01 October 2021

Discover The Technology Behind These FinTech Success Stories

Written By Erlang Solutions in Enterprise Software

Discover The Technology Behind These FinTech Success Stories

It can hardly be described as ‘secret sauce’ anymore, given that Cisco ships 2 million devices per year running Erlang. That means a whopping 90% of internet traffic is going through routers and switches controlled by Erlang. But what is perhaps less well known within the tech community is that, away from telecoms, Erlang and other languages running on the BEAM virtual machine are powering some of the world’s biggest and most productive financial services systems. It is likely you will find an Erlang team in all of the major banks and financial institutions.

It is easy to build prototypes with Erlang which is why it’s a great choice for fast-moving FinTech startups. While the Elixir programming language mixes the best of Erlang in terms of runtime, the concurrency model, and fault-tolerance, with powerful and battle-tested frameworks

In our blog post we examine 5 interesting use cases spanning building a bank from scratch in Elixir to using the most deployed open source message broker in the world (built in Erlang) in one of the world’s largest financial data companies.

READ MORE >>

Up Next ...
04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

04 November 2024

Barclays acquires Tesco Bank

Barclays Bank UK PLC has completed the acquisition of Tesco ...

04 November 2024

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

fundcraft has increased its Series A funding to €11 million, ...

01 November 2024

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

Mollie, a leading financial service provider, has partnered with Hyvä, ...

More in Enterprise Software

QUALITANCE: Empowering software engineering and product development

18 July 2023

We sat down with Radu Constantinescu, CEO and Co-Founder of ...

Posted By The Community

Scottish-American startup Scrapp celebrates after winning big at young business conference

28 January 2022

Billed as the the number one entrepreneurship e-conference for students and researchers, Edventure p...

Written By: Vestd

Building trust through communication with Ciptex

13 December 2021

Good customer experience is vital for companies in the financial ...

Posted By The Community

State of play in financial services

09 September 2021

In this article, we take a look at some key trends in technology in financial services along with some general high-level trends in software engineering in the sector....

Written By: Erlang Solutions

There are no Knowledge Bank in this category

There are no Events in this category