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Twisp

@twispdb

The core ledger that allows developers to easily build, reconcile and scale any financial product or system of record

 Portland, OR
twisp.com
Joined February 2021
  • Tweets17
  • Following183
  • Followers67
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Galois@galois22 Feb 2024
In a collaboration highlighting the delicate balance between consistency and efficiency in fintech applications, Galois and Twisp used the P language for systematic concurrency testing, helping build a system with world-class reliability and correctness. galois.com/blog/2024/02/galo…
Image from Galois (@galois)
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What does it take to spin up a modern financial stack? In the latest episode, Jarred @webriots tells @LexSokolin about his journey as an engineer building financial systems, and how Twisp is helping re-envision ledgers in the modern cloud. Listen here: open.spotify.com/show/4MsTDi…

The Fintech Blueprint

Podcast · Lex Sokolin · Finance is being pulled apart by the forces of frontier technology. From AI, to blockchain and DeFi, mixed reality, chatbots, neobanks, and roboadvisors — the industry will...

open.spotify.com
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Hello, World! After spending our careers designing, operating, and scaling dozens of ledger systems.. We are excited to introduce Twisp: the cloud native ledger and accounting system. To learn more, read this post introducing our vision for Twisp: twisp.com/blog/introducing-t…
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Why are developers continually reinventing accounting? Listen to @parsnips451 and @alexbdebrie discuss how @twispdb is rethinking the underlying technology for core accounting ledger systems 👇 youtube.com/watch?v=I2Vj_j3N…
Twisp: Reinventing Accounting Systems with Michael Parsons

Twisp: Reinventing Accounting Systems with Michael Parsons

👍🏼 Give your thumbs-up and subscribe to the channel!🎙️More Softwa...

youtube.com
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Most fintech engineers rebuild their product fund flow at least 3+ times It can consume 100s+ hours for line engineers who don’t know accounting This becomes a reality when transaction lifecycles become inherently more complex But there is an accounting model solution
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By building a transaction code library to track the entire transaction life cycle You will design a reliable way to avoid creating new fund flows or accounting with each additional vendor integration or product launch
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Engineers will no longer have to worry about - Debit normal, credit normal - Chart of accounts - Balanced entries - Double-entry accounting Every time your fund flow or transaction lifecycle changes, can you imagine?
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We’ve had the same convo with 100 builders at #fintech companies. Reconciliation is seen as a new ledger requirement for every vendor integration. To us, reconciliation is a symptom of not having strong accounting structure.
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We've seen hundreds of homegrown ledgers and built dozens ourselves. Building core ledger systems that support correctness guarantees is essential for any product moving money. Which is why we collaborated with @galois to formally verify key transaction protocols on Twisp.
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We’re using the same rigor that Amazon uses in the encryption that safeguards all of AWS, but applying to real-world ledger systems for fintechs that move money. @webriots joined @jocelynbyrne on @software_daily to discuss the design principles that went into building Twisp.
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And how correctness guarantees are key in ‘reinventing the ledger’ Listen 👇 softwareengineeringdaily.com…

Twisp: Reinventing the Ledger with Jarred Ward - Software Engineering Daily

Monolithic relational databases are the traditional foundation of financial core ledger systems. Nevertheless, the process of building and operating  mission-critical ledgers to track and reconcile...

softwareengineeringdaily.com
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If you're in fintech and are building a new ledger for every new product, payment rail, or service, you're also compounding your reconciliation workload. Usually the pain sets in at the moment there is increased demand, just when you need to move the fastest!
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When do you need a core ledger? When you have multiple vendor integrations, several payment instruments, complex balances, or internal decisioning flows.
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