In my day-to-day work, I constantly interact with legacy closed-loop credit processing systems. While they get the job done for now, it's becoming clearer that the aging technology and processes behind them will eventually catch up to us.
A recent interaction with the system made me pause and think - why isn't there a modern, developer-friendly platform for closed-loop credit programs, like what Stripe has done for payments? Most of the major players in this space are running on systems that are at best 10 years old, or at worst, 30+ years old. So I started throwing some ideas around, and as a result, I've been working on a new project - vertex.
Vertex scratches an itch for me - it shows what a best-in-class closed-loop credit system could look like, with a focus on developer experience and ease of use.
Some of the core tenets of the project are:
- Event-driven architecture at the core, allowing for more flexibility and scalability.
- Developer-friendly API, allowing you to integrate easily and quickly.
- Taking a security-first approach to the system, and while PCI compliance is usually not mandated for closed-loop credit systems, key parts of the system will be compliant.
- Robust reporting and support tooling.
- Modern, container-based cloud deployment (note, not multi-tenant, this is by design).
It's an ambitious project (and I don't know where this will go), but right now I'm excited to be building it.