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Finscale
  • What is Finscale?
  • Key Properties
    • FI Relays
    • 🤓Verified Credentials
    • Decentralized Identifiers
  • Functional Micro-services
    • Payment
    • Identity
    • Consensus
    • Customer
    • Financial Product
    • Accounting
    • Analytics
    • External Service Integration
    • Transaction Processing
  • Technical Use Cases
    • Credit Underwriting & Risk Profile Assessment
    • Credit Management
    • Risk Management
    • Auditability, Fraud Detection and Analysis
    • Integrations
    • Payment Settlement
    • Credit Origination
  • Client Side
    • User Interface
    • Setup
  • Customer Use Case
    • Lending for Farmers
    • Liquidity for Crisis in Motion
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What is Finscale?

Open Source Financial Technology Platform: FINSCALE

NextFI Relays

Last updated 3 years ago

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An innovative open-source financial services platform that is continuing to change for any developer to serve the needs of their use case instantly while supporting thousands of transactions.

Finscale is

  1. Lets users discover services from FI

  2. Lets user establish social trust with FI using Verifier credentials

  3. Lets FI operate and service to those based on the regulatory setup

  4. Distributed and is based on peer to peer network

  5. Lets FI acts as relayers whose sole aim is to provide financial services to the users with minimum fees.

  6. Minimize information exchange between counterparties

For Eg:

Any User can publish an ask for the running relayers on behalf of FI that is basically just listening to the user's requirement and if the requirements are met the user gets the desired output or else FI will keep passing on the messages to others until the user discovers the product!

All of this is pretty straightforward, but finscale covers a variety of use cases that FI would like to cover.

Problems

Right now users have to go to a myriad of different