New Developments

Madiston is committed to staying at the forefront of financial services technology and we share below some of our exciting Fintech projects underway. If you would like more details about any of these projects and how we can work together to implement them for your own organisation, please contact us.

  • an extension to our existing Salary Deducted Loan software
  • enables loans for a portion of salary that employees have earned, but not yet been paid
  • eases financial pressure mid-month at sensible interest rates
  • write your own browser based “user portal”, for both lenders and borrowers, using exclusively the API as the mechanism for access to our platform
  • use this facility to establish an Institutional Direct Lending Marketplace or online generalised loan market
  • available within the current version of the Madiston Platform software
  • for Android smartphones and tablets currently and will be available for IOS smartphones shortly
  • new development API endpoints for new Mobile App features include capturing passport and ID card information by smartphone camera and “selfie” for verification to speed up registration
  • communication for this simplified registration process is via SMS messages
  • Madiston plc has been prototyping with the APIs and developer tools available to enable user authorisation systems and access to their bank accounts via the Open Banking system
  • Proof of Concept integration with Open Banking is being tested in the sandbox testing area provided by the Open Banking Initiative
  • personal borrower product that performs as if borrowing on a credit card
  • monthly repayment could be from the minimum with interest for the month, up to complete repayment of loan plus interest at month end
  • lender product provides a one-month commitment, with roll over if required at month end
  • highly automated, online unregulated Direct Lending Marketplace (DLM)
  • lowers the cost and capital requirements, compared with the institution’s current operational arrangements for processing “smaller” loans
  • reduces the cost and time to market for such a launch
  • institutions can participate, as market members, to the extent that they wish, on a short lead time to market and implementation cost and a “pay as you go” charging method
  • most of the facilities required to provide such a service are already inherent in our software
  • pre-paid debit cards and peer to peer funded credit cards
  • functions already in our software for loans that mirror borrowing via a credit card
  • method used by companies to improve cash flow by getting an immediate cash advance against their invoices with longer payment terms, e.g. 30, 60 or 90 days. An unregulated activity.
  • effectively a new borrower loan product and a new lending investment product
  • for the borrower it is a higher interest form of borrowing and therefore generates good levels of interest for lenders (and fees for operators of the site)
  • identified beneficial areas for FinTech organisations where DLT and Blockchain may improve or extend our applications
  • looking to work with R3 using Corda to build a Proof of Concept (POC) for a Smart Contract for a loan covering aspects of loan origination, loan funding and ongoing loan servicing
  • available in our current software as our approach to multiple currencies means that fiat or crypto currencies can be handled in a similar manner
  • in P2P, Online Direct Lending or Marketplace Lending, transactions are generally driven from the Loan Request from a borrower. This development will allow lenders to present lending propositions which borrower may then “pitch for”
  • could facilitate institutions wishing to drive the process of lending and attract the most appropriate borrowers for their funding requirements


These projects are at various stages of progress, but, if your firm has a particular interest in one of these developments, get in touch to discuss how we could deliver the Fintech software platform that you are looking for.