Financial
services
for all
Financial services for all
Fineract is the open-source backend platform for every financial institution that needs to improve the financial accessibility of their products.
All services and required integrations are exposed through APIs allowing open-banking and a modular service-oriented architecture. Fintechs can leverage and re-use the core while quickly building out unique apps, solutions, and integrations.
APACHE FINERACT 1.X, IT’S THE BACK END BEHIND MIFOS X AND OTHERS. IT IS LICENSED UNDER APACHE LICENSE, VERSION 2.0.
Apache Fineract is open source software for financial services.
Fineract provides a reliable, robust, and affordable solution for Fintech, traditional financial institutions, and service providers to offer better financial services to the billions of underserved.
Features include flexible product configuration, KYC documentation support, business rule sets, payment transactions, and portfolio management.
Fineract is aimed at innovative mobile and cloud-based solutions, and enables digital transaction accounts for all.
Fineract 1.x is a mature platform with open APIs.
Fineract 1.x is a mature platform with open APIs.
Fineract provides the client data management, loan and savings portfolio management, and integrated real time accounting.
Supports any organizational delivery channel, and flexible enough to support any product, service, or lending methodology.
For any organization, big or small, needing to bring digital financial services to a modern connected world.
It can be deployed in any environment: cloud or on-premise. It can support front end interfaces on or offline, mobile or PC.
Previous slide
Next slide
Benefits of
Apache Fineract
The Open Source platforms Apache Fineract and Mifos X, which are used by several hundreds of financial institutions in more than 50 countries, are the best choice for any financial institution wanting to upgrade their core banking application.
Some advantages of implementing the core banking application on Apache Fineract are:
Joining a global community of developers, business experts, and entrepreneurs developing on Fineract.
Acquiring a tool used worldwide, taking advantage of the improvements and learnings that are made in different parts of the world.
Becoming part of a platform on top of which can build a differentiation without relying on the “owner” of the system. The community owns the code, users benefit from a system designed to innovate, to work collaboratively and to grow as a collective.
Maintaining control of the system, since Fineract is a platform designed to collaborate, where the barriers to entry to development are the lowest possible, and where the community encourages its members to contribute, but it is not mandatory.
Storing all data, including core banking data, KYC, customers, accounts and transactional data - on a unified platform.
The information is not stored in separate silos, through several Excel files or spreadsheets.
Fineract, at the same time, keeps a complete audit log of each operation and each change. All data is accessible through preconfigured reports, and we can support them with the preparation of new reports ad hoc to their needs.
Fineract, at the same time, keeps a complete audit log of each operation and each change. All data is accessible through preconfigured reports, and we can support them with the preparation of new reports ad hoc to their needs.
Single access point for the entire organization: The core will be implemented in the cloud and accessed through a web browser on the Internet, no matter where in the world you access the system, you can access all the information that your profile and role allow you to access, effortlessly, and very simply.
You only need an Internet browser with connectivity and you will be able to access all customer information, loans, reports and traceability.
You only need an Internet browser with connectivity and you will be able to access all customer information, loans, reports and traceability.
API ready - Connection with third-party services: Mifos X and Apache Fineract allows the connection of the system through Restful APIs in order to connect third-party products on demand.
Previous slide
Next slide