This June, the Community Over Code Conference took place in Bratislava, Slovakia. Fiter’s Tomás Ferreiro visited the event for the first time and covered the Fiter and Fineract angle in his session titled “Evolving FinTech Landscapes: Driving Business Innovation”. Over the 3-day event, Tomas was both intrigued and inspired and returned with valuable insights about his experience. Here are Tomas’ main takeaways from Community Over Code:
Tomas’ Session
Tomas’ session titled “Evolving Fintech Landscapes: Driving Business Innovation with Fineract” took place on the second day of the Community Over Code event. The session detailed Fineract’s pivotal role in banking innovation through market adversity, exploring Fineract’s positive impact on banking transformation in FinTech.
Through actual success cases, Tomas demonstrated how Fineract is addressing present and future market challenges to achieve adaptability and strategic advantage worldwide for its customers, and how Fiter, the world’s leading Fineract implementer is future-proofing businesses through Fineract.
It’s all about community
The companies and individuals who make up the open-source community are all about being part of something bigger. Community Over Code (COC) is the platform to share knowledge and foster the community. As a company that relies on community software, Fiter is committed to engage in the Community Over Code event. Fiter attended COC to share experience and lessons related to Fineract, as well as to meet with the people involved in the project, listen, learn, connect and collaborate.
During the event, Tomas exchanged ideas with people who excel at what they do, including renowned engineers working in top tier companies. Beyond being impressed by the personas themselves, Tomas was impressed by their humility and closeness. Participants created a safe space for questions, for conversations and for sharing. Everyone felt the sense of community and equality, regardless of background.
The industry’s best kept secret
Fineract is a core banking system used by more than 2,500 entities worldwide, with great robustness and a truly differential competitive advantage. However, Fineract’s main challenge, from Tomas’ experience, is that it is still a little-known solution among financial entities. For Fineract to be considered a viable alternative and for its unique value to be perceived, more companies need to become aware of its existence. Tomas is therefore highly active on LinkedIn, engaging with financial decision-makers and people from the industry to educate them on Fineract and increase market awareness.
The benefits of Fineract
Those privy to the power of Fineract implemented by Fiter, reap the following benefits:
- Speed to market: next level capabilities through Fineract’s customizable architecture in record time.
- Security and compliance: Fineract is regularly updated to ensure safety and regulatory compliance.
- Seamless implementation by Fiter: Fiter is the #1 global implementer of Fineract, providing round the clock local support and global presence.
- Community: Fineract is supported by the thriving Fineract open-source community, leveraging community synergy in driving businesses forward.
- Zero licensing fees: organizations can now break free from hundreds of thousands of dollars in vendor fees through Fineract open-source technology.
- Flexibility: Businesses leverage Fineract’s flexibility in optimizing their software to achieve next level performance.
Implementation by Fiter
With Apache Fineract being an open-source product, many companies display a certain level of nervousness when it comes to integrating Fineract technology at the core of their business. Also, while Fineract is a robust product, it must be adapted to the needs and regulations of each country as well as customized correctly. Without adequate support, this can become a serious challenge.
Enter Fiter. Implemented skillfully, Fineract can provide organizations with the solutions they need to take their business to the next level in record time. With Fiter being the global leader in Fineract integrations and implementations, Fiter’s customers enjoy a customer experience like no other. With presence in over 15 cities worldwide and over 50 million end customers, Fiter has got you covered throughout the implementation process from planning to deployment to scaling and post-implementation support. Fiter’s job is not only to help customize or deploy but also to guide, accompany and instruct, drawing on its position as technology experts. Setting clear expectations is key to a successful implementation.
Software and sustainability
Community Over Code brings the future of open-source software to its participants. One of the more exciting lectures Tomas enjoyed at the event was Asim Hussain’s: “Doing for sustainability, what open source did for software.” In his lecture, Asim explained the history of the Impact Framework and its core concepts and demonstrated how to use it to measure the environmental impacts of a piece of software. The environmental impact of software and how to measure it is a truly eye-opening and informative topic, one of many innovative topics discussed during Community Over Code.
Network through footwork
Community Over Code is the place to be for networking. Tomas feels the best connections are those that transcend the work environment, where you start out bonding over work and end up with new friends. Tomas made 3 new friends at COC: Angad, Aayush and Yash. One of the most memorable evenings of the conference included Tomas, Angad, Aayush and Yash cycling around Bratislava after the conference and going for drinks. There’s nothing like a good integration!
Fiter’s Message in Code Over Community
Fiter is committed to revolutionizing the financial industry through Fineract. The reintroduction of the innovative FinTech Track played an important role in educating the community about the advantages of Fineract for small to large financial entities alike in the cutthroat financial sector. The opportunity to introduce new audience to the technology Fiter works with and the work carried out at Fiter is Fiter’s way of giving back to the open-source community. Fiter and Tomas will continue to help businesses drive growth through Fineract.
