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 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.

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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.

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.

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.

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Fiter.
Your Apache
Fineract Partner

Our mission is to accelerate the arrival of the world’s best financial institutions to open-source solutions.

We inspire them to leverage the best capabilities that the 21st century offers: a distributed process that drives agility and cost-effectiveness.

We offer an individualized suite of products for both financial institutions and fintechs.

We offer advice and expertise to our clients to improve their business performance in terms of operations, profitability, management, structure and strategy while customizing Mifos & Fineract to their needs.

We are a multicultural team of talented software and fintech professionals, globally distributed, present in 20+ countries allowing 24 hours support.

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