Apache Software Foundation’s Apache Fineract is an open-source software platform that provides financial institutions with core banking functionality.
Apache Fineract key features:
Account management: manage checking, savings, and loan accounts across multiple currencies. Leverage advanced account management tools including account reconciliation, interest calculation, and fee assessment.
Loan processing: offers a range of loan processing tools including loan application, disbursement, repayment, and default management. Supports term loans, mortgage loans, and microloans.
Payment processing: supports multiple payment methods including check, cash, and electronic payments. Provides tools for payment reconciliation, fraud detection, as well as chargeback management.
CRM: maintain customer relationships with customer onboarding, segmentation, and communication tools, manage customer accounts and track customer interactions.
Microservices: Fineract’s microservice architecture can easily be customized and integrated with other systems, making it compatible with a wide range of banking and financial applications.
