Mifos - Open Source Core Banking
This project was last updated September 29, 2022 byCloodo
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About Up Mifos - Open Source Core Banking
Apache Fineract (https://github.com/apache/fineract/) is the back-end core banking platform originated by the Mifos Initiative. Mifos X acts as the reference web and mobile apps for staff and customers providing an out of the box ready-to-deploy solution on top of Apache Fineract along with reporting, payments orchestration and other ancillary solutions.
More than 20 million customers are reached by 400+ institutions using the Mifos and Fineract APIs.
The back-end has the customer management, wallet/account management, loan and deposit management, general ledger, and reporting services to provide a full range of digital financial services. These back-end services are exposed through a RESTful API allowing others to rapidly build new applications to serve the poor. This multi-tenant architecture is lightweight and ready for the cloud providing the extensibility and scalability for growth.
- Customer Management
- Wallet/Account Management
- Loan Management
- Loan Origination
- Savings Management
- General Ledger
- Reporting & Business Intelligence
- Payments Orchestration
- Mobile Banking
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