Webinar: Introduction to Mojaloop from the Gates Foundation

We’re pleased to have Matt Bohan and other members of the Gates Foundation lead a webinar giving an introduction and Q & A session on the recently released Mojaloop.
The webinar will be held on Wednesday January 10 at 1500GMT via GoToTraining.

Mojaloop is “open-source software for building interoperable digital payments platforms on a national scale. It makes it easy for different kinds of providers to link up their services and deploy low-cost financial services in new markets.”

At the Mifos Initiative, we believe that Mojaloop nicely complements the Mifos/Apache Fineract stack whereby we provide the core banking infrastructure for client and mobile wallet account management, a financial ledger, and portfolio account management needed by each Digital Financial Service Provider to uniquely identify accounts and initiate and record transactions on financial accounts.

While Mojaloop provides an open source platform enabling an internet of payments providing secure, low-cost, interoperable payments utilizing the following components:

Mojaloop includes four components: an interoperability layer, which connects bank accounts, mobile money wallets, and merchants in an open loop; a directory service layer, which navigates the different methods that providers use to identify accounts on each side of a transaction; a transactions settlement layer, which makes payments instant and irrevocable; and, components which protect against fraud.

To learn more about Mojaloop read the press release, view the FAQ, browse the repo and of course attend the webinar!

We look forward to being an active part of the Mojaloop community and are working on some proof of concept integrations between Mojaloop and Fineract 1.0 and Fineract CN.

Quito Mifos Chapter Helps Promote National Financial Inclusion Policy

On August 22, 2017, representatives of the Mifos chapter of Ecuador, participated in an event held by Red de Instituciones Financieras de Desarrollo (RFD) to impact the broader financial inclusion community in Ecuador.  This project seeks to promote a space for the construction of a National Financial Inclusion Policy, under a broad concept that is not only limited to access and use of financial services, but also proposes the creation of an adequate environment, both in the regulatory sphere, and in enhancing the capacities of the population through financial education, under criteria of protection to the financial user.

These essential pillars of Financial Inclusion, implemented in a joint way, will have a greater probability of impact on sectors excluded populations, to generate processes of economic growth and employment

Quito Chapter president, Jorge Moncayo, participated on this panel whose objective was to have a space for dialogue and proposal by key actors in the process of constructing the national policy for financial inclusion in order to know their criteria and mechanisms of contribution in relation to the proposal presented by RFD. The 60 minute discussion was moderated by Yamile Pinto – Chief of Institutional Strengthening of RFD who conduct two rounds of questions for participants at the table with the following approach:

  • What is your analysis regarding the current situation of Financial Inclusion in Ecuador and against this what is your criterion regarding this initiative to have a national policy?
  • How would their organizations be inserted in the process of construction of this national policy? What would be your contributions and / or proposals in this construction process?

After the two rounds of questions there was an open space of interaction with the audience for approximately 20 minutes.

The Quito Mifos Chapter is looking forward to more participation in local fintech and financial inclusion events and will soon be hosting its own events to advanced thought leadership in financial inclusion and hackathons to promote innovations in technology for financial inclusion.

 

Meet the 2017 Mifos Google Summer of Code Class of Interns

Google Summer of Codegsoc2016-sun-373x373 2017 will soon be underway. GSOC is now in its 13th year and we’re proud to be participating in GSOC once again for the fourth time as the Mifos Initiative and the sixth year overall. This year will be our biggest year to date. We were able to select twelve interns from our pool of more than 90 applicants. We are very grateful for Google to allocating us so many slots to allow us to pick from the many impressive students that applied, especially amongst mobile and web developers where we had an overwhelming number of applicants. As the voice for the financial inclusion community within Apache Fineract, the Mifos Initiative looks forward to participating in GSOC for many years to come to deeply engage with the high number of students interested in Fintech and captivated by our mission.

This year we’ll have interns representing six different countries and four different continents, once again working on all components of the Mifos X stack that’s powered by Apache Fineract. On the front-end we have 4 students that will be working on various features of our AngularJS web apps under the mentorship of Gaurav Saini, Pranjal Goswami, and new mentors Maulik Sonaji and Vinay Saini. On the mobile apps side of things, we have 4 students working on various Android apps powered by our stack; they’ll be mentored by Ishan Khanna, Satya Naryan and first-time mentor Puneet Kohli. On the back-end, working on either new platform features, analysis, or modules integrating with Mifos X, we have 4 students as well being mentored by Antony Omeri, Avuk Etta and new mentors, Kyriakos Patsias, Avik Ganguly, Dhirendra Pratap, and Mark Reynolds.

Tarun Mudgal and Mayank Jindal, both 2016 Mifos GSOC aspirants, will be continuing the work that Rajan led in 2016 and extending offline functionality, building new features like the collection sheet and more to deliver Version 4.0 of our Android Field Officer App. Dilpreet Singh will be building on top of the Android self-service app by improving its usability, and adding in  additional features like mobile money integration. Naman Dwivedi will be working on a brand new project, building out a modular mobile wallet framework that integrates with the UPI in India.

Gopala Krishnan will be working on our re-skinned community app by increasing usability and redesigning screens and workflows. Raunak Sett will use our self-service APIs to build the first self-service web app for Mifos X. Mohit is going to be completing making the web app available offline in Chrome browsers and Courage Angeh is extending the notifications framework further throughout the web app and integrating with other Mifos X interfaces.

On the back-end we have quite a bit going on. Alex Ivanov, our 2014 GCI grand prize winner, has returned to the community and will build out two-factor authentication. Kumaranth Fernando, another 2016 GSOC aspirant, will be working on the oft-requested enhancements and integration to our data import tool. Vladimir Fomene will be genericizing and enhancing the mobile money gateway kicked off by Daniel in 2016. Thisura Phillips will be conducting extensive static analysis and fixing the vulnerabilities he finds on Apache Fineract.

A big shout out to all our mentors without whom Google Summer of Code couldn’t be possible. They’ve already dedicated many hours interviewing candidates, reviewing pull requests, and helping refine the scope of the various projects. But their work has just begun and they’re eager to help introduce another generation of software developers to open source while fighting poverty with financial inclusion.

While not officially part of the Mifos Initiative for Google Summer of Code, we have three other projects as part of Apache Fineract including the first mobile field officer app on Gen 3 being led by Rajan Maurya, phase 2 of the credit bureau integration module being led by Nikhil Pawar, and live REST API documentation using Swagger being led by Sanyam Goel.

For all of these projects, we’re still nailing down the exact use cases and scope of work, so please respond to the ongoing discussions on our mailing lists to provide feedback and suggest what you need.

As we do each year, here’s a brief intro on each of our interns and stay tuned for a follow-up post with some fun facts on each of them.

Mobile Apps

Tarun Mudgal – India

  • Android Field Officer App 4.0
  • Mentor: Puneet Kohli
Mayank Jindal – India

  • Android Field Officer App 4.0
  • Mentor: Puneet Kohli
Dilpreet Singh – India

  • Android Self Service App 2.0
  • Mentor: Ishan Khanna & Puneet
Naman Dwivedi – India

  • Mobile Wallet Framework for UPI in India
  • Mentor: Ishan Khanna

Front-End & Web Apps

Gopala Krishnan – India 

  • Web App Enhancements
  • Mentor: Maulik Sonaji
Raunak Sett – India

  • Web Self-Service App 1.0
  • Mentor: Vinay Saini
Mohit Bajoria – India

  • Browser-based Offline Access
  • Mentor: Gaurav Saini
Courage Angeh – Cameroon

  • Notifications Framework
  • Mentor: Pranjal Goswami

Back-End & Modules

Alex Ivanov – UK/Bulgaria 

  • Two-Factor Authentication
  • Mentor: Avik Ganguly
Vladimir Fomene – Ghana

  • Mobile Money Gateway
  • Mentor: Ayuk Etta & Antony Omeri
Kumaranth Fernando – Sri Lanka

  • Data Import Tool Integration & Enhancements
  • Mentor: Kyriakos Patsias and Dhirendra Pratap
Thisura Phillips – Sri Lanka

  • Static Analysis of Apache Fineract
  • Mentor: Mark Reynolds

Read more

Mifos Returns to OSCON

Here’s another blog post from our community development intern, Alex Moses, as we returned back to OSCON for the 7th time.  

Hello Everyone,

I’m back again with another post about another conference! Just two days after I returned home from LinuxFest Northwest, I was boarding a Boeing 737 destined for Austin, Texas. I was heading down to the Lone Star State for OSCON (Open Source Convention).

When I arrived in Austin, I was finally introduced to our President/CEO, Ed Cable. Ed and I ran a booth in the Expo Hall, which was located at the Austin Convention Center. Now I would say that OSCON is like LinuxFest Northwest but on a greater scale, but that wouldn’t do it justice. The Convention Center is enormous and there were times I feared getting lost!

Ed and I were joined at the booth by two great colleagues, Isaac Kamga and Nikhil Pawar. Isaac lives in Cameroon where he works for Sky.labase, one of our outstanding partner organizations. Nikhil is currently a student that has previously worked with Mifos during Google Summer of Code, and he is working with Apache Fineract this summer.

Read more

Alex’ First Visit to LinuxFest Northwest

For those whom I have not had the pleasure to meet yet, my name is Alex Moses! I am a freshman studying Finance at the University of Washington Seattle campus. I began my internship with The Mifos Initiative a little over a month ago and they are already sending me off to conferences!

For the first weekend of May I traveled north to Bellingham, Washington for LinuxFest Northwest with a previous Mifos intern, Drew Fass. The event was graciously hosted by Bellingham Technical College and introduced me to an array of interesting and inspiring individuals.

Drew and I conducted a booth where we spread the social mission of Mifos and informed the attendees about the work of Mifos. The attendees of the conference asked insightful questions and were eager to grab our paperwork to learn more about the Initiative. Additionally, we met motivated individuals seeking to contribute to our mission through volunteering.

Read more

Star Contributor of the Month – Maulik Soneji

11114143_934307263307176_9054074219213610646_o

We’re recognizing Maulik Soneji  from Gandhinagar, India, as our Star Contributor for March. Maulik has only been a part of the Mifos community for a couple of months but in that time he’s really demonstrated his commitment to our cause for many years to come. It’s rare when you get volunteers that proactively come and are eager to contribute. Maulik showed up with an interest in mentoring for GSOC and immediately begin working with Mohit on the re-skinned Community App. He’s been an enthusiastic supporter of other contributors and always has great ideas to help improve our apps and our collaboration. He’s deeply aware of Fintech from his experience at Morgan Stanley and is eager to use that knowledge to help those at the Base of the Pyramid. We’re looking forward to working Maulik as a mentor for this GSOC and seeing all the impact he’ll have on our community.  Read more

Star Contributor of the Month – Mohit Kumar Bajoria

screen-shot-2017-02-24-at-10-52-45-pmWe’re recognizing Mohit Kumar Bajoria of Jammu, India. Mohit has been a member of our community since he joined us a GSOC intern in March of 2016 and worked on adding browser-based offline access to the Community App underneath the mentorship of Gaurav. Since then he’s continued to excel and be an active part of the community first by acting as a GCI mentor and now by taking the initiative to fix the remaining bugs in the re-skin so it can be shipped to the community. These past couple of weeks, Mohit has really demonstrated his leadership by stepping up to become maintainer of the re-skin branch all on his own doing – he’s been mentoring other contributors, squashing lots of bugs, and reviewing and merging incoming pull requests. This call to leadership has been opportune as we seek empowered individuals from the community to stabilize and maintain Generation 2 as we transition to Generation 3. 
Read more

Star Contributor of the Month – Denila Philip

screen-shot-2017-01-09-at-3-27-15-pmWe’re recognizing Denila Philip, from New Jersey, as our Star Contributor for January 2017. Denila only joined our community in October 2016 but in the short time she’s been here she’s made a huge impact and given generously of her time and skill. Product management is an invaluable contribution that volunteers can make and Denila has been no different. Her work in drafting detailed user stories along with wire frames has greatly accelerated the development efforts for the Android self-service app. Grounded in human-centered design, her plans for the self-service app have given great clarity and a foundation for mobile wallets and other innovation. 
Read more

Star Contributor of the Month – Gaurav Saini

0462
We’re recognizing Gaurav Saini, from Chandigarh as our Star Contributor for December 2016. Gaurav has been one of our most active and loyal community members since he graduated from GSOC in 2014. He’s championed the evolution and developoment our Web UI since then. He’s a regular on the mailing lists, is often found speaking about Mifos around the world, and never hesitates to help the community when in need. Gaurav has had a busy 2016 – he started out presenting at TechDays in Amsterdam, mentored two projects for Google Summer of Code, helped a fellow partner in the community by doing hybrid mobile app development, continued to extend our Mifos X web app, attended ApacheCon in Seville, attended the GSOC Mentors Summit in Mountain View, served as a mentor for Google Code-In, and is helping to get our web self-service app off the ground. 

Read more

Star Contributor of the Month – Pranjal Goswami


screen-shot-2017-01-09-at-9-54-32-pmWe’re a little behind on recognizing Star Contributors so we’re going catch up for 2016. For November, we’re honoring Pranjal Goswami from Bangalore, India. Pranjal is one of our most gifted and talented community members and it was only in 2016 that we were finally able to get him directly involved with the community. He mentored two students for Google Summer of Code, lending his expertise and graphic design skills to assist in refactoring and re-skinning our web app and also mentoring Adhyan in building out a notifications framework for the web app. He was also chosen to attend the 2016 Google Summer of Code Mentor Summit along with Gaurav. Pranjal will be busy throughout 2017 but we look forward to making him an active contributor to the Apache Fineract community.

Pranjal Goswami – Bangalore, India

Brief Bio (in the words of Pranjal):

Currently working as Head of Product for tnpsuite.com which we ideated during graduation to streamline the process of campus placement drives in India. The platform helps colleges recognise gaps in placements using the student specific analysis.

When not in front of my laptop coding, I like spending time traveling, reading or playing sitar (an Indian classical music instrument)

Relevant Skills & Experience: Full stack developer for three years. Worked on big scale web applications built on Angular JS.

Read more