We are recognizing Sundari Swami from Los Angeles as our newest Star Contributor! Sundari has more than 8 years of experience of working in marketing and dealing with big-data SaaS products; she currently serves as a Technical Product Manager at DataScience.com. Sundari has been with Mifos for several years now, playing a crucial role in the development of the Mobile Wallet 2.0 Framework. Since last year, Sundari has been helping write and gather requirements for the Mobile Wallet 2.0, and we cannot thank her enough for her continuous hard work! We commend Sundari for her persistence in continuing to volunteer with Mifos even after a gap between projects she was assisting on. She can always be counted on to be thorough and highly attentive to detail so we get our use cases right. Sundari’s commitment to serving those in need along with her tech and product management expertise makes her a triple threat that we could not be happier to have as a part of our Mifos community.
For our latest round of the Fintech Forum, we’re combining several topics. At heart of this post is a guest blog from Gururag Kalanidhi of Habile Technologies looking at the Latest trends in Loan Origination. His post dovetails well with some of the research briefs that several of our GCI students did on digital credit.
This research and the guest blog post nicely complement a couple ongoing conversations we’re having across the community related to the product roadmap as a whole for Fineract CN and how our ecosystem is leveraging artificial intelligence, machine learning, and big data to make faster and better credit decisions while also delivering more impactful products and services.
To give your feedback on what you’d like to see in Fineract CN in general but also specifically as it relates to loan origination, please fill out this quick survey.
We are recognizing Steve Conrad, a full-stack developer at Dassault Systems in Minnesota, as our newest Mifos Star Contributor. Steve only came to our community in early January of this year but in that short time has become an anchor of the community and been adding vital support to the Fineract platform when we need it the most. He fixed a number of critical bugs in the most recent release, made Fineract compatible with MySQL 5.7 and is now leading efforts to integrate the Payment Gateway project into Fineract and build a lab environment integrating Fineract with Mojaloop. Steve’s passion and commitment to poverty alleviation along with his deep expertise has been on full display. He’s one of those transformative volunteers that can have a tremendous impact on our project and we look forward to his leadership in the community as a recently added Apache Fineract committer.
This summer you’ll have the ability to change lives – three billion of them – one line of code at a time. The Mifos Initiative will be participating in Google Summer of Code for the seventh time. You’ll have the have the chance to build web and mobile apps for digital financial services or contribute to our award-winning Mifos X open source technology platform powered by Apache Fineract or brand new Apache Fineract CN application framework for digital financial services. Google Summer of Code is a global program sponsored by Google that offers students stipends to write code for open source projects. Students accepted to the program will spend their summers coding from May 14th to August 14th and upon successful evaluation, receive a stipend provided by Google. For full details on GSoC, read the FAQ and browse the program timeline – student applications are open from March 12 now through March 27! You can apply from our organization page.
Want to learn more? Browse our ideas page for projects and links to all our code repositories. Click below to view the screencast from our Ask Me Anything held on Thursday March 15 at 1200GMT.
We are recognizing Sanyam Goel, our recent 2017 GSOC intern who worked on implementing all of the Fineract APIs into Swagger Open API format, as our latest Star Contributor of the Month. Sanyam took on this highly complex project with ease during the summer and then during Google Code-In worked extensively with our participants as a mentor to wrap the remaining Swagger work as well as mentor other tasks related to documentation and research. All in all, he helped to review or give feedback on nearly 60 tasks. Join us in recognizing Sanyam for his hard work as a GSOC intern, GCI mentor, and contributor the Fineract and Mifos communities for many years to come.
We are recognizing Dilpreet Singh, our recent 2017 GSOC intern who worked on our mobile banking app, as our latest Star Contributor of the Month. Dilpreet has become an anchor in our community of mobile developers starting with the exemplary he work during GSOC in which he went above and beyond the requirements of his project. Since GSOC has concluded, despite a busy schedule with university, Dilpreet has continued to actively work on our mobile banking app and we look forward to his presence and leadership in helping to guide continued innovation on our mobile banking apps and more across the community.
Each year at the conclusion of Google Summer of Code, Google invites all mentor orgs to send two mentors or org admins all-expenses-paid for a weekend-long unconference at Google’s offices in Silicon Valley for mentors to share their GSOC experiences and collaborate on growing open source together. Since I’m so close by, I’ve always deferred to allowing our mentors from abroad this great privilege and reward. But this year when I learned four of our mentors would be coming from abroad (we got a bonus attendee for GCI participation and one more from the waitlist), I figured it was my worth my luck to try and get picked from the waitlist and make the 7 hour drive to Silicon Valley to attend.
Lucky enough to get chosen from the waitlist, I was so glad I had the opportunity to attend my first mentor summit as it was a memorable and eye-opening experience and I regret that I’d missed out on attending all the years before. Here’s a few reflections on the event and my hope that all of our mentors get the chance to experience the mentor summit for the first time as well.
Overall the event was unforgettable in that it was incredible to see how passionate so many individuals and organizations were about open source, to witness firsthand the breadth and diversity of the many GSOC projects, and to see firsthand how much impact GSOC has had over the years.
We are recognizing Naman Dwivedi, one of our recent GSOC interns who excelled in his project and has continued to contribute extensively since the summer concluded. From the start, we had heard great things about Naman and he delivered beyond our highest expectations; despite not having full clarity around requirements during the summer he was able to build an entire mobile wallet framework architecture using the Android Clean Architecture approach and two well-designed apps powered by that framework, PixieCollect and MifosPay. Apart from being an Android wiz, Naman is always available, extremely patient, very thorough, and has a strong grasp of the business requirements and strategic importance of the applications he’s building. Since GSOC concluded, Naman has been actively maintaining his codebases, assisting with QA, and assisting in a strategy to help bring these solutions like PixieCollect to market. We look forward to leveraging the gifts and talents of Naman for many eyars to come.
Digital credit is the next great frontier for financial inclusion as mobile money coupled with big data analytics is offering unprecedented access to credit.
This round of the Fintech Forum looks at three recent articles that herald the scale, potential, and impact of digital credit but caution against the risks it poses to the consumer as well as the risk of unfettered growth leading us to another credit crisis and looming bubble.
There are numerous opportunities to leverage open standards and open platforms to enable more tailored product innovation, greater access and control of data to consumers, as well as better transparency. Already, a number of innovative fintech companies like Mines.io and RuPie are heeding our motto of Build Apps, Not Infrastructure using Mifos X and Apache Fineract as the banking core to power their digital credit solutions.
Another year, another great Google Summer of Code program for us here at the Mifos Initiative. This year we worked with our biggest class of interns yet – 12 Mifos Initiative interns and 3 Apache Fineract interns who worked tirelessly on their projects and produced amazing results. This post will showcase the outstanding work they did with the community and part 2 of our official GSOC Wrap-up will focus on their reflections on their journey throughout Google Summer of Code.
While the majority of our projects centered on Generation 2 of Mifos which will only in production for the next couple of years, the approaches, designs, and requirements we’ve worked on for each project can be carried over to Generation 3 of Mifos (Apache Fineract CN) so we can rapidly build out these same apps and features on the new microservices architecture.
Before we take a closer look at the results of the summer, we want to first off thank everyone who made Google Summer of Code another successful year.
Google Open Source Programs Office
First off we want to once again thank the Google Open Source Programs office for giving us the opportunity once again to introduce students to open source and as they help us fight poverty with technology-enabled financial inclusion. It was a pleasure meeting up with Cat, Stephanie, Mary, Josh and Helen at OSCON as well as at the GCI grand prize trip earlier this year. The entire team is always so responsive and do such an awesome job coordinating so many moving pieces to make GSOC a success. We look forward to participating in GCI and GSOC for many years to come!
A big shout and thank you goes out to our mentors who are the key to the success of Google Summer of Code. Our mentors are the ones down in the trenches working with the students making sure they can get through any challenges they overcome. Our mentors are a guiding light to our interns as they help pass the torch onto a new generation of Mifos and Apache Fineract contributors. Thank you to our mobile development mentors – Puneet Kohli and Ishan Khanna. Thank you to our web development mentors – Gaurav Saini, Maulik Soneji, Pranjal Goswami, and Vinay Saini. Thanks to our mentors on the platform side – Avik Ganguly, Kyriakos Patsias, Nazeer Shaik, Marky Reynolds, Aleksandar Vidakovic, Dhirendra Pratap, Ayuk Etta, Antony Omeri, and Markus Geiss. A big thank you to other community members and volunteers like Rajan, Santosh, Denila, James, Sundari, Nayan, and others who made big contributions despite not being official mentors.
Last, but certainly not least, thank you to our interns from across the globe who poured their energy into their projects. What is always most rewarding is seeing how collaborative and supportive the interns are of each other helping to solve coding problems, helping with collaboration tools and just being great all-around community members. We wish them the best of luck in whatever they pursue next and look forward to their continued contributions to the Mifos Initiative. Already, despite the program being officially over, many of our interns have continued making contributions and wrapping up loose ends of their projects.