Mifos and DSTI launch OpenG2P

Cross-posted from the DSTI Blog on November 18, 2020: 

The UN-based Digital Public Goods Alliance adds OpenG2P as a digital public good in alignment with the Digital Public Goods Standard.   Bootstrapped by a dynamic group of innovators at the Directorate of Science, Technology and Innovation (DSTI), Government of Sierra Leone, “OpenG2P” emerged out of the 2014-2016 Sierra Leone Ebola Payments Program, and is developed as a set of open-source building blocks to help Governments worldwide digitize their social protection programs.

In today’s Covid-19 pandemic, accelerating cash transfers is the single most important response to getting assistance in the hands of frontline workers and vulnerable groups in a timely and transparent manner.  However, many governments across the world are hampered by limited interoperability within their nascent digital infrastructures such as identity, payment ecosystem, and social protection enrollment systems. OpenG2P creates a framework to digitize cash transfer programs through a set of open source, free to use, digital solutions that build on existing infrastructures to address country-specific gaps.

Dr. David Sengeh, Chief Innovation Officer of DSTI and one of the architects of OpenG2P said; “Mobilizing cash transfers and payment of beneficiaries through digital bank accounts and mobile wallets is not the singular magic potion that solves governments’ Covid-19-related social protection challenges. But it is a critical step to ensuring that the right people get the resources they need in a transparent way. This is why today we are proud to be recognized for our work within government and the entrepreneurial ecosystem.”

The ultimate goal of OpenG2P is to provide a seamless solution that helps governments increase the efficacy of their economic relief, maximize choice for their citizens, and improve financial inclusion while protecting their right to data privacy and informed consent.

“These complexities around implementation will be solved by building a collaborative cross-sectoral ecosystem that can continually verify, enroll and pay with improved transparency, accountability, and choice for citizens,” said Mr Salton Massally who is the technical lead and architect of OpenG2P.

OpenG2P is also selected as one of the 7 key projects along with MojaLoop, Mifos, and MOSIP by the Alliance’s Financial Inclusion Community of Practice to help advance the Secretary General’s digital cooperation roadmap to achieve greater financial inclusion and meet the sustainable development goals by 2030. As such, Paul Maritz, a seasoned early stage open source investor, will provide catalytic co-funding for the reference implementation of OpenG2P in Sierra Leone through the Digital Inclusion Foundation.

DSTI collaborated with key partners Mifos, DIAL and iDT Labs on OpenG2P through voluntary non-financial contributions of James Dailey and Ed Cable of Mifos, Salton Massally and Keyzom Ngodup Massally as independent advisors.

 

 

Mifos Recognized as 2020 Benzinga Fintech Listmaker for Best API

Mifos, the global fintech thought leader and pioneer of innovative open source banking technology for consumer financial services, has been recognized as a 2020 Benzinga Global Fintech Listmaker for Best API.

The official Benzinga Fintech Listmakers comprises 250 carefully vetted and renowned companies and executives who are striving to revolutionize the fintech industry. From deeply established companies to the newest startups, this group is impacting sectors like payments, banking, investing, technology and financial literacy.

Mifos originated the concept of Open Source Banking through a core banking platform that is open source from the ground up with a full set of APIs to build from. As the DNA of financial services that can be expressed in many ways, Mifos and Apache Fineract provide a set of open source building blocks that can be composed into financial services of any form. Read more