Video from James Dailey’s talk at FinDEVr is now live. Watch his invigorating talk on using the Mifos X open technology platform to bring financial services to the 4 Billion underbanked worldwide. We’re helping financial innovators deliver banking as a service in the cloud and via mobile devices. For full details, see our page on the Finovate website and James’ blog from the event.
The core team and community have been hard at work at continuing to broaden the functionality of Mifos X and make the platform more extensible for our ecosystem of partners. This release delivers on some must-have financial and accounting features with support for perodic accrual accounting with point-in-time accruals, true declining balance with interest recalculation with support for configurable rest periods and compounding settings, the ability to pre-pay loans, bulk JLG loan applications, and a whole range of usability enhancements. On the architectural side, we’ve built out a WebHooks framework with a proof-of-concept Twilio SMS integration, shipped our Batch APIs for improved performance, and an Executable WAR for quick installation of Mifos X. Download Mifos X 1.25 now or request a trial instance to try it out for your organization. Read more
We’re recognizing Markus Geiß as our Star Contributor. He’s a one-of-a-kind volunteer that stepped right in and immediately became a tight-knit member of the community. In the brief 6 months he’s been here, he’s become a dedicated mentor, a sage architect, a proficient contributor, a respected committer, and most importantly a trusted friend. Join us in congratulating Markus who was also recently recognized by Social Coding 4 Good as their Featured Contributor (pictured in his now famous flower photo from back in the day).
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Join nearly 208 million credit union members in 103 countries who recognize and celebrate the credit union difference by taking a moment to reflect on the financial co-operatives history and to ponder its achievements.
International Credit Union (ICU) Day® has been celebrated on the third Thursday of October since 1948. The day is recognized to honor those who have dedicated their lives to financial inclusion, recognize the hard work of those working in the credit union / SACCO / Co-Operative community and show members appreciation.
This year’s ICU Day will take place on Oct. 16, 2014. Its theme, “Local Service. Global Good,” emphasizes credit unions’ positive impact in their communities and around the world.
It’s been just over a month since the 2014 Google Summer of Code program has officially concluded so now that things have settled down it’s due time to recognize our fantastic students, their dedicated mentors, and their long-lasting contributions they have made to the community. Each of our students excelled in their projects and have cemented themselves as anchors in the community, eager to contribute more code and continuing as they’ve done this summer. A huge thank you to Google for allowing us to be a part of GSOC – Carol, Cat, and company have done a remarkable job with the program in its tenth year.
We are proud to take the stage as a bronze sponsor at FinDEVr San Francisco this week. Billed as the First Event for Fintech Developers, we’re eager to showcase our game-changing Mifos X platform to the world’s leading players in the fintech space like MasterCard, Visa, and Paypal. Organized by the Finovate Group, “for the first time, FinDEVr will gather together hundreds of the builders – devs, software architects, CTOs, VPs of engineering – that are forging the future of financial, banking and payments technology in a single place.”
We are excited to open their eyes, likely for the first time as well, to the massive opportunity there is to bring financial service to the 2.5 Billlion Unbanked at the Base of the Pyramid. James Dailey will be on the main stage on Day 1 to give a talk introducing our Mifos X platform, and the innovative new business models that our a modern componentized API-driven architecture enables. As the world’s one true open platform for financial inclusion, we give innovators the power to build mobile and cloud-based solutions that scale and respond directly to the rapidly evolving needs of clients worldwide.
Video from Vishwas’ talk on AngularJS at the 2014 OSCON in Portland has now been uploaded. For more on Vishwas’ talk and our booth educating the open source world on technology for financial inclusion, see our OSCON blog post.
I am honored and excited to join the Mifos team as the Director of Strategic Initiatives. The primary charge of this position is to assist the Mifos Community to deliver on its mission to speed the elimination of poverty by coordinating a global community that uses Mifos X to deliver responsible financial services to the world’s 2.5 billion poor and unbanked. To help achieve this mission, I will reach out to the global financial co-operatives for support, will coordinate the efforts of end user documentation and will coordinate the volunteer efforts of non-technical volunteers.
We’re excited to be hosting our third annual summit and coming to Africa for the first time. Raj Jain and the team at Yako Microfinance will welcome us to Kampala, Uganda for our annual gathering to unite our community across the world who are using, supporting, and building the Mifos X platform to advance technology-enabled financial inclusion. Once again our summit will be four days long from October 14 to October 17.
Apart from the opportunity to network and connect with fellow community members, this year will have an even larger focus on hands-on training for partners and users, collaborative tech sessions for contributors, & educational sessions led by external experts from the fin-tech & financial inclusion sector.
As we look to stimulate and grow our East African community, one entire day of the summit will be focused on building awareness of Mifos X for the local East Africa region including an Expo Hall for our partners to showcase their solutions to local and regional financial institutions.
