The Mifos Initiative and its global community can help the Base of the Pyramid absorb the severe economic shock of the pandemic through the innovation of inclusive fintech enabling the rapid delivery of G2P benefits, flexible and streamlined operations, and an accelerated transformation towards digital payments and branchless channels.
We provide an end to end open source banking architecture consisting of Open Building Blocks for digital financial services including composable and reusable components built as microservices, accessible via APIs, and deployed onto reference mobile apps.
Mifos can enable the rapid deployment of bank accounts across an entire country providing a modern, cost-effective, and highly connected banking infrastructure to reach the underbanked.
Opening these accounts and disbursing benefits is just the beginning as our digital financial services platform provides the foundation for a thriving FinTech ecosystem delivering innovative financial services. Each individual can be reached through a single point of integration via Open APIs.
Mifos Community in Action
Across our global community, our Mifos partners have been nimbly able to help the fintechs and financial institutions they support respond to the challenges of their customers by leveraging the configurability, extensibility, and ability to extend the Mifos codebase and data model.