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Apache Fineract (\’fīn-,ǝ-ˌrakt\) is an open source system for core banking as a platform. Fineract provides a reliable, robust, and affordable solution for entrepreneurs, financial institutions, and service providers to offer financial services to the world’s 2 billion underbanked and unbanked.

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  1. Another fineract'er has said: 

    Fineract is the Generation 2 architecture developed by the Mifos Initiative
    and donated to Apache which provides an open-API based core banking
    platform for financial inclusion. It's mature and stable with a robust
    feature set for microfinance, SACCOs, and more. It has multi-tenancy to
    enable economies of scale through a shared application instance and
    separate tenant databases for each financial insitution. Fineract just
    contains the back-end platform and APIs. If you need a reference UI you can
    download the Mifos X distribution which contains an AngularJS web app,
    reporting through Pentaho and there also client and staff-facing mobile
    Fineract CN is the Generation 3 architecture which aims to provide a
    cloud-native microservices based architecture to help provide the community
    future-proof application framework for digital financial services. As
    partners on Fineract reached scalability bottlenecks or developed purely
    digital-first applications and services, they needed a modular and scalable
    architecture that wasn't possible through the monolithic application that
    is Fineract.