(aka Fineract Cloud Native, aka Mifos I/O, aka Fineract 2.0)

Executive Summary

With the rise of mobile devices and fast access to any type of data, consumers are moving away from locked-in solutions and to open and fast continuous innovation. We need to build systems that allow continuous innovation for any vendor to serve the needs of their customer. The sheer number of user transactions requires a solution that is ephemeral, scalable, and agile. This solution needs to

• run in the cloud, 
• support any client device, and 
• connect to legacy data and processes via APIs.

This change of paradigms implies a cultural change within any organization. It is about right-sizing digital innovation and focusing on cycle time optimization. It is important to continuously deliver innovations, while lowering the impact of delivering new features on the overall solution. This can only be solved when boundaries are removed, bringing development and operations close together, allowing them to collaborate for the good of the user. To keep continuous innovation agile and focused, small teams with faster tools are needed to build solutions instead of fighting over responsibilities.

This has led us to the conclusion that the time has come to create a cloud-native, service-oriented framework to build digital financial services.