The Mifos Initiative is the open source developer community that builds and guides the world’s first open source financial services platform, reaching more than 3.5 million account holders worldwide. We are a flourishing ecosystem of fifty development partners, global volunteers, and Silicon Valley corporate sponsors that builds and supports fin-tech solutions for more than 120 financial institutions in forty different countries. Each year, 80M transactions and $791M dollars flows through our platform. Our next generation is LibreFinance, an open source application framework for digital financial services, that will catalyze a new era of digital, interoperable, financial services.
LibreFinance – Rapid Application Development for Digital Financial Services
We will present the architectural concept of LibreFinance, an Open Source Application Framework for digital financial services, highlighting the two main use cases: Account Management and Transaction Interoperability. LibreFinance offers a set of lightweight, scalable, and value added components to create consumer focused digital financial services solutions without the need to build common features and infrastructure again and again. Components are available to allow easy integration in every scenario, from a generic integration (e.g. Security, Accounting), via specialized modules (e.g. Tiered KYC, FARM, Transaction Processing), to fully integrated solutions.
What You’ll Learn
- Rapid application development using an open source application framework specifically designed to meet the needs of digital financial services (DFS)
- The essential DFS use cases should be delivered as value-added, lightweight, service-oriented, scalable open-source components
- Don’t waste time and money on the infrastructure. Keep focus on customers, products, UX, marketplace agility and go-to-market strategy
Markus Geiss, CTO & Chief Architect