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What is this?
Fineract 1.X is a mature platform with open APIs, it can be deployed in any environment: digital cloud, hardware, or on mobile or PC front-ends. It provides customer data management, loan and savings portfolio management, bank reconciliation, integrated real-time accounting, and social and financial reporting.
Why was it developed?
Offer an open-source alternative that allows banks to save millions since a digital platform would not be developed since this alternative is sufficiently adaptable and customizable for any type of system that is managed. With this, efficiency is greater because updates and maintenance for the server are more frequent.
Why are we sharing it?
It offers quality service to companies seeking digitization and that have not had optimal banking services. It is flexible both for the implementation and the configuration of products; it supports offline user interface, and it is an open source high performance, and reliable system.
Have you reused or are you thinking about reusing this tool?
Email us at email@example.com and request an exclusive “tool reuse badge” from the IDB.