Fineract showcases how open-source collaboration between for-profit and non-profit organizations can transform Asia’s fintech landscape, offering a scalable, inclusive alternative to costly core banking solutions.

The Apache Fineract ecosystem, born from Mifos X’s backend, powers financial inclusion for over 6 million clients across 36 countries. This lightning talk showcases how a global community of for-profit and non-profit organizations collaborates on Fineract, an open-source banking platform rivaling Temenos and Oracle Flexcube. With over 59 partners across 17 regions—spanning Africa, Asia, the Americas, and beyond—the ecosystem blends commercial scalability with social impact. For-profits like BaaSFlow deliver cloud-hosted solutions for neobanks, while non-profits like the Mifos Initiative drive open-source contributions via volunteers and Google Summer of Code. Learn how Fineract’s API-driven architecture and modular design enable rapid innovation, serving 2 billion unbanked with cost-effective, extensible financial services.

Asian Leadership: 38 partners, including Conflux Technologies (India), Habile Technologies (India), and Southeast Asian innovators, serve microfinance, SACCOs, and neobanks across India, China, the Philippines, and beyond.

For-Profit Innovation: Asian companies customize Fineract for scalable, cost-effective solutions, integrating with mobile apps and DPI like India’s UPI, competing with proprietary systems.

Non-Profit Impact: IFTAS and the Mifos Initiative ensure accessibility for underserved communities, with Asian volunteers driving open-source contributions via GitHub.

Regional Fit: Fineract’s modular design supports Asia’s mobile-first, price-sensitive markets, addressing the needs of 2 billion unbanked.

Call to Action: Engage with Fineract’s community to develop, deploy, or support open-source fintech for Asia’s digital future.

Speakers:

Terence Monteiro: Apache Fineract PMC and Entrepreneur behind SanJose Solutions and Consultant

Terence Monteiro is a seasoned technology entrepreneur with over 21 years of experience, known for building impactful, community-driven open-source projects. A pioneer in inclusive digital solutions, he has contributed to projects like Mifos, Microsoft Open Technologies, and CPAN, and currently serves on the PMC of Apache Fineract. His work bridges technical expertise with social impact, particularly in accessible fintech tools and scalable mobile banking solutions across the globe.