Open Source Banking: End Poverty One Line of Code at a Time
summary
Open source core banking software (Mifos) claims to have reached 10 million individuals via an API-driven platform that began as a web MIS in 2006, added APIs in 2013, and now ships a cloud-native microservices generation as an Apache top-level project. Partners run hosted cores and mobile wallets — one partner serves ~600,000 clients, another wallet reaches ~2 million — local providers deploy and support systems in places like Sierra Leone while aiming to scale to 3 billion underbanked.
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chapters (7)
- 0:00Start
- 0:06How Open Source Banking Is Playing a Key Role in Helping To End Global Poverty
- 1:46Poll of the Audience
- 4:04Rates of Extreme Poverty
- 10:38What Does Open Source Banking Really Look like
- 11:15First Open Source Api Driven Platform for Financial Inclusion
- 12:35The Open Source Business Models
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