Craig Chelius, Mifos Executive Director, had the opportunity recently to pen this piece for the European Microfinance Platform Spring Newsletter. It outlines what we think is the next path forward to help Financial Inclusion reach the 2 Billion that are still excluded from the formal financial system. Financial Inclusion 2.0 is the fast, low cost, mobile delivery of digital financial services. As an open source pioneer, we are establishing the global open standard to take the industry there.
Tag Archive for: digital financial services
We’re delighted to formally announce the new functionality that’s been made available in Mifos X over the past several release cycles culminating in the Mifos 16.01 release shipped on January 12, 2016. We’ve added major new features which expand the breadth of our loan product offerings, improve risk management and monitoring of your portfolio, and enable your clients to take control of their financial services through self-service channels.
Read on below for a glimpse into the major new features including:
- Loan Rescheduling
- Loan Loss Provisioning
- Floating interest rate loans
- Variable Installment Loans
- Self-Service APIs
- OAuth/HTTPs toggling
In case you missed our 2016 Roadmap Webinar, check it out to learn more about what’s scheduled for development in 2016. For few details on the all the bugs and enhancements from this and the 15.12 releases, view the release notes.
Many thanks go out to all the contributors who made this release possible – especially our core team, partners like Musoni Services, as well as a number of new features that were worked on by volunteers in the community.