Apache Fineract

Fineract provides a reliable, robust, and affordable solution for entrepreneurs, financial institutions, and service providers to offer financial services to the world’s 2 billion underbanked and unbanked.

Website: https://fineract.apache.org

Type of Digital Public Good

1. Is it relevant to one of the Sustainable Development Goals?

2. Does it use an appropriate open license?

Yes, this project is licensed under the following license(s):

3. Is ownership clearly defined?

Is the ownership of the project and everything that the project produces clearly defined and documented?

Yes

If yes - please link to the relevant copyright, trademarks, or ownership documentation for the project.

https://www.apache.org/legal/src-headers.html

4. Does the license of libraries/dependencies undermine the openess of the project?

Does this open project have mandatory dependencies (i.e. libraries, hardware) that create more restrictions than the original license?

No

If yes - are the open source components able to demonstrate independence from the closed component(s) and/or are there functional, open alternatives?

Not Applicable

If yes - please describe how the open source components are independent and/or list the open alternatives for the closed component:

Not Applicable

5. Is there documentation?

Does some documentation exist of the source code, use cases, and/or functional requirements. For software projects, this should be present as technical documentation that would allow a technical person unfamiliar with the project to launch and run the software. For data projects, this should be present as documentation that describes all the fields in the set, and provides context on how the data was collected and how it should be interpreted. For content, this should indicate any relevant compatible apps, software, hardware required to access the content and any instructions about how to use it.

Yes

If yes - please link to the relevant documentation:

6. Is non PII data and/or content accessible?

Does this project collect or use non-personally identifiable information (non-PII) data and/or content?

No

If yes - is there a mechanism for extracting or importing non-personally identifiable information (non-PII) from the system in a non-proprietary format?

Not Applicable

If yes - describe the mechanism for extracting or importing non-personally identifiable information from the system in a non-proprietary format:

Not Applicable

7. Does the project adhere to privacy and other applicable international and domestic laws?

Has this project taken steps to ensure adherence with relevant privacy, domestic, and international laws? For example, the General Data Protection Regulation (GDPR) in the European Union or the Supplementary Act A/SA.1/01/10 on Personal Data Protection for the Economic Community of West African States (ECOWAS) (yes/no)

Yes

If yes, please list some of relevant laws that the project complies with:

  • GDPR, PSD2, OFAC, AML, CFT

If yes, please describe the steps this project has taken to ensure adherence (include links to terms of service, privacy policy, or other relevant documentation):

Not Applicable

8. Does the project adhere to standards and best practices?

Does this project support standards? (i.e. Web Content Accessibility Guidelines (WCAG) 2.1 or other standards such as those listed on W3C)

Yes

Which standards does this project support (please list)

  • W3C, Open Banking Standards, Java Coding Standards

Can you point to evidence of your support? (i.e. please link to your validator, open test suite, etc.)

Was this project built and developed according to or in adherence with any design, technical and/or sector best practices or principles? i.e. the Principles for Digital Development?

Yes

Which principles and best practices does this project support (please list)

  • Principles for Digital Development

9. Does the project do no harm by design?

Has this project taken steps to anticipate, prevent and do no harm by design?

On the whole, does this project take steps to ensure that it anticipates, prevents and does no harm by design?

Yes

Is there any additional information you would like to share about the mechanisms, processes or policies that this project uses to avoid doing harm by design?

Our social mission is imperative to the project and as a top-level project within the Apache Software Foundation, we adhere to all the norms, governance, policies and procedures of ASF and the Apache Way
https://www.apache.org/foundation/policies/privacy.html

9.a. Data Privacy & Security

Does this project collect or store personally identifiable information (PII) data and/or content?

Yes

If yes - please list the types of data and/or content collected and/or stored by the project:

  • As a financial services core banking platform, customers that use the software collect data on their individual clients like name, date of birth, address, ID/SSN, etc.

If yes - does this project share this data and/or content with third parties?

No

Please describe the circumstances with which this project shares data and/or content with third parties. Please add links as relevant.

  • We don't.

If yes - does the project ensure the privacy and security of this data and/or content and has it taken steps to prevent adverse impacts resulting from its collection, storage and distribution.

Yes

If yes - please describe the steps, and include a link to the privacy policy and/or terms of service:

All data in the platform is highly secure and encrypted and we provide the tools in which to securely deploy the platform in the cloud or on-premise installations such that it's secured against adverse impacts related to PII.

9.b. Inappropriate & Illegal Content

Does this project collect, store or distribute content?

No

If yes - what kinds of content does this project, collect, store or distribute? (i.e. childrens books)

Not Applicable

If yes - does this project have policies that describe what is considered innappropriate content? (i.e. child sexual abuse materials)

No

If yes - please link to the relevant policy/guidelines/documentation.

Not Applicable

If yes - does this project have mechanisms for detecting and moderating innappropriate/illegal content?

No

If yes - please describe the mechanism for detecting, reporting and removing innapropriate/illegal content (Please include the average response time for assessment and/or action. Link to any policies or descriptions of how inappropriate content is handled):

Not Applicable

9.c. Protection from harassment

Does this project facilitate interactions with or between users or contributors?

Yes

If yes - does the project take steps to address the safety and security of underage users?

Yes

If yes - please describe the steps this project takes to address risk or prevent access by underage users:

  • We have a code of conduct and a PMC to oversee community interactions. When we participate in programs like Google Code-In, we follow Google norms for restricting access to PII of high-school contributors only having them share their avatar, etc.

If yes - does the project help users and contributors protect themselves against grief, abuse, and harassment?

Yes

If yes - please describe the steps taken to help users protect themselves.

Development & deployment countries

List of countries this project was developed in.

  • India
  • Kenya
  • Germany
  • Ireland
  • USA
  • Australia
  • Mexico
  • South Africa
  • Canada
  • Philippines
  • Cameroon
  • Finland
  • Switzerland
  • Uganda
  • Hungary
  • Tunisia
  • Lebanon
  • Argentina
  • Uruguay
  • Philippines
  • Sierra Leone
  • Singapore

List of countries this project is actively deployed in.

  • India
  • Mexico
  • Kenya
  • Burundi
  • Rwanda
  • Uganda
  • Ethiopia
  • Tanzania
  • South Africa
  • Namibia
  • Mozambique
  • Nigeria
  • Senegal
  • Ghana
  • Sierra Leone
  • United Kingdom
  • Germany
  • Spain
  • Philippines
  • Myanmar
  • China
  • Vietnam
  • Australia
  • Peru
  • Honduras
  • Nicaragua
  • Argentina
  • Colombia
  • Dominican Republic
  • Tunisia
  • Jordan
  • Lebanon
  • Laos
  • Vietnam
  • Singapore