Mifos Initiative has been accepted as a mentoring org for GSOC 2022.
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Mifos has been accepted as a mentor organization for the 2022 Google Summer of Code. Please engage with the community via our mailing lists, slack, and gitter. Stay tuned for ongoing changes and refinement to our list of ideas and mentors. |
Get Stoked - End Poverty. One Line of Code at a Time.
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Mentors | |
Length | Large - 350 hours |
Category | Mobile/Platform |
Overview & Objectives | Across our ecosystem we're seeing more and more adoption and innovation from fintechs. A huge democratizing force across the financial services sector is the Open Banking movement providing Open Banking APIs to enable third parties to directly interact with customers of financial institutions. We have recently started providing an Open Banking API layer that will allow financial institutions using Mifos and Fineract to offer third parties access to requesting account information and initiating payments via these APIs. Most recently the Mojaloop community, led by Google, has led the development of a centralized PISP API. We have chosen to the folow the comprehensive UIk Open Banking API standard which is being followed and adopted by a number of countriues through Sub-Saharan Africa and Latin America. Tremendous impact can be had at the Base of the Pyramid by enabling third parties to establish consent with customers authorize transactions to be initiated or information to be accessed from accounts at their financial institution. This Open Banking API layer would enable any instituion using Mifos or Fineract to provide a UK Open Banking API layer to third parties and fintechs. The API Gateway to connect to is still being chosen (WS02, Gravitee, etc.) |
Description | The APIS that are consumed by the mobile banking applications have been documented in the spreadsheet below. The APIs have also been categorized according to whether they are an existing self-service API or back-office API and if they have an equivalent Open Banking API and if so, a link to the corresponding Open Banking API. For each API with an equivalent Open Banking API, the interns must: Take rest api, upload swagger definition, do transformation in OpenBanking Adapter, and publish on API gateway. For back-office and/or self-service APIs with no equivalent Open Banking API, the process is: Take rest api, upload swagger definition, and publish on API gateway. For example:
Sample APIs to be Documented ------------------------------------------- Mifos Mobile API Matrix (completed by Ashwin) https://docs.google.com/spreadsheets/d/1gR84jZzLF-mM0iRw5JyeMAsHMK6RQPK0vyDmNAY9VhE/edit#gid=0 MIfos Mobile API Matrix (completed by Shivangi) https://docs.google.com/spreadsheets/d/1exTv68v1IW_ygS7mSj0_ySFWGTj06NcxPZeNLjNIy6Y/edit?pli=1#gid=0 |
Helpful Skills | Android development, SQL, Java, Javascript, Git, Spring, OpenJPA, Rest, Kotlin, Gravitee, WSO2 |
Impact | By providing a standard UK Open Banking API layer we can provide both a secure way for our trusted first party apps to allow customers to autheniticate and access their accounts as well as an API layer for third party fintechs to securely access FIneract and request information or initiate transactions with the consent of customers. |
Other Resources | CGAP Research on Open Banking: https://www.cgap.org/research/publication/open-banking-how-design-financial-inclusion Docs: https://mifos.gitbook.io/docs/wso2-1/setup-openbanking-apis Self-Service APIs: https://demo.mifos.io/api-docs/apiLive.htm#selfbasicauth Open Banking Adapter: https://github.com/openMF/openbanking-adapte
Reference Open Banking Fintech App: Google Whitepaper on 3PPI: https://static.googleusercontent.com/media/nextbillionusers.google/en//tools/3PPI-2021-whitepaper.pdf UK Open Banking API Standard: https://standards.openbanking.org.uk/ Open Banking Developer Zone: https://openbanking.atlassian.net/wiki/spaces/DZ/overview Examples of Open Banking Apps: https://www.ft.com/content/a5f0af78-133e-11e9-a581-4ff78404524e |
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Mentors | |
Length | Large - 350 hours |
Category | Mobile/Platform | Exploratory |
Overview & Objectives | Across our ecosystem we're seeing more and more adoption and innovation from fintechs. A huge democratizing force across the financial services sector is the Open Banking movement providing Open Banking APIs to enable third parties to directly interact with customers of financial institutions. We have recently started providing an Open Banking API layer that will allow financial institutions using Mifos and Fineract to offer third parties access to requesting account information and initiating payments via these APIs. Most recently the Mojaloop community, led by Google, has led the development of a centralized PISP API. We have chosen to the folow the comprehensive UIk Open Banking API standard which is being followed and adopted by a number of countriues through Sub-Saharan Africa and Latin America. Tremendous impact can be had at the Base of the Pyramid by enabling third parties to establish consent with customers authorize transactions to be initiated or information to be accessed from accounts at their financial institution. This Open Banking API layer would enable any instituion using Mifos or Fineract to provide a UK Open Banking API layer to third parties and fintechs. The API Gateway to connect to is still being chosen (WS02, Gravitee, etc.) |
Description | This project focues on Mifos Mobile CN, our mobile banking app on top of Fineract CN - no self-servcie APIs exist yet, only back-office ones. The APIs that are consumed by the mobile banking applications have been documented in the spreadsheet below. The APIs have also been categorized according to whether they are an existing self-service API or back-office API and if they have an equivalent Open Banking API and if so, a link to the corresponding Open Banking API. For each API with an equivalent Open Banking API, the interns must: Take rest api, upload swagger definition, do transformation in Open Banking Adapter, and publish on API gateway. For back-office and/or self-service APIs with no equivalent Open Banking API, the process is: Take rest api, upload swagger definition, and publish on API gateway. For example:
Sample APIs to be Documented ------------------------------------------- Mifos Mobile CN API Matrix (completed by Garvit) https://docs.google.com/spreadsheets/d/1-HrfPKhh1kO7ojK15Ylf6uzejQmaz72eXf5MzCBCE3M/edit#gid=0 https://docs.google.com/document/d/15LbxVoQQRoa4uU7QiV7FpJFVjkyyNb9_HJwFvS47O4I/edit?pli=1# Mobile Wallet API Matrix (completed by Devansh) https://docs.google.com/spreadsheets/d/1VgpIwN2JsljWWytk_Qb49kKzmWvwh6xa1oRgMNIAv3g/edit#gid=0 |
Helpful Skills | Android development, SQL, Java, Javascript, Git, Spring, OpenJPA, Rest, Kotlin, Gravitee, WSO2 |
Impact | By providing a standard UK Open Banking API layer we can provide both a secure way for our trusted first party apps to allow customers to autheniticate and access their accounts as well as an API layer for third party fintechs to securely access FIneract and request information or initiate transactions with the consent of customers. |
Other Resources | CGAP Research on Open Banking: https://www.cgap.org/research/publication/open-banking-how-design-financial-inclusion Docs: https://mifos.gitbook.io/docs/wso2-1/setup-openbanking-apis Self-Service APIs: https://demo.mifos.io/api-docs/apiLive.htm#selfbasicauth Open Banking Adapter: https://github.com/openMF/openbanking-adapte
Reference Open Banking Fintech App: Google Whitepaper on 3PPI: https://static.googleusercontent.com/media/nextbillionusers.google/en//tools/3PPI-2021-whitepaper.pdf UK Open Banking API Standard: https://standards.openbanking.org.uk/ Open Banking Developer Zone: https://openbanking.atlassian.net/wiki/spaces/DZ/overview Examples of Open Banking Apps: https://www.ft.com/content/a5f0af78-133e-11e9-a581-4ff78404524e |
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Mentors | |
Category | Mobile/Platform |
Overview & Objectives | Across our ecosystem we're seeing more and more adoption and innovation from fintechs. A huge democratizing force across the financial services sector is the Open Banking movement providing Open Banking APIs to enable third parties to directly interact with customers of financial institutions. We have recently started providing an Open Banking API layer that will allow financial institutions using Mifos and Fineract to offer third parties access to requesting account information and initiating payments via these APIs. Most recently the Mojaloop community, led by Google, has led the development of a centralized PISP API. We have chosen to the folow the comprehensive UIk Open Banking API standard which is being followed and adopted by a number of countriues through Sub-Saharan Africa and Latin America. Tremendous impact can be had at the Base of the Pyramid by enabling third parties to establish consent with customers authorize transactions to be initiated or information to be accessed from accounts at their financial institution. This Open Banking API layer would enable any instituion using Mifos or Fineract to provide a UK Open Banking API layer to third parties and fintechs. The API Gateway to connect to is still being chosen (WS02, Gravitee, etc.) |
Description | This project focues on Mifos Mobile CN, our mobile banking app on top of Fineract CN - no self-servcie APIs exist yet, only back-office ones. The APIs that are consumed by the mobile banking applications have been documented in the spreadsheet below. The APIs have also been categorized according to whether they are an existing self-service API or back-office API and if they have an equivalent Open Banking API and if so, a link to the corresponding Open Banking API. For each API with an equivalent Open Banking API, the interns must: Take rest api, upload swagger definition, do transformation in Open Banking Adapter, and publish on API gateway. For back-office and/or self-service APIs with no equivalent Open Banking API, the process is: Take rest api, upload swagger definition, and publish on API gateway. For example:
Sample APIs to be Documented Mobile Wallet API Matrix (completed by Devansh) https://docs.google.com/spreadsheets/d/1VgpIwN2JsljWWytk_Qb49kKzmWvwh6xa1oRgMNIAv3g/edit#gid=0 |
Helpful Skills | Android development, SQL, Java, Javascript, Git, Spring, OpenJPA, Rest, Kotlin, Gravitee, WSO2 |
Impact | By providing a standard UK Open Banking API layer we can provide both a secure way for our trusted first party apps to allow customers to autheniticate and access their accounts as well as an API layer for third party fintechs to securely access FIneract and request information or initiate transactions with the consent of customers. |
Other Resources | CGAP Research on Open Banking: https://www.cgap.org/research/publication/open-banking-how-design-financial-inclusion Docs: https://mifos.gitbook.io/docs/wso2-1/setup-openbanking-apis Self-Service APIs: https://demo.mifos.io/api-docs/apiLive.htm#selfbasicauth Open Banking Adapter: https://github.com/openMF/openbanking-adapte
Reference Open Banking Fintech App: Google Whitepaper on 3PPI: https://static.googleusercontent.com/media/nextbillionusers.google/en//tools/3PPI-2021-whitepaper.pdf UK Open Banking API Standard: https://standards.openbanking.org.uk/ Open Banking Developer Zone: https://openbanking.atlassian.net/wiki/spaces/DZ/overview Examples of Open Banking Apps: https://www.ft.com/content/a5f0af78-133e-11e9-a581-4ff78404524e |
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Mentors | |
Category | Mobile/Platform |
Overview & Objectives | Across our ecosystem we're seeing more and more adoption and innovation from fintechs. A huge democratizing force across the financial services sector is the Open Banking movement providing Open Banking APIs to enable third parties to directly interact with customers of financial institutions. We have recently started providing an Open Banking API layer that will allow financial institutions using Mifos and Fineract to offer third parties access to requesting account information and initiating payments via these APIs. Most recently the Mojaloop community, led by Google, has led the development of a centralized PISP API. We have chosen to the folow the comprehensive UIk Open Banking API standard which is being followed and adopted by a number of countriues through Sub-Saharan Africa and Latin America. Tremendous impact can be had at the Base of the Pyramid by enabling third parties to establish consent with customers authorize transactions to be initiated or information to be accessed from accounts at their financial institution. This Open Banking API layer would enable any instituion using Mifos or Fineract to provide a UK Open Banking API layer to third parties and fintechs. The API Gateway to connect to is still being chosen (WS02, Gravitee, etc.) |
Description | This project focues on Mifos Mobile CN, our mobile banking app on top of Fineract CN - no self-servcie APIs exist yet, only back-office ones. The APIs that are consumed by the mobile banking applications have been documented in the spreadsheet below. The APIs have also been categorized according to whether they are an existing self-service API or back-office API and if they have an equivalent Open Banking API and if so, a link to the corresponding Open Banking API. For each API with an equivalent Open Banking API, the interns must: Take rest api, upload swagger definition, do transformation in OpenBanking Adapter, and publish on API gateway. For back-office and/or self-service APIs with no equivalent Open Banking API, the process is: Take rest api, upload swagger definition, and publish on API gateway. For example:
Sample APIs to be Documented These are for the mobile banking app but they effectively provide the same functionality. Mifos Mobile API Matrix (completed by Ashwin) https://docs.google.com/spreadsheets/d/1gR84jZzLF-mM0iRw5JyeMAsHMK6RQPK0vyDmNAY9VhE/edit#gid=0 MIfos Mobile API Matrix (completed by Shivangi) https://docs.google.com/spreadsheets/d/1exTv68v1IW_ygS7mSj0_ySFWGTj06NcxPZeNLjNIy6Y/edit?pli=1#gid=0 |
Helpful Skills | Android development, SQL, Java, Javascript, Git, Spring, OpenJPA, Rest, Kotlin, Gravitee, WSO2, Angular |
Impact | By providing a standard UK Open Banking API layer we can provide both a secure way for our trusted first party apps to allow customers to autheniticate and access their accounts as well as an API layer for third party fintechs to securely access FIneract and request information or initiate transactions with the consent of customers. |
Other Resources | CGAP Research on Open Banking: https://www.cgap.org/research/publication/open-banking-how-design-financial-inclusion Docs: https://mifos.gitbook.io/docs/wso2-1/setup-openbanking-apis Self-Service APIs: https://demo.mifos.io/api-docs/apiLive.htm#selfbasicauth Open Banking Adapter: https://github.com/openMF/openbanking-adapte
Reference Open Banking Fintech App: Google Whitepaper on 3PPI: https://static.googleusercontent.com/media/nextbillionusers.google/en//tools/3PPI-2021-whitepaper.pdf UK Open Banking API Standard: https://standards.openbanking.org.uk/ Open Banking Developer Zone: https://openbanking.atlassian.net/wiki/spaces/DZ/overview Examples of Open Banking Apps: https://www.ft.com/content/a5f0af78-133e-11e9-a581-4ff78404524e |
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Mentors | |
Length | Large - 350 hours |
Category | UI |
Overview & Objectives | TBD |
Description | Create a React microfrontend with latest state of the art UI components. Emphasize re-usability and speed. The current standard UI for Fineract is still the Community App which is the only one that covers 100% of the feature set. Unfortunately it’s based on AngularJs which itself is end of life and on occasions standalone libraries like jQuery were used. This makes the project hard to maintain and - apart from the occasional color change - hard to customize let alone integrate in other web applications. Developers should be able to pick any number of standalone components and integrate them in custom UI projects (where Fineract is one among multiple backends). All Fineract UI components should be published to https://www.npmjs.com/ for easy consumption by other developers. Documentation of the project should follow latest best practices (aka “Storybook”) Tooling should help with consistency and reduce handwritten code as much as possible. Using Nx (https://nx.dev/ ) is strongly suggested. |
Helpful Skills | React, NodeJs, NPM, E2E testing, Cucumber |
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Other Resources |
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OpenG2P - Digital Identity Proof of Concept with MOSIP
Mentors | |
Length | Large - 350 hours |
Category | Platform & Modules - Digital ID, Exploratory, Bleeding Edge |
Overview & Objectives | Digital Identity is a pressing topic and for both generations of Fineract (1.x and CN), we'd like to have integration with emerging KYC and digital identity solutions. KYC (Know your customer) is a fundamental banking concept. It refers to the process of identifying a new customer at the time of account opening, in compliance with law and regulation. The identification requirements may be lower for low value accounts ("Tiered KYC"). The term is also used in connection with regulatory requirements for a provider to understand, on an ongoing basis, who their customer is and how they are using their account. Most of the banks are mandated to perform basic/extensive KYC, before they can serve their customers. Traditionally KYC is done in a centralised fashion where a central agency has the control over all the data. For example consider each bank like SBI, Deutsche, JP Morgan, etc. when creating a bank account, each of them requires a separate KYC process to be completed and all this data gets stored in their respective databases. Even the systems like Aadhar or social security number, etc. have the data stored in a central manner and maintained by the government. However, in recent times all these centralised identity servers continue to be hacked and the important and private data being stolen regularly. Omidyar Network along with Gates Foundation have developed the MOSIP project which provides an open source digital ID platform. Integration between Mifos along with Mojaloop can provide an end to end reference architecture for a digital cash transfer system built on open source digital public goods.
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Description | Integration between Mifos/Fineract and digital identity systems and KYC protocols could be deepened. This project would focus on an initial proof of concept integration with MOSIP APIs for digital identity including
Registering a client with a MOSIP-powered Digital Identity in a Fineract system and verifying that digital identity to perform transactions. |
Helpful Skills | HTML, Spring, Hibernate, REST, Java, AngularJS, Javascript, SQL, MOSIP |
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Other Resources |
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