...

Savings secured loans – this feature looks as though it is well fleshed out in the jira and is in development.  It is expected to ship in xx release.

Variable rate loans.  This may be somewhat tied to the above Automatic Rate Adjustments.  Specifications for this need to be written.

Loan Product Configuration

...

• Mobile Field Tools & Processes
• Continue the development of Android app.  According to the Gates Foundation, “In wealthier countries, people conduct most of their financial activities in digital form, and value is stored virtually and transferred instantaneously. The global revolution in mobile communications, along with rapid advances in digital payment systems, is creating opportunities to connect poor households to affordable and reliable financial tools through mobile phones and other digital interfaces.  In fact, research has shown that the most effective way to significantly expand poor people’s access to formal financial services is through digital means. In addition to cost savings, digital financial services offer a wide array of benefits:
• Mobile Financial Services and Products (Micro-savings)
• Mobile Payments, Transfers, and Remittances (M-Pesa)
• Mobile Delivery Channels (Agents & Correspondents)

...

Reporting & Business Intelligence

Accounting & Financial Control

Internal Control/Audit Features.  There are a few best practice features that need to be spec’d out and put into the development flow.  These include:  Locking employee out of transacting on their personal account and family relationship accounts; logging unsuccessful sign on attempts; allowing user to log on at multiple locations simultaneously (e.g. 3PCs in office, can log on to all three); generating report of supervisory overrides; for those FIs with multiple branches, system should flag “branch hopping” or multiple transactions at different locations; 

Cash Management.  The system must be able to track teller cash, vault cash, branch cash and organization cash.  Cash must be able to be balanced (reconciled) every working day and be assigned to individual system users.  The organization’s cash must be reconciled to the monthly bank statement.  This enhancement is currently in development and is expected to ship in xxx release.

...

Off Balance Sheet Collateral tracking has been requested as a system feature.  This is useful to those organizations that use gold or investment instruments as collateral for loans. 

Check Management & Printing.  This will require system enhancement to keep track of checks printed and track the numbers.  This has not come up as a client requirement and will remain low on the enhancement priority list.  

Business Process and Rules

Client Approval & Processes

Entity Management

Security

...

Authorization (Permissioning)

Audit

Usability & Navigation (Accessibility)

In-app help.   This is a good volunteer opportunity to build tool-tips and content-sensitive help within MIFOS X.  The help can point to existing user documentation.

Bulk Processes

Off-line (store and forward)

Deployment