The Quarterly report is now submitted:
https://cwiki.apache.org/confluence/display/FINERACT/2024-10+%28October%29+Fineract+
Report+to+the+ASF+Board

## Description:
At Apache Fineract®, our mission is to build, maintain and enhance a
cloud-ready core banking system for robust, scalable, and secure operations of
financial institutions. Fineract® provides a reliable, robust, and affordable
solution for entrepreneurs, financial institutions, and service providers. We
believe in financial services for everyone, including and especially for the
unbanked and underbanked. Fineract® is aimed at innovative mobile and
cloud-based solutions, and enables digital transaction accounts for all.

## Project Status:
Current project status: ongoing. Delays and difficulty in getting out a
release.

Issues for the board: In anticipation of new CRA requirements and similar, the
issues around security fixes and releases may become critical.

This project is fairly unique in the ASF in how directly and immediately it is
used by commercial entities, in direct mission critical production systems
used as interfaces with end customers.  Therefore, it will be important for
the project to establish the CRA/open source stewards checks and protocols
consistent with ASF wide policies.

## Membership Data:
Apache Fineract was founded 2017-04-18 (7 years ago) There are currently 54
committers and 24 PMC members in this project. The Committer-to-PMC ratio is
roughly 7:3 [Autogenerated. I calculate this as ~ 2: 1)

Community changes, past quarter:
- No new PMC members. Last addition was Adam Saghy on 2023-07-10.
- Kristof Jozsa was added as committer on 2024-09-24
- Marta Jankovics was added as a committer on 2024-10-10


## Project Activity:
Release 1.9 on 2024-01-12
Release 1.10.0 process was started in April 2024 but
is stalled. There are open security issues.

Recent releases:
1.7.3 was released on 2023-03-24. (Deprecated)
1.8.4 was released on 2023-03-24. (Deprecated)
1.8.3 was released on 2023-01-16. (Deprecated)


## Community Health:
The release process is too complicated and needs be streamlined.  We would
welcome and experienced ASF hand to get to a better release process.


Community activity includes an active listserv and roughly 80 Pull Requests
per quarter, largely refactoring and adding functionality around lending
capabilities.  There is a certain amount of community discussion that occurs
on the Mifos slack channels; I do remind people that bringing discussion back
to the project is vitally important.

We’ve also managed to make some formal Fineract significant improvements
projects (FSIP) a visible priority with votes to adopt them.  Votes are noted
on the wiki pages.

Fineract Significant Improvement Proposals:

FSIP-1: Modular Security Architecture. Designed. Awaiting resources.

FSIP-2 Scarf Data Tracking. Defined.  In process.  Stable.  Evaluation to come
in a few months.

FSIP-3: Continue Enhancing New Progressive Loan Module to Support
Interest-Bearing Loans .  Defined.  In process.  Major enhancements later.

FSIP-4 Cucumber Testing Framework.  Defined. In process.



On Mon, Sep 30, 2024 at 12:59 PM James Dailey <jamespdai...@gmail.com>
wrote:

> All - I will be submitting the quarterly report to the Apache Software
> Foundation (ASF) as chair of the PMC (project management committee) on Sept
> 9th.  For those unfamiliar with this, please see past reports on the wiki.
> https://cwiki.apache.org/confluence/x/AuSnAw
>
> As an ASF top level project, this is our important report, due each
> quarter.
>
> A draft is underway here =>.
> https://cwiki.apache.org/confluence/display/FINERACT/2024-10+%28October%29+Fineract+Report+to+the+ASF+Board
>
> To summarize:  We have added one committer recently and had a stream of
> contributions.  We’ve also managed to make some formal Fineract significant
> improvements projects (FSIP) a visible priority.  That said, our community
> is still struggling to fix key issues or get out a release in
> recent months.  Partly, I think the release process is too complex.  We may
> also have good progress to report out on the testing FSIP, and a goal of
> making the project easier to build.
>
>
>

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