## Description:
Apache Fineract (\’fīn-,ә-,rakt\) is an open source system for core banking as
a platform. 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.

## Issues:
There are no issues requiring board attention at this time.

## Membership Data:
Apache Fineract was founded 2017-04-18 (~3 years ago) There are currently 36
committers and 18 PMC members in this project. The Committer-to-PMC ratio is
roughly 2:1.

Community changes, past quarter:
- No changes

## Project Activity:

The Fineract community maintains two active projects.

Fineract 1.x - Current generation product which is widely used.


Fineract-CN - Next Generation framework which is still under active
development and has not been officially released


- Fineract 1.x

The 1.4 release is still pending as the community is working to find volunteer release managers and maintainers to help cut the release. The community is anticipating a number of significant contributions for the 1.5 release so would like to urgently get the 1.4 release shipped. 

Several intern candidates are being evaluated for projects related to hardening of the codebase, upgrading of core dependencies. 

PMC members, Awasum Yannick and Michael Vorburger are continuing to do timely reviews of pull requests being submitted. 


- Fineract-CN

There is growing momentum around Fineract-CN with individuals from several organizations looking to contribute back features and enhancements for the deployments and ongoing projects. The current focus and aim of the committers around Fineract CN is to identify the minimum set of mature and stable libraries needed to establish a foundational framework, a minimum set of functionality that can demonstrate an end to end solution on top of the framework and sufficient DevOps tooling and scripts to more easily deploy the framework. 

Work is still ongoing to get the public demo server live. GSOC projects related to live API documentation  as well as additional UIs on top of Fineract CN are being explored. Work is ongoing to provide an Open Banking API layer on top of Fineract CN to all third party and trusted first-party apps to securely connect. 


## Community Health:

Both projects continue to remain healthy with 425 mails sent to our dev
mailing list, which amounts to a minor seasonal (~4%) decrease in traffic
compared to the previous quarter.

Activity rates on Jira also remain stable

- Fineract 1.X
- 50 JIRA tickets created in the last 3 months (24 in the previous quarter)
- 26 JIRA tickets closed/resolved in the last 3 months (22 in the previous
quarter)

- Fineract CN
- 29 JIRA tickets created in the last 3 months (15 in the previous quarter)
- 3 JIRA tickets closed/resolved in the last 3 months (39 in the previous
quarter)

Community members, Javier Borkenztain and Edward Cable, are working the ApacheCon committee to plan out a Fineract track for ApacheCon North America. 

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