## 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. We believe in financial services for everyone,
including and especially for the unbanked and underbanked.

## Issues:
Trademark:  The project has been working to ensure that the Trademark policy
is clear and to address potential issues.

Old releases:  We are working to encourage users to migrate to more recent
versions.  Based on queries and other information, we are certain that a
number of users are remaining on older versions or heavily forked code bases.
Upgrade paths have become problematic.

We adopted a policy that only the last two releases will be listed on the main
page and supported.  All users should migrate to those. This is especially for
bug or security fixes, of which there are a few.  We may revise to include a
"stable long term release version".

## Membership Data:
Apache Fineract was founded 2017-04-19 (6 years ago, contributed by Mifos.org)
There are currently 51 committers and 23 PMC members in this project. The
Committer-to-PMC ratio is roughly 2 : 1


Community changes, past quarter: New
Committer:  Bharath Gowda New

PMC Members:  Bharath Gowda, Javier Borkenztain,
Victor Romero.

## Project Activity:
The project added a Patch Release Process.

The project released 1.8.2 and 1.7.2 on 28-November-2022, for a relatively
minor issue and partly to further test the patch release process. We released
1.8.1 and 1.7.1 as patch releases on 25-November-2022 - covering the CVE below
- which was a first test of our patch release process.

On August 22nd, the project released Fineract 1.8.0.  as covered in our last
Board report. There is active development, and a new release (1.9) is
anticipated in Q1 2023. Most of the contributions are coming in from
commercial motivated interests.

The project got a critical security vulnerability report. It was able to
deliver a patch following the Apache process and issue the CVE-2022-44635 for
the supported versions, and the community also got involved in creating
patches for earlier versions.

A more explicit Trademark policy was adopted: Fineract Trademarks Usage and
Policy.
[https://cwiki.apache.org/confluence/display/FINERACT/Fineract+Trademarks+Usage+and+Policy].
 We communicated out the trademark policy on dev.

Fineract was deemed a Digital Public Good in 2022. 
[https://www.un.org/techenvoy/content/digital-public-goods]

## Community Health:

In November we conducted a Survey of the community.  We had 22 responses,
which was probably not a sufficiently diverse sample, but nonetheless, we
found useful insights.

The project continues to enjoy a generally positive impression, mostly
unchanged from surveys in 2019 and 2021.  There are a larger number of people
responding who found the project on the internet versus the connection to
Mifos.org.  The domains covered by the production users covered digital
wallets (70%), online lending (64%), payment accounts (60%),  traditional
banking accounts (58%).  --> Survey Results 2022 November.
"https://cwiki.apache.org/confluence/display/FINERACT/Survey+Results+2022+November"

In October we conducted an effort to close older issues. The decision was made
by vote to close all issues that were older than 26 months and had no activity
on them.  We ended up closing about 300 tickets but we still have a lot of
stale issues.  2022-October-21: Jira Clean Up.  This remains an area of
constructive dialog with some arguing to keep stale tickets visible.

We began work on additional roadmap thinking in 2022, but have not completed
this effort:  Roadmap Q4 2022 (PROPOSED)
"https://cwiki.apache.org/confluence/display/FINERACT/Fineract+Trademarks+Usage+and+Policy"

ApacheCON track PMC Chair  James Dailey 

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