THIS IS A TEST INSTANCE. ALL YOUR CHANGES WILL BE LOST!!!!
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# | Module | Title | Overview | Importance | Fineract CN support | Fineract 1.x support | Notes |
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1 | Office and staff | Manage offices | Support for creating, editing and deleting offices and their associated hierarchy | Must Have | Yes (needs QA) | Yes | |
2 | Manage staff | Ability to manage staff within offices and associate user logins with fine-grained access control to them | Must Have | Yes (needs QA) | Yes | ||
3 | Customers | Customer Management | Ability to create and manage customers along with organization specific structured data | Must Have | Yes (needs QA) | Yes | |
4 | KYC | Ability to associate KYC documents with customers | Must Have | Yes (needs QA) | Yes | ||
5 | Loans | Term Loans | Ability to create and service term loans with either - No-interest | Must Have | ??? | Yes | |
6 | Revolving credit loans | Ability to create and service revolving credit, which are conceptually similar to a credit card / overdraft account but has some form of agreed upon repayment schedule associated with it. | Should Have | ??? | No | Supporting revolving credit early on would help provide a useful business case for organizations using Fineract 1.x to consider investing in Fineract CN | |
7 | Documentation and additional data | Ability to capture documents and additional (organization specific) structured data associated with loan accounts | Should Have | ??? | Yes | ||
8 | Deposits | Transactional accounts | A transactional account having support for overdrafts and overdraft interest posting | Must Have | ??? | Yes | |
9 | Documentation and additional data | Ability to capture documents and additional (organization specific) structured data associated with loan accounts | Should Have | ||||
10 | Accounting | COA and journal entries | Accounting module with support for creating COA and manual journal entries | Must Have | Yes (needs QA) | Yes | |
11 | Integrated accrual accounting | Integrated accrual accounting (supporting GAAP standards) for loans and savings | Must Have | ??? | Yes | Fineract 1.x lacks (daily) accrual accounting support for deposit accounts | |
12 | Integrations | ACH Integration | Integration with a widely used ACH (or ACH with potential to be widely used) like Mojaloop for enabling digital payments | Should Could Have | Yes (needs QA) | Yes | There is work in progress on integration with Mojaloop on both Fineract 1.x and CN. A number of implementations of Fineract 1.x and related forks have integrations with country specific ACH |
13 | Customer Access API Gateway | View account details | Ability of authenticated customers to query organization defined (fine-grained control) details of their active and closed loan and savings accounts. Typical details include associated schedules, payment history & breakdown and details of upcoming payments | Should Have | No | Yes | There are some concerns that Fineract 1.x does not have sufficient separation between self-service and back-office API's |
14 | Transfers | Allow customers to make transfers between their accounts and payments to third parties. | Should Could Have | No | Yes (see notes around ACH integration) | ||
15 | Third Party processors | Allow customers to authorize third parties to act on their behalf. These third parties need to be registered with the customer access gateway along with details of their associated permissions. | Could Have | No | No |
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