## Description:


The mission of Apache Fineract is the creation and maintenance of software 
related to a core banking platform that provides a reliable, robust, and 
affordable solution for entrepreneurs, financial institutions, and service 
providers to offer financial services to the world's underbanked and unbanked.

## Issues:
No issues require Board attention at this time.

## Membership Data:
Apache Fineract was founded 2017-04-19 (5 years ago, contributed by Mifos.org)
There are currently 46 committers and 19 PMC members in this project.
The Committer-to-PMC ratio is roughly 2:1.

Community changes, past quarter:
- No new PMC members. Last addition was Aleksandar Vidakovic on 2020-10-11.
- No new committers. Last addition was Arnold Galovics on 2022-03-15.

## Project Activity:

We released Fineract 1.7.0 and 1.6.0 over the past 6 months thanks to Aleks, Petri, and Arnold.

Major features that landed with these releases:

  • code significantly improved to support database independence
  • PostgreSQL is officially supported
  • better performance and JPA compliance through the usage of EclipseLink

Upcoming features:

  • read/write separation
  • significant improvements in business time handling (COB)
  • Spring Batch integration to replace Quartz jobs

We have added Committers and PMC Members over the past few months.

Responses to issues on the mailing lists have been timely and helpful to eh community.

The next release 1.8.0 is due shortly (next week if no last-minute bugs). Starting with this release we'll have a process to deliver maintenance releases (for critical bugs and security issues). Rules are not yet entirely set in stone, but we'll try to provide support for two minor releases including the most recent release.

## Community Health:

A sharp rise in the number of contributors and an increase in the contribution rate is due to developers and companies giving back to the upstream Fineract Project. Ed Cable has been stewarding a number of these projects across large corporate and fintech customers that have stimulated this increase in contribution. The hope is that there will be an uptick in contributions from other individuals on the sidelines as other integrators from the community would like to contribute upstream so as not to get left behind with the renewed momentum in the upstream codebase. We also have a few interns doing work as part of GSoC 2022 primarily around refactoring and reduction of boilerplate code.

An extensive Fineract/Fintech track is being planned with a number of talks to provide visibility into the ongoing enhancements, clarity around future enhancements via a roadmap, and sessions to encourage upstream contribution.

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