Onboarding a new trading partner is often a time consuming and arduous task. This is especially true with legacy technology like Electronic Data Interchange (EDI) and even more so when using Value Added Network (VAN) to connect with your trading partner. These are older, complex frameworks that are often fraught with challenges that include: Integrating […]
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The Women in FinTech Hackathon – Closing the Gender Gap for Innovation and Financial Inclusion
in
Events
, Financial Inclusion
, Fintech
, Mojaloop
, OSS
Although the tech world is advancing at an alarming rate, discouragingly, 23% of women worldwide are still financially excluded. This statistic is overwhelming as we draw closer to 2021 and requires urgent attention. According to the Uganda FINSCOPE 2018 survey, women are 1.8 times more likely to access informal financial services via their village savings […]
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A Case Study in Interoperable Payments in Myanmar’s Microfinance Industry Part 3: 5 Takeaways for Banks and Regulators
in
Financial Inclusion
, Microfinance
, Mojaloop
, OSS
, Payments
A six-month-long interoperability project in Myanmar’s microfinance industry has shown there is much to be learned for banks and regulators. Here, we focus on five lessons that central banks, commercial banks, and mobile money operators can discover from this project for building a national payment infrastructure. Traditionally, central banks have built payment systems that suit […]
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A Case Study in Interoperable Payments in Myanmar’s Microfinance Industry Part 2: Standardizing Digital Loan Repayments
in
Financial Inclusion
, Microfinance
, Mojaloop
, OSS
, Payments
, Uncategorized
In the second part of this series on the challenges of building open, interoperable payments in Myanmar’s microfinance industry, we elaborate on the project’s first use case. Learn why we are developing a standardized loan repayment system in collaboration with the country’s financial institutions. Wherever you are in the world, you are likely to be […]
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A Case Study in Interoperable Payments in Myanmar’s Microfinance Industry Part 1: The Challenges
in
Financial Inclusion
, Microfinance
, Mojaloop
, OSS
, Payments
Over the last six months, our team has collaborated with UNCDF Myanmar to demonstrate the benefits of interoperable, real-time payments for about five million microfinance customers in Myanmar. But it hasn’t been easy. In this blog, we’d like to share some of the barriers we faced, discoveries along the way, and our approach to “getting […]
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3 Lessons Learned During COVID-19 About the Future of Cash
in
Banking
, Financial Inclusion
, Fintech
, Payments
Will cash be a thing of the past in the post-COVID-19 world? In just a few months, COVID-19 has managed to fundamentally disrupt the philosophies, processes, and systems of societies across the globe. One thing is for sure; our future will look very different. Business travel will never be the same, and companies are opting […]
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Introducing Mojaloop Release v10.4.0
in
Announcements
, Financial Inclusion
, Fintech
, Mojaloop
, OSS
We are excited to announce the latest Mojaloop release! With this release, support for organizations managing bulk disbursements and using non-Latin-based characters in names is available. Additionally, the implementation of Financial Service Provider Interoperability (FSPIOP) API v1.1 improves flexibility for financial institutions to conduct two-phase commits on funds, further reducing reconciliation risk. This release, packaged […]
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Mojaloop (PI-11) Open Source Convening Recap
in
Financial Inclusion
, Fintech
, Mojaloop
, OSS
If you weren’t able to attend July’s Mojaloop Community Event, you missed some exciting updates, fun demos, and presentations from various members of the open source community. After each quarterly meeting, we enjoy sharing the progress updates that our team is most excited about as the program transitions into the next increment. As members of […]
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How to Implement Custom Expression Language in Camel 3.x
in
DataSonnet
, OSS
, Tips and Tricks
In this blog post, I’m going to explain the process of implementing a custom expression language support in detail as well as highlight some specifics of the DataSonnet implementation. But first, let me explain how this got started. Prelude to a post Shortly after we released the first version of DataSonnet, our open source data […]
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