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Apache Fineract Reviews & Product Details

Apache Fineract Overview

What is Apache Fineract?

Apache Fineract 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 2 billion underbanked and unbanked.

Apache Fineract Details
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Product Description

Apache Fineract 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 2 billion underbanked and unbanked.


Seller Details
Year Founded
1999
HQ Location
Wakefield, MA
Twitter
@TheASF
66,229 Twitter followers
LinkedIn® Page
www.linkedin.com
2,291 employees on LinkedIn®
Description

Community-led development since 1999. FoundationProjectsPeopleGet InvolvedDownloadSupport ApacheHome. We consider ourselves not simply a group of projects sharing a server, but rather a community of developers and users.

Recent Apache Fineract Reviews

Rishi T.
RT
Rishi T.Mid-Market (51-1000 emp.)
3.5 out of 5
"You can build a whole lending company if you master this!"
- Open source (A lot of scope to play around and customise as per our own needs) - Good community support - integration is hassle-free due - C...
Avdhesh K.
AK
Avdhesh K.Mid-Market (51-1000 emp.)
5.0 out of 5
"Its best and very helpful"
Its open source its very important also under the Apche lincence 2.0. Easy to handile user managment in organization. Its very esay to handil and s...
Sourabh G.
SG
Sourabh G.Mid-Market (51-1000 emp.)
4.0 out of 5
"A complete and complex banking tool."
It has basic flows, operations about banking, loans etc already filled. A complete banking solution with multiple product options.
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Apache Fineract Media

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6 Apache Fineract Reviews

4.3 out of 5
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6 Apache Fineract Reviews
4.3 out of 5
6 Apache Fineract Reviews
4.3 out of 5
G2 reviews are authentic and verified.
Rishi T.
RT
Associate Product Manager
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Apache Fineract?

- Open source (A lot of scope to play around and customise as per our own needs)

- Good community support

- integration is hassle-free due

- Cost effective (due to being open source) Review collected by and hosted on G2.com.

What do you dislike about Apache Fineract?

- No dedicated technical support available (you are at the communities' mercy to get your queries resolved. Difficult for newbies)

- Code is quite legacy (they use Java 11 which needs to be updated) Review collected by and hosted on G2.com.

What problems is Apache Fineract solving and how is that benefiting you?

- We were building a Loan Management System for our lending product and fineract came to our rescue as the best Open-Source System for building a low cost solution for our needs

- Bunch of features for managing various loan products (line of credit, term loans) for the entire lifecycle (Amortisation Schedules, late payment handling, settlement of pre-payments and partial payments etc.) Review collected by and hosted on G2.com.

Avdhesh K.
AK
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Apache Fineract?

Its open source its very important also under the Apche lincence 2.0. Easy to handile user managment in organization. Its very esay to handil and simple to make connection.

Its very attractive as pervious many updates features we ger while making connection and storeing some data. Review collected by and hosted on G2.com.

What do you dislike about Apache Fineract?

I think as a core banking system fineract drwan as pr requirements like storing crdits also non useabble for small small non banking foundation etc. Else everything is good. Review collected by and hosted on G2.com.

What problems is Apache Fineract solving and how is that benefiting you?

Im using this for user managment i have to stuck any where its good to get our clients data in secure way . I think there is no any issue i you have no knowledge then it will effect you work. Review collected by and hosted on G2.com.

Sourabh G.
SG
Engineering Lead
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Apache Fineract?

It has basic flows, operations about banking, loans etc already filled. A complete banking solution with multiple product options. Review collected by and hosted on G2.com.

What do you dislike about Apache Fineract?

There are many bugs in legacy one and cloud-native is still in beta. It needs a complete understanding of the whole framework to fix or enhance anything. Its better to get some implementation partner to do it and they genereally have their own wrappers to make things easy. Review collected by and hosted on G2.com.

What problems is Apache Fineract solving and how is that benefiting you?

It helps small banks, and NBFCs to get a base tech stack to start with. Review collected by and hosted on G2.com.

CI
Vice President
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Apache Fineract?

Fineract provides a reliable, robust, and affordable solution for entrepreneurs, financial institutions, and service providers to offer financial services. Its an innovative mobile and cloud-based solution, and enables digital transaction accounts. Fineract is a mature platform with open APIs, while Fineract CN is a cloud native, microservice architecture also supporting open banking APIs. Review collected by and hosted on G2.com.

What do you dislike about Apache Fineract?

The configuration & deployment require technical skill and difficult. Review collected by and hosted on G2.com.

Recommendations to others considering Apache Fineract:

Good tool for small scale financial & accounting services institution. Review collected by and hosted on G2.com.

What problems is Apache Fineract solving and how is that benefiting you?

We now can scale up our services with this tool Review collected by and hosted on G2.com.

Dan O.
DO
Analyst, Corporate & Investment Bank
Banking
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Apache Fineract?

Very easy to implant and launch. Our team is very happy with the service. Review collected by and hosted on G2.com.

What do you dislike about Apache Fineract?

As of right now there were a few bugs with implementations. We are seeing how to overcome this with the team. Review collected by and hosted on G2.com.

Recommendations to others considering Apache Fineract:

Reach out to suppler with imps issues Review collected by and hosted on G2.com.

What problems is Apache Fineract solving and how is that benefiting you?

Allow seamless interconnectivity between API's and platforms. Review collected by and hosted on G2.com.

Verified User in Publishing
UP
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Apache Fineract?

Good community, good client data management. Really like the financial reporting offered Review collected by and hosted on G2.com.

What do you dislike about Apache Fineract?

None, never had an issue with Apache Fineract Review collected by and hosted on G2.com.

What problems is Apache Fineract solving and how is that benefiting you?

Now we have a clear understanding of our financial standing Review collected by and hosted on G2.com.