Unbundling the Core: Exploring the Boundaries of a Core Banking System

Explore the boundaries and evolution of core banking systems in this 42-minute conference talk from The ASF. Delve into the organic growth of Fineract as a platform powering various financial solutions, from MIS and core banking for financial inclusion to loan management for fintechs. Examine the challenges of defining core boundaries as the system expands, considering aspects such as current account management, loan management, origination, KYC, and payment orchestration. Learn about proposed frameworks and playbooks for better collaboration on open banking cores, including defining core and ancillary system boundaries, establishing the landscape of core modules and surrounding solutions, and discussing plugin-based architecture for ecosystem development. Gain insights into balancing commons and competitive spaces to encourage upstream contributions while creating commercialization opportunities. Benefit from speaker Edward Cable's expertise as President/CEO of the Mifos Initiative and founding member of the Apache Fineract PMC, drawing on his experience in technology-enabled financial inclusion and open service financial innovation.