Fiter is a service company focused on Apache Fineract and MifosX. We provide consulting, implementation, customization, data migration, and support services.
Fiter has participated in projects in more than 40 countries worldwide.
Fintechs, microfinance institutions, cooperatives, digital banks, and regulated or unregulated credit entities, among others.
Over a decade working with MifosX and Fineract on migrations, implementations, and scaling of financial platforms.
We work with agile methodologies, in iterative phases (MVP + evolutions), prioritizing risk reduction and fast go-live.
Fiter is the most experienced company in Fineract and MifosX worldwide, having participated in more than 100 projects related to these technologies.
Yes, we combine technology implementation with process consulting and commercial scalability.
No, Fiter delivers the source code to the client after development. No license fee is charged.
No, Fiter is a specialized service provider for Fineract but does not own the solution.
FINERACT
It is an open-source core banking platform for managing loans, savings, payments, and accounting
Fineract has no license costs, and the client has full control over the modifications that can be made at the code level.
Yes, it supports multiple currencies, configurable organization structure with each transaction tagged to a currency and office.
Fineract can be customized by configuration, no code/low code and through its very permissible open source licence that allows you to keep your customization with no obligation to share.
The Fineract project is under the Apache Software Foundation.
MIFOSX
It is an open-source web application used for back office operations and system administration.
Fineract is the engine; MifosX adds the interface, ready-to-use services, and operational tools.
Client management, loans, savings, reports, auditing, and user administration, among others.
Fineract can be customized by configuration, no code/low code and through its very permissible open source licence that allows you to keep your customization with no obligation to share.
It is open-source under MPL 2.0.
The community provides open support, and partners like Fiter offer commercial support and SLAs.
SECURITY
No, Fiter will deploy Fineract on the client's servers. The client is responsible for security.
Fiter will assist the client with setup and provide guidance, best practices, and recommendations.
The client is responsible for audits and security testing of their own environments.
Yes, it can be deployed in isolated environments with specific configurations.
OPEN-SOURCE
The code is auditable, extensible, and free from proprietary licenses.
Fineract: Apache 2.0; MifosX: MPL 2.0.
Through improvements, bug reports, documentation, and support to institutions using Fineract/Mifos.
Cost reduction, transparency, and no vendor lock-in.
Open community support and professional support through partners like Fiter.
SCALABILITY
Cost reduction, transparency, and no vendor lock-in.
Through cloud autoscaling, message queues, and service partitioning.
Yes, with Kubernetes and distributed databases.
They depend on the chosen infrastructure; there are no fixed limits in the software.
Yes, Mifos/Fineract are used in fintechs and banks in Africa and Asia with millions of active clients.
INTEGRATIONS
Yes, Fineract is API-driven, making integration with all systems much easier.
Any system that can make REST API calls. We have integrated with Payments, KYC/AML, ERP, CRM, wallets, scoring, and regulatory systems, among others.
Mainly with REST APIs; webhooks and middleware are also supported.
It depends on the provider; with standard APIs, it is usually quick.
REGULATION
Yes, through parameterization and generation of specific reports, as well as customizations.
With configurable and exportable reports according to local requirements.
Yes, through configuration and customization, Fineract can meet the necessary regulations.
With flexible parameterization and continuous releases.
Yes, each jurisdiction can have specific configurations.
LOAN MANAGEMENT SYSTEM (LMS)
Origination, disbursement, schedules, interest, arrears, restructurings, and collections.
Yes, with configurable products.
Yes, via API for automated decisions.
With configurable rules in the product engine.
Yes, through integrations via APIs and system jobs.
PAYMENTS
They are integrated via API with banks and local gateways.
Yes, widely used in Africa and LATAM.
With automatic references and reconciliation reports.
Within weeks, depending on the provider's API complexity.
GENERAL LEDGER / ACCOUNTING
Double-entry engine with configurable chart of accounts.
By defining hierarchies and assigning products to accounting accounts.
Yes, configurable and exportable reports.
Complete transaction logs and authorized reversals.
IMPLEMENTATION
Typically, 6 to 20 weeks depending on scope and migration.
Yes, with sprints and iterative deliverables.
Discovery, infrastructure setup, system deployment, parameterization, migration, testing, go-live, and support.
High, especially in initial definitions and UAT testing.
Yes, Fiter can provide demo environments and small-scale pilots.
COST AND BUSINESS MODEL
Implementation, support, and hosting on cloud or own infrastructure.
No, as it is open-source, only services and maintenance.
Professional services and support.
8x5, 24x7, and 24x7 with a dedicated team, with agreed response times.
Yes, if customization or additional support is required.
They are lower by avoiding licenses and vendor lock-in.
SUPPORT & TRAINING
Spanish and English, with coverage according to the agreed SLA.
Functional training and documentation.
Yes, documentation adapted to each client.
DEPLOYMENT (Cloud & On-premise)
Yes, on own infrastructure or public/private clouds.
All major ones (AWS, GCP, Azure).
Yes, with Kubernetes and virtualized environments.
Yes, with support for scalable deployments.
With CI/CD pipelines and controlled deployments.
ROADMAP & UPDATES
The community usually releases a new version once a year. Fiter provides customizations on demand.
Immediate patches and notifications are applied to clients under support.
Release notes, staging environment testing, and controlled deployment.
Yes, Fiter will develop what the client needs if it is not covered in the community version of Fineract.
