Sent from my iPhone
> On 29-Dec-2020, at 3:23 PM, Saransh Sharma <sara...@muellners.org> wrote: > > Technically right now the users delegation is loose in Fineract ie Self > service and no proper service to service communication if you want to invest > in building a layer two solution that works on top of Fineract you should do > that or else create your own back end accordingly to your needs > > Fineract is fine but will not cater to all of your needs like how you want > and you will see that you will end wiring up your own layer two on top of it. > > Most important thing to do is to focus on standardising your API and then > just use those which you need. > > Logistically you will face talent scarcity also like there is hardly few here > in the community who knows development on such standards. > > Another is NeO bank need more like a blockchain kind of payment rails > solution go for that and build your API on top > > Thanks > > > Sent from my iPhone > >>> On 29-Dec-2020, at 3:02 PM, Debbie Watkins | Lucy >>> <debbie.watk...@welucy.com> wrote: >>> >> >> Hi Paul >> >> One thing worth mentioning here - to send money from your bank to another >> bank in-country, I think you'll probably need to connect your instance of >> Mifos to the national clearing and settlement switch. How the data is sent >> from Mifos to the switch will depend on the requirements of the switch (in >> most cases it's not an API call). >> >> Best regards, Debbie >> >> Debbie Watkins >> CEO and Co-founder >> >> +65 6817 1160 >> debbie.watk...@welucy.com >> Lucy | Turning the unbanked into the unstoppable >> www.welucy.com >> >> >>> On Tue, 29 Dec 2020 at 17:17, Saifudeen Khan <sai...@zucisystems.com> wrote: >>> Greetings Paul >>> >>> >>> >>> We are a fintech startup ourselves based out of Chennai. We have delivered >>> couple of Fineract deployments including customizations mapping to customer >>> needs (micro finance companies). It is a great system with super >>> flexibility. >>> >>> >>> >>> How do users create checking or savings accounts in my neo bank? Do I have >>> to create a website and call Fineract API endpoints? I am looking for a way >>> to create accounts automatically online and not manually. >>> >>> >>> s@if >>> Fineract has de-coupled UI from busiess layer, everything is of >>> API calls. All you need is to build a UI, make appropriate API Calls. I am >>> not sure of neo bank as such, but creation of accounts/products/loans >>> everything is definitely possible. >>> >>> >>> >>> How can Fineract know when a bank transfers funds to my neo bank? Let's say >>> a customer wants to deposit $100 from another bank into my neo bank. How >>> does Fineract know if my neo bank actually received $100 from the other >>> bank? >>> >>> >>> s@if>>> Again, API calls again. Your neo bank application will have to >>> notify fineract about it and pass on details for it to maintain records >>> >>> >>> 3. Similarly, if a customer wants to send $100 from my neo bank to their >>> other bank, how does Fineract know that $100 was actually sent and how does >>> it send it to the other bank? >>> >>> >>> >>> s@if >>> #refer 2 >>> >>> >>> >>> regards >>> >>> s@if >>> >>> >>> >>> >>> From: Paul Aphivantrakul <aphivantra...@gmail.com> >>> Sent: 29 December 2020 12:14 >>> To: dev@fineract.apache.org >>> Subject: Neo Bank Startup Company Using Fineract >>> >>> >>> >>> CAUTION: This email originated from outside of the organization. Do not >>> click links or open attachments unless you recognize the sender and know >>> the content is safe. >>> >>> >>> >>> Hello everyone, >>> >>> >>> >>> My name is Paul Aphivantrakul, and I am a software developer currently >>> living in Thailand. Since living here for about a year, I have become >>> interested in the fintech market and came across the Fineract project. I >>> would like to start a fintech startup similar to a neo bank here in >>> Thailand that uses Fineract as the core banking system. However, I am still >>> a little confused about how to use Fineract for a purely online bank. >>> >>> >>> >>> 1. How do users create checking or savings accounts in my neo bank? Do I >>> have to create a website and call Fineract API endpoints? I am looking for >>> a way to create accounts automatically online and not manually. >>> >>> 2. How can Fineract know when a bank transfers funds to my neo bank? Let's >>> say a customer wants to deposit $100 from another bank into my neo bank. >>> How does Fineract know if my neo bank actually received $100 from the other >>> bank? >>> 3. Similarly, if a customer wants to send $100 from my neo bank to their >>> other bank, how does Fineract know that $100 was actually sent and how does >>> it send it to the other bank? >>> >>> I have gone to https://www.fineract.dev/ and have tested out the Fineract >>> system, but it seems that this system works best for bank tellers who work >>> in physical branch locations. Is there a more automated way to create >>> accounts and to accept and send out payments? Would this be done through >>> the API? If so, do we as Fineract users have to create our own websites to >>> allow customers to interact with these APIs? >>> >>> >>> >>> Thank you, >>> >>> >>> >>> Paul >>> >>> Disclaimer: "The contents of this e-mail and any attachments enclosed >>> therein are intended solely for the addressee(s) and may contain >>> confidential and/or privileged information. It may also be the sole >>> intellectual and proprietary resource of Zuci Systems and therefore may be >>> legally protected from disclosure. If you are not the intended recipient of >>> this message, or if this message has been addressed to you by inadvertence, >>> kindly alert the sender by email and then follow with its deletion. If you >>> are not the intended recipient, you are hereby notified that any use, >>> dissemination, copying, or storage of this message or its attachments is >>> strictly prohibited and shall make you liable for consequences under >>> applicable laws."
