Li Hi All -

As we wrap up 2024, I want to highlight some key wins, important
initiatives, and reiterate our vision of a world where financial services
are ubiquitously offered for everyone via commercial open source business
models.

Our hosting foundation, the Apache Software Foundation (ASF), is a vibrant
community of over 200 top level projects. These include many of the core
internet and web projects that drive innovation and scale in a world
increasingly driven by open source & cloud technology.  We continue to rely
on the ASF for important infrastructure and standards of release and CVE
/security issue management.

Today, our software is in use in organizations large and small around the
world, reaching - according to some vendors - at least 65 million end
users, and by dozens of vendors and maybe hundreds of direct providers.

I suspect this under counts our use, given the large number of downloads we
see. It also doesn't see all of our impact. Even where we are not chosen as
the platform, our value proposition ensures an honest assessment of options
in the market.  And, our developer and user community continues to grow.

Some highlights and things to do:

In 2024, we reworked the docker hub target and got that working again.  We
continue to see a lot of downloads there.  This builds directly from GitHub
on the tip of development.

We released 1.9.0 in January 2024, and version 1.10.1 on Dec 31st, 2024.
In 2025, we intend to make the release process easier such that this can
happen more frequently.

As part of this we may decide (after discussion) to do away with back
porting of security patches and only have one official current release.  If
you want to earn karma by back porting recent security fixes or have an
issue to report, send to security @ Fineract .apache.org

In 2025, I'd also like to propose the following:
* Readme and asciidoc documentation is improved and versioned with each
release, with wiki content streamlined to project management.
* Builds improvements as discussed in this dev thread
https://lists.apache.org/thread/9l46b7p6bxt7c475o94wrg3k2wc54zdv
* Progress on each of the FSIPs as outlined at
https://cwiki.apache.org/confluence/display/FINERACT/Fineract+Significant+Improvement+Proposals

In a virtuous cycle of innovation, we continue to need the "roadmap" of
items like those on the FSIPs as well as a set of "anti-roadmap" items, aka
much later priority roadmap items. The roadmap is defined by the community
not by any one Vendor, but contributions drive that roadmap. We have to ask
“what is being planned?” Or “what would you like to add?” And discuss.

Our assumed anti-roadmap currently includes "we will not embed complex
reporting" and "we will not build the front end", as it is useful in
defining where outside users and vendors can develop additional value-adds
with some predictability. The philosophy of commercial open source requires
companies ("vendors") making money such that they can contribute to the
core code, and always exist upstream on the codebase because it is
strategic for them.

"You get what you develop, you get what they develop, you get what everyone
develops."

In terms of patterns, as has been pointed out recently, we need to push
back on "Endless feature expansion".  We don't do a good job of pruning
features, which makes the process of development more complex than it needs
to be. We may need a more frank discussion in 2025 about backwards
compatibility and feature limitations.

+1 on "look left and right" when touching the code. We should make sure
that we develop cleanly and with sufficient documentation and consistency.
More eyeballs are needed on the reviews.  Subscribe to the feed and start
following.

In 2025, we should clear out old jira tickets and focus on the real needs
and errors of today. Is this something you can help with?

We continue to see traffic on slack channels at Mifos and at the Apache
Fineract slack channels.
https://the-asf.slack.com/archives/C4QPZURQQ

In any case, outside Vendor conversations are welcomed, although the Apache
Fineract listserv remains our official record of the project.  As 2024
wraps up, thank you for all you have done to make the Fineract project a
community.

Happy New Year from Seattle

James Dailey
Project Management Committee Chair

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