A. Apache Software FoundationThis section is undergoing an Update. Please watch this space.
Governance practices and checks for breach of Public Trust:
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If no, then what are the possible demerits of Apache way for a financial technology project, consumed by regulated banking entities, which may have led to such bad practices?
Relevant Data:
a. Source: https://cwiki.apache.org/confluence/display/FINERACT/Graduation+Resolution Mar 12, 2017
PMC affiliation (*indicated chair) | Persons Appointed |
|---|---|
Conflux Technologies (3) The Mifos Initiative (1) *Kuelap Inc (2) Musoni Systems (1) | Vishwas Babu AJ, Edward Cable, Markus Geiss, Sander van der Heijden, Ishan Khanna, Myrle Krantz, Terence Monteiro, Adi Nayaran Raju, Gaurav Saini, Nazeer Hussain Shaik, Jim Jagielski, Michael Vorburger |
b. Source: https://cwiki.apache.org/confluence/display/FINERACT/Maturity+Evaluation 22 February, 2017
The project is independent from any corporate or organizational influence. | The committers come mostly from three organizations:
| myrle, sander, gauravsaini03, mage |
Besides Mifos Initiative, below are the listed private organisations;
Kuelap Inc: Company Number604087474 Source: Kuelap Inc.
Date of Establishment: 9 February 2017
Persons affiliated with this company:
Craig Chelius, Ayuk Etta
Services: Kuelap is the cloud native digital platform for financial services providers. Based on the open source ApacheFineract framework and other open source standards…..
Conflux Technologies; Source: MCA.GOV.IN
Date of Incorporation | 06/12/2010 |
Charge Id | Assets under charge | Charge Amount | Date of Creation | Date of Modification | Status |
Book debts; Floating charge; Movable property (not being pledge) | 7000000 | 18/11/2016 | - | OPEN |
Services: Provides Core Banking software services at a price, built on components of intellectual property assessed in this case study
3. Musoni Services B.V, (Musoni B.V)Netherlands; Source: https://dutchregistry.nl/company-search/
Date of Establishment: 15-03-2013(20-08-2009)
Services: Provides Core Banking software services at a price, built on components of intellectual property assessed in this case study
Citable records:
https://cwiki.apache.org/confluence/display/FINERACT/Survey+Results+2022+November
https://projects.apache.org/committee.html?fineract
https://cwiki.apache.org/confluence/pages/viewpage.action?pageId=91554327
https://cwiki.apache.org/confluence/display/FINERACT/Jira+Clean+Up
https://cwiki.apache.org/confluence/display/FINERACT/Quality+Assurance+Meeting+Aug+30%2C+2022
1.2. Intellectual Property Clarifications:
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If no to this, then what are the possible demerits of Apache Software governance model for a financial technology project, consumed by regulated banking entities, which may have led to such bad practices?
1.5. Directors Culpabillity Culpability in Breach of trust and audit for violation of fiduciary responsibilities:
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Identify Controlling parties, identify consumer stakeholders
Citable Records:
https://cwiki.apache.org/confluence/display/FINERACT/Fineract+Project+Security+Report
3. Financial Reporting Practices and checks for breach of Public Trust:
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