[projectvrm] FinTP

[Doc Searls < >]

FinTP is an open source project in the payments world, led by developers at Allevo, a company supplying software and services to banks. They are headquartered in Romania, and some of us met them at Sibos 2011 in Toronto when we presented the Digital Asset Grid for SWIFT Innotribe.

A description:

The payments arena in itself has reached a high level of maturity, payments becoming a commodity in the financial industry; on these premises operational software should no longer be a differentiator.

Allevo has come up with the idea to develop an open source application for financial transactions processing and, simultaneously, to create a community around it. The application code name is FinTP and it is far from being just an idea anymore, it has grown into a thoroughly documented project.

Allevo is strongly committed to publish, under free-open licensing terms, its own financial transactions processing engine - which capitalizes on a seven years practice proven commercially available application. In our view, an open source application represents in fact the acceptance of the commoditization of the payments processing arena.

FinTP creates a widespread financial transactions processing platform, a cheap alternative (to the current proprietary payment systems) for an industry common solution which will evolve into a new standardization layer.

 

FinTP shifts the competitive space and consequently the innovation drive (from back-office, and mostly financial institutions and large corporations) to SWIFT traditional and new business areas (treasury and front-office of the banks, large financial institutions, corporations and SMEs - including MFIs).

Code/blog: <http://www.fintp.org/>

More links:

http://soc.rosedu.org/2013/fintp/

http://www.arb.ro/wp-content/uploads/Allevo-FinTP.pdf

http://opensource.com/business/13/12/fintp-to-open-source

http://www.youtube.com/watch?v=qnvhe7QTrxQ

Two people involved are Ioanna and Mihai Guimann:

https://twitter.com/IoanaGuiman

http://opensource.com/users/mihaiguiman

They may be on the list. Not sure. If they're not, and anybody here is interested in dialog/development with them, let me know and I'll make sure they're in the loop.

Doc