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Ed Cable

Ed Cable

President & CEO - Mifos Initiative

As President/CEO of the Mifos Initiative, Ed Cable is a leader in inclusive fintech and open service financial services innovation. He’s also a founding member of the OpenG2P Initiative. Since his time at the Wharton School, Ed has understood and proven out the catalytic power of communities - first through the cooperative movement, then through financial inclusion, and now through the open-source for financial services and digital public goods. Ed stays at the forefront of the industry’s trends, applying his vision and foresight to enable the Mifos community to keep pace with rapid fintech innovation and nurture the growth of a vibrant ecosystem of solution providers reaching nearly 20 million clients through solutions powered by Fineract and Mifos. When he’s not focused on cultivating innovative fintech solutions, Ed tends to his menagerie of animals including a mini yak, goats, peacocks, dogs, rabbits, and chickens as an Airbnb Superhost in the majestic Redwoods.

Workshop title

An open core: Building a neobank from scratch using open source primitives


To truly disrupt the fintech sector, core banking software must be commoditized and that can only be done by breaking the core into a set of primitives for managing accounts. This workshop will explore at an architectural and practical level what these foundational components are for managing customer accounts, deposit/current accounts, credit/loan accounts, along with payment orchestration to enable value to flow through these accounts. We will define the architecture and APIs underlying these primitives and through illustrative case studies of Fineract & Mifos users show how fintechs from around the world layer additional innovation on our open source APIs and building blocks to quickly get to market with solutions at a much lower cost.

In this hands-on workshop, we will walk developers through how to rapidly build a reference fintech app powered directly by our open source APIs - from creating the customer account along with requisite KYC information, integration with origination workflows, ad-hoc data capture, management of the full lifecycle of loan and current accounts, seamless payment orchestration, integrated double entry accounting, and business intelligence and data analytics.

Learning objectives:

  • Fintechs will learn how to get to market faster with their solutions by building on an open core that has been hardened and battle-tested while being deployed across more than five dozen countries. This commoditized core banking layer enables a focus on customer-facing innovation & user experience as opposed to infrastructure.
  • Developers will learn how to practically build solutions on open source core banking APIs for managing accounts - customer accounts, wallet/deposit/current accounts and credit/loan accounts.
  • Architects will learn how a core banking system can be broken down into account primitives that are completely open source from the ground up and accessible via APIs.