Launch of Mifos Gazelle v1.0.0 Digital Public Infrastructure as a Solution (DaaS)

12/16/2024 12:00 (UTC) - The Mifos Initiative is proud to announce it has released v1.0.0 of Mifos Gazelle; a Digital Public Infrastructure as a Solution (DaaS) tool.? Mifos Gazelle for the first time offers an easy and reliable way to deploy multiple Digital Public Goods (DPGs) quickly from a single instruction.? This revolutionizes the deployment approach allowing for Digital Public Infrastructure to be deployed in 15 mins ready for configuration.?

Mifos Gazelle v1.0.0 deploys the following open-source DPG components.? Mifos X (with Apache Fineract backend) for core banking, Mifos Payment Hub EE for Payments Orchestration and Mojaloop vNext Beta as a Payments Switch.? Mifos is proud to have supported the community of developers from its inception as a Google Summer of Code project in 2023 through to this launch point. The community has an exciting roadmap of enhancements and features it looks to develop and integrate in the future, including end to end demonstrations out of the box; solutions for small hardware profiles; increased DPG deployment options.

For v1.0.0 Mifos Gazelle has focused on reducing deployment time for Demo, Test and Development environments, later versions will focus on the same efficiencies being able to be applied to production environments.

Launching Mifos Gazelle today Mifos Initiative CEO and President Edward Cable said “I’ve seen firsthand over the years how complex and lengthy the deployment process is for core banking and other enterprise systems. I’m astounded by how Mifos Gazelle has reduced this time and complexity. This will have a remarkable impact for our community and the broader DPI ecosystem to easily evaluate and deploy DPGs in the environment of their choice”

David Higgins , Director of Programs, Mifos Initiative said “It’s been an honour to help steer the community to this point of launch. With Mifos Gazelle we enable adopters to quickly deploy and start exploring Digital Public Infrastructure, concentrating on how it can be used in their use-cases.”

The DaaS Advisory Board was recently convened by CDPI and Ekstop, leaders of the DaaS approach. Keyzom Ngodup Massally , Head of Digital & AI Programmes at UNDP and member of the DaaS Advisory Board said, “Mifos Initiative continues to be a pioneer in the global movement to build inclusive digital public infrastructure. Aligned with the principles of DaaS, Mifos Gazelle will be a powerful tool to help countries evaluate, deploy and scale DPI, particularly with the DPG approach integrated to enable end to end use cases.”

Digital Public Infrastructure (DPI) is a collection of digital systems based on open technology standards that connects people, data and money to enable the delivery of services (public or private) for the public good.? Comparisons can be made to it being the Digital equivalent of physical public infrastructure such as roads, railways and ports which can help a country create a competitive? inclusive and resilient economy, deliver essential services, open economic opportunities. Foundational parts of a Digital Public Infrastructure (DPI) are Digital ID, Payments and Data Exchange.

The Mifos Initiative is a global 501(c)3 fintech non-profit entity,? leveraging the cloud, mobile & open source community to democratize financial services such as microfinance institutions and credit unions that are serving the world’s 3 billion poor and underbanked. Mifos has pioneered open source core banking technology for the past fifteen years, transforming the entire sector at each major stage of evolution from microfinance to financial inclusion to digital financial services, and now embedded finance. More than 65 million clients are reached by 500+ financial institutions across 65 countries using solutions powered by its APIs.?