Posted on January 20, 2010 - by James

Grameen Foundation Releases New Version of Mifos

Latest Release of Open Source Software for Microfinance Includes Support for Spanish and Firefox 3.0 Browser and Interface for Banking Systems

SEATTLE, Jan. 20 /PRNewswire-USNewswire/ — Grameen Foundation announced today the latest release of Mifos, its award-winning open source software platform for microfinance.  Mifos 1.4 is the first version available in Spanish and also provides support for Firefox 3.0 and integration with banking and other systems.  This marks a significant step forward in extending an open platform that gives the entire microfinance industry cost-effective access to technology.

Engineers at Grameen Foundation’s Technology Center in Seattle worked closely with its global community including corporate volunteers from SunGard Technology Services, as well as individual technology contributors from the United States, Europe and Australia to build the new features and additional product scalability.

The work was also supported by volunteers from Bank of America, Merrill Lynch and Catholic Relief Services, includingJesus Fernandez-Munoz, Vice President of Financial Institutions Debt Products at Bank of America Merrill Lynch, who volunteered to translate Mifos into Spanish through Grameen Foundation’s Bankers without Borders initiative and the Mifos community.

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