Core team works with an open source project Mifos X and pursues a market fit idea for a core banking system. Both quantitative and qualitative research points to a banking platform hypothesis.
Team generates traction and organizes hackathons, pursues case study partnerships with banks, NBFCs and fintech in South Asia.
Blockchain is introduced for enhanced security. Architecture and design principles are carefully improved. Ease of development is investigated.
Core team continues to pursue case studies with banks, NBFCs and fintech in South Asia and North America. Team works on implementing Apache Fineract with Finscale architecture designs.
Group goes global under the umbrella of Muellners Foundation, presents ideas in Apache Con 2020 for Finscale's improvements to go in with another open source initiative. Finscale takes its own direction.
Finscale is released as a developer version with a Developer console for enterprise implementations.