(Created page with " '''= project supported by the Romanian company Allevo''' URL = http://www.allevo.ro/initiatives/fintp.aspx =Description= "The payments arena in itself has reached a high l...")
Latest revision as of 16:59, 9 November 2012
= project supported by the Romanian company Allevo
"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." (http://www.allevo.ro/initiatives/fintp.aspx)