About OpenCBS

About Us

OpenCBS is an innovative platform offering an Open Source Core Banking System as well as other value-added solutions for the microfinance and financial services industry including a Tablet application for KYC, Appraisal and collection of Social Performance Indicators, a Loan Origination Solution and a Customer Relationship Management System.

Originally developed under the name of Octopus Microfinance which was part of OXUS Development Network, OpenCBS was registered in 2013 as an independent company, with the Open Source nature of the project guaranteed by the statutes. As one of the few social businesses operating in Fintech, OpenCBS offers a free solution for those who cannot afford to pay or do not require additional services. For users requiring customization, training or technical support, OpenCBS charges very reasonable rates. Contrary to other software providers, OpenCBS does not take users hostage, but rather works with them as partners: they are involved in the design of the technical roadmap, they are welcome to suggest improvements and  are encouraged to team up together in order to share development costs.

Over the past few years, OpenCBS has been growing with its clients and has continuously developed its technical platform using agile methodology. This community-based approach has served OpenCBS well: the platform is now used by 20 paying clients and over 160 free users, mostly microfinance institutions, social lenders, credit companies and banks in developing countries.

By offering an affordable and simple platform that allows institutions to provide financial services in a transparent and efficient manner, OpenCBS contributes actively to financial inclusion and Responsible Finance.

Open Source Commitment

We believe in the development of Open Source technology.

Open Source offers flexibility, by allowing enthusiasts to download and modify the code, thus contributing to a fruitful software evolution. Anyone can redistribute the code under a non-commercial basis.

Open Source allows continuous enhancements. Contributors are welcome to approach us for improving the OpenCBS product. Custom developments made for specific clients but that are relevant for our community of users are integrated into our standard products.

Open Source is highly secured: our platform will remain functional even if OpenCBS, as a company, becomes inactive. We also offer Open APIs for secure and convenient integration with other systems and platforms.

Open Source offers balance: users are not dependent on OpenCBS as a company, bringing balance into the negotiation process. Our Open Source free version does not have any limitations. We provide our clients with the code of any customization we develop for them.

Open source technology is the proof of our confidence in the high-quality and affordability of our services.

Business Model

We charge for customization and developments based on the time needed to implement them. We also charge for support based on the size of the financial institution.

Our main office is located in Hong Kong, our developing and support teams are located in Bishkek, Kyrgyzstan. The choice of Bishkek as our development hub was made due to the low cost base a country such as Kyrgyzstan offers but also for the highly qualified technical team that is responsible for the main development of the Open CBS software.