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Fintech Advisory
This page details Foundation's Technology Advisory position on best practices for the financial services industry.
Muellners Foundation acts as a โ€œtechnology evangelistโ€ organisation for the financial services industry.
We are an industry observer body, an advocacy group, which builds a critical mass of support for a given technology, and then establishes it as a technical standard in a market which is subject to network effects. Naturally, as an industry association, we independently observe, investigate and review research, studies and open source documentation, practices on different financial services and technologies.
One of the objectives of the Foundation is to take an industry and each participant in the industry from zero to critical mass with a neutral and non favouritism approach.
"We are a neutral think tank."
Foundation publishes these Observation Reports on its Open Research Platform. The reports are released publicly and reduced to practice in open source. Sometimes the Observation reports are critical and cover a significantly important subject of public policy in the banking industry. The contents of these reports are edited with a peer review for a public release such that Foundation's neutrality is maintained.

Advanced-level strategies & implementation of cutting-edge technologies.

Foundation aims to bring #DEI Diversity, equality and inclusion with these benchmarks.
Foundation aims for a continous lifecycle mapping of a fintech platform with these benchmarks.
Led by a global group of thought leaders and tech evangelists with expansive industry relationships and deep market insight, Foundation broadcasts advisory which serves industry at the convergence of technology-based solutions and financial services.
Industry-leading best practices are put forward in our open publications for financial services industry in both high income and emerging economies, such that the fintech companies benchmark their case studies.
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In Foundation's observation reports, there is a clear focus on transformation from current to gamified tech stacks including Cybersecurity, AI/ML, data science/analytics, RPA, API ecosystem, IT operations and management, DevOps, automation, edge computing, and blockchain.
Foundation members routinely get in touch with open source community members from different organisations.
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What are the focus areas which the Foundation covers for establishing best practices on it's Fintech Advisory position?

Foundation's community benchmarks industry case studies of fintech platforms with following criterias:

1. Digital services playbook on a Fintech and all stakeholders of the fintech platform.
2. Financial Technology's Development Lifecycle Roadmap.
We look for a stable and a long term Financial Technology lifecycle and Infrastructure Roadmap with a consistent stakeholder engagement. Our Observation reports mention the long term sustainability of a fintech platform.
3. Business Continuity Plans & Disaster Management and Information Recovery framework including Resilience framework in the fintech platform.
We look for a strong BCP, a Disaster Management & Information Recovery policy. During a global public emergency declared by any of the United Nations' Inter Govt agencies, we look for how the Fintech platforms BCP governs the fintech platform's stability and scalability.
4. Dynamically Regulated: Primary Robotic Process Automation drivers enabling an IFRS(International Financial Reporting Standards) of Process Management structures. Assessment and preparation of technology's foundation to address changing Regulatory directives.
We look for ethical and accountable International Financial Reporting Standards with both translatable and assignable local Financial reporting standards in the fintech platform's accounting standards. This is a critical criteria as we advocate an open carbon neutral financial system, we evangelize only that piece of human technology which is above PAR in terms of third party audits and supervisions.
5. Standards on strategic industry relationships to acquire, locate, merge, procure key innovation use cases in the embedded finance and nurture an ecosystem of applications on the fintech platform.
This also includes assessment of a consistent tech vendor management program. For any fintech platform, we do see if there is a stable third party services integrations framework or possibility to scale into one. Fintech Support Program to enhance strategic partnerships with small cohorts of local startups to enable mentorship, strategic acquisition of fin-tech use cases.
6. If the platform propels a tech intensive and open Research & Development paradigm including aiding operationally intensive automation.
Whether a peer reviewed RnD literature exists on the fintech platform or not. In open source ecosystem, this is generally seen in the form of public facing documentation on the project.
7. Data analytics strategy and implementation in the form of a stable ecosystem of fintech platform based applications.
8. Standards on securitizability:
Investor level reporting to raise investor sentiment in the industry.
Investor Reporting standards with systematic implementation of RASCI matrix for key technology initiatives.
We promote collective industry collaboration in the open source. Naturally, a healthy industry collaboration including derisking Investor risks are paramount to our advisory position on a fintech platform. Check out Serenity Partner Program.
9. Developer talent and product acquisition strategies including skill development initiatives in the fintech's ecosystem.
Is there an abundance or shortage of community development on a fintech platform?
We do look at public reports on community health of an open source project, in order to support and evangelize a fintech platform's lifecycle.
10. Brand equity including approachability & openness for inward & systematic integration of processes in the fintech platform.
When Foundation supports and evangelizes a fintech platform, Media Committee specifically looks for how open, socially inclusive and environmentally conscious the brand equity of a fintech platform is.
Media Committee are public policy advocates and therefore assess the socially inclined impact which a brand of a fintech platform may stand for.
11. Payment infrastructure automation including systematic implementation program for Payment RAILS.
For Foundation to evangelise a fintech platform, we look for the platform's integrability in terms of hybrid payment loop processing and faster adoption and integrations framework. We do look at international industry compliance standards like PCI.
12. Credit and risk engineering with AI based automation models and their implementation strategy.
We advocate ethical AI based credit learning models.
13. Privacy Compliance directives and directives on Data Security and creation of Data Security policy.
We look for strong data protection, transparency rules governing an open source community, maintaining a fintech platform lifecycle.
Naturally,
We are obliged to alert the National Data Protection Authorities. if a fintech platform does not have a public privacy policy compliant with GDPR, California Privacy Protection Acts and any relevant local jurisdictional laws governing the fintech platform, as an industry body,
14. Cyber security
We look for strong cyber security coverage. If the fintech platform is based on a blockchain, we test the public ledger for its resilience.
15. Carbon Neutrality of a public ledger
We look for carbon footprint of a fintech platform which we support and evangelise. We continue to bring new measures and quantifiable key indicators to support the Foundation's advisory position on a fintech platform.
16. Periodic Technology Audit structures
We look at strong Performance and Scalability benchmark standards in an open source financial technology stack.
17. Total Cost of ownerships covering diverse use cases and projects on the fintech platform.
We assess TCOs for an open source IP acquisition exercise of a core standardized implementation, covering different use cases of the fintech platform.
18. Orchestration standards for on demand deployments of distributed technologies of a fintech platform.
19. Data Privacy drivers and controls on consumers of Organisation, participants and stakeholders, who are maintaining the Fintech platform's lifecycle.
Whether the fintech platform has strong data privacy drivers for the consumers of the fintech platform or not.
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