Ashok Auty
Co-founder and Chief Customer Officer, Lokta
If your loan book has ever run on Apache Fineract, you have used software Ashok helped write.
- 2006First year writing production software, at IBM
- 10 yearsCo-founder and COO of Finflux, a commercial lending platform built on Fineract
- 2017Apache Fineract, which he co-created, became an Apache top-level project
- 3 yearsSenior Vice President at M2P Fintech, after it acquired Finflux
About Ashok
Ashok Auty co-founded Lokta in 2026 and, as Chief Customer Officer, leads implementation: when a lender moves its book onto the platform, he is the person accountable for the plan and the cut-over.
He started at IBM in 2006 and spent five years at Fidelity Investments as a senior software engineer. In 2012 he co-founded Finflux, a commercial lending platform on Apache Fineract, and ran it as Chief Operating Officer for ten years, through the years when Fineract itself grew out of Mifos X, entered the Apache Incubator in 2015 and became a Top-Level Project of the Apache Software Foundation in April 2017. He mentored for the Mifos Initiative through Google Summer of Code along the way. When M2P Fintech acquired Finflux in 2022, he stayed three more years as a Senior Vice President, running integrations, customer management and onboarding for the lenders on it.
Running those systems in production taught him three things he has written up in full: overnight batch runs stall once automation arrives, per-module data models leave people reconciling by hand, and bolt-on integrations harden into debt nobody can audit. Lokta is a new codebase, not a fork of Fineract, and those lessons set its shape: money moves on a deterministic core, agents propose the work, and the lender’s policy decides it.
Career
- 2026 to nowCo-founder and Chief Customer OfficerLoktaLeads implementation and the migration assessment for every lender.
- 2022 to 2025Senior Vice PresidentM2P Fintech (Finflux)Integrations, customer management and onboarding for lenders on Finflux, after M2P acquired it.
- 2012 to 2022Co-founder and Chief Operating OfficerFinfluxA commercial lending platform built on Apache Fineract. Ten years running the platform lenders in India and abroad used for their books.
- 2007 to 2012Senior Software EngineerFidelity Investments
- 2006 to 2007Software EngineerIBM
EducationIndian Institute of Management, Bangalore
Public work
- Apache Fineract, the project siteThe open-source lending core he co-created.
- Mifos X, the Mifos distribution of FineractWhere the codebase began.
- Mifos Google Summer of Code, 2016Named as a mentor on the credit bureau integration project.
Writing
- Build, buy, or compose: the credit-decisioning call a lender gets one shot at
- Why your LMS ledger should never be model-guessed
- Loan portfolio analysis: the measures a lender needs, and why they end up in Excel
- The Customization Trap: When LMS Vendors Bill Every Change
- Ten Things Your LMS Needs to Do in 2026
- AI in Lending: Where the Real Value Will Land in the Next 3-5 Years
All 20 posts
- The 30-Call Limit: Why Your LOS API Quietly Caps Your Lending Velocity
- 100 LMS Reviews: The Same Six Complaints Recur
- Agentic AI Is the Next Operating System for Lending
- How to Use AI Agents in Loan Servicing
- Before you renew your LMS, assess these five symptoms
- Agentic Lending and the 5× Problem
- The Lending Technology Pain Map: 3 Audiences
- Modular monolith vs microservices for a lending core: why Lokta is polylithic
- What We Learned Building Apache Fineract
- The Bullet Train Problem: Legacy LMS vs. AI Lending
- Cumulative Impact of Apache Fineract on Global Lending
- AI in Lending: Why a Deterministic Core
- Lokta's Philosophy for Auditable AI in Lending
- Connected Lending: Fixing Loan Lifecycle Chaos
Apache, Apache Fineract and Fineract are trademarks of the Apache Software Foundation. Lokta is not affiliated with, sponsored by or endorsed by the Apache Software Foundation, the Mifos Initiative, or any other company named here.