[Incubator Wiki] Update of "May2016" by EdwardCable

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The "May2016" page has been changed by EdwardCable:
https://wiki.apache.org/incubator/May2016?action=diff&rev1=54&rev2=55

Comment:
Submitted report for Apache Fineract

  Blur
  Climate Model Diagnostic Analyzer
  Eagle
+ Fineract
  Gearpump
  Guacamole
  iota
@@ -453, +454 @@

      release process is repeatable.
  
  --------------------
+ Fineract
+ 
+ Fineract is an open source system for core banking as a platform.
+ 
+ Fineract has been incubating since 2015-12-15.
+ 
+ Three most important issues to address in the move towards graduation:
+ 
+  1. Finalizing the initial release 
+  2. Addressing with the VP of Legal our Hibernate dependency and how to remedy (removal, exception, etc.)
+  3. Continue to encourage participation in Fineract collaboration and communication infrastructure by bringing offline interactions online and directing collaboration to occur in right channels. 
+ 
+ Any issues that the Incubator PMC (IPMC) or ASF Board wish/need to be aware of?
+  
+  None
+ 
+ How has the community developed since the last report?
+ 
+  Participated in and selected one intern for Google Summer of Code working on the India Unified Payments Interface.
+  Community members attended LinuxFest Northwest in Bellingham, WA and encouraged developers to get involved in the Apache Fineract community. 
+  Discussion of requirements is taking place via mailing lists for major enhancements community is anticipating over next quarter. 
+ 
+ How has the project developed since the last report? 
+ 
+  More communications are happening on the appropriate lists as we have been directing conversations to happen in the public mailing lists and outside of previous community silos. 
+ 
+ Date of last release:
+ 
+  N/A
+ 
+ When were the last committers or PMC members elected?
+  
+  N/A
+ 
+ Shepherd/Mentor notes:
+ 
+ --------------------
  
  Gearpump
  

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