diff --git a/.github/workflows/build-mariadb.yml b/.github/workflows/build-mariadb.yml
index 33b8cda34d6..26aebd539ab 100644
--- a/.github/workflows/build-mariadb.yml
+++ b/.github/workflows/build-mariadb.yml
@@ -10,7 +10,7 @@ jobs:
 
     services:
         mariad:
-            image: mariadb:11.0
+            image: mariadb:11.1
             ports:
                 - 3306:3306
             env:
diff --git a/.github/workflows/build-mysql.yml b/.github/workflows/build-mysql.yml
index 658c89c752f..40b0e8c721b 100644
--- a/.github/workflows/build-mysql.yml
+++ b/.github/workflows/build-mysql.yml
@@ -10,7 +10,7 @@ jobs:
 
     services:
         mariad:
-            image: mysql:8.0
+            image: mysql:8.2
             ports:
                 - 3306:3306
             env:
diff --git a/build.gradle b/build.gradle
index 4d932bdd995..213ed14a06a 100644
--- a/build.gradle
+++ b/build.gradle
@@ -70,12 +70,12 @@ plugins {
     id 'me.qoomon.git-versioning' version '6.4.2'
     id "org.barfuin.gradle.taskinfo" version "2.1.0"
     id 'com.adarshr.test-logger' version '4.0.0'
-    id 'com.diffplug.spotless' version '6.19.0' apply false
-    id 'org.nosphere.apache.rat' version '0.8.0' apply false
+    id 'com.diffplug.spotless' version '6.22.0' apply false
+    id 'org.nosphere.apache.rat' version '0.8.1' apply false
     id 'com.github.hierynomus.license' version '0.16.1' apply false
     id 'com.github.jk1.dependency-license-report' version '2.5' apply false
     id 'org.zeroturnaround.gradle.jrebel' version '1.1.12' apply false
-    id 'org.springframework.boot' version '3.1.1' apply false
+    id 'org.springframework.boot' version '3.1.5' apply false
     id 'net.ltgt.errorprone' version '3.1.0' apply false
     id 'io.swagger.core.v3.swagger-gradle-plugin' version '2.2.11' apply false
     id 'com.gorylenko.gradle-git-properties' version '2.4.1' apply false
@@ -85,12 +85,12 @@ plugins {
     id 'org.asciidoctor.jvm.revealjs' version '3.3.2' apply false
     id 'org.asciidoctor.jvm.gems' version '3.3.2' apply false
     id 'org.asciidoctor.kindlegen.base' version '3.2.0' apply false
-    id 'com.google.cloud.tools.jib' version '3.3.2' apply false
+    id 'com.google.cloud.tools.jib' version '3.4.0' apply false
     id 'org.sonarqube' version '4.4.1.3373'
-    id 'com.github.andygoossens.modernizer' version '1.8.0' apply false
-    id 'com.github.spotbugs' version '5.0.14' apply false
+    id 'com.github.andygoossens.modernizer' version '1.9.0' apply false
+    id 'com.github.spotbugs' version '5.2.1' apply false
     id 'se.thinkcode.cucumber-runner' version '0.0.11' apply false
-    id "com.github.davidmc24.gradle.plugin.avro-base" version "1.7.1" apply false
+    id "com.github.davidmc24.gradle.plugin.avro-base" version "1.9.1" apply false
 }
 
 apply from: "${rootDir}/buildSrc/src/main/groovy/org.apache.fineract.release.gradle"
diff --git a/buildSrc/build.gradle b/buildSrc/build.gradle
index bd62d838ab3..98a58971861 100644
--- a/buildSrc/build.gradle
+++ b/buildSrc/build.gradle
@@ -20,7 +20,7 @@
 import static org.slf4j.LoggerFactory.*
 
 plugins {
-    id 'io.spring.dependency-management' version '1.1.0'
+    id 'io.spring.dependency-management' version '1.1.3'
     id 'groovy'
     id 'java-gradle-plugin'
     id 'groovy-gradle-plugin'
diff --git a/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle b/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle
index fc5c8365a7a..00274ff5f39 100644
--- a/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle
+++ b/buildSrc/src/main/groovy/org.apache.fineract.dependencies.gradle
@@ -22,15 +22,15 @@ apply plugin: 'io.spring.dependency-management'
 // https://github.com/spring-gradle-plugins/dependency-management-plugin
 dependencyManagement {
     imports {
-        mavenBom 'org.springframework:spring-framework-bom:6.0.10'
-        mavenBom 'org.springframework.boot:spring-boot-dependencies:3.1.1'
-        mavenBom 'org.jetbrains.kotlin:kotlin-bom:1.8.22'
-        mavenBom 'org.junit:junit-bom:5.9.3'
-        mavenBom 'com.fasterxml.jackson:jackson-bom:2.15.2'
-        mavenBom 'io.cucumber:cucumber-bom:7.12.1'
-        mavenBom 'io.netty:netty-bom:4.1.94.Final'
-        mavenBom 'org.mockito:mockito-bom:5.4.0'
-        mavenBom 'software.amazon.awssdk:bom:2.20.97'
+        mavenBom 'org.springframework:spring-framework-bom:6.0.13'
+        mavenBom 'org.springframework.boot:spring-boot-dependencies:3.1.5'
+        mavenBom 'org.jetbrains.kotlin:kotlin-bom:1.9.20'
+        mavenBom 'org.junit:junit-bom:5.10.0'
+        mavenBom 'com.fasterxml.jackson:jackson-bom:2.15.3'
+        mavenBom 'io.cucumber:cucumber-bom:7.14.0'
+        mavenBom 'io.netty:netty-bom:4.1.100.Final'
+        mavenBom 'org.mockito:mockito-bom:5.7.0'
+        mavenBom 'software.amazon.awssdk:bom:2.21.15'
     }
 
     dependencies {
@@ -38,16 +38,16 @@ dependencyManagement {
         // We do not use :+ to get the latest available version available on Maven Central, as that could suddenly break things.
         // We use the Renovate Bot to automatically propose Pull Requests (PRs) when upgrades for all of these versions are available.
 
-        dependency 'org.slf4j:slf4j-api:2.0.7'
-        dependency 'org.slf4j:slf4j-simple:2.0.7'
-        dependency 'org.slf4j:jcl-over-slf4j:2.0.7'
-        dependency 'org.slf4j:jul-to-slf4j:2.0.7'
-        dependency 'org.slf4j:log4j-over-slf4j:2.0.7'
-        dependency 'ch.qos.logback:logback-core:1.4.8'
-        dependency 'ch.qos.logback:logback-classic:1.4.8'
+        dependency 'org.slf4j:slf4j-api:2.0.9'
+        dependency 'org.slf4j:slf4j-simple:2.0.9'
+        dependency 'org.slf4j:jcl-over-slf4j:2.0.9'
+        dependency 'org.slf4j:jul-to-slf4j:2.0.9'
+        dependency 'org.slf4j:log4j-over-slf4j:2.0.9'
+        dependency 'ch.qos.logback:logback-core:1.4.11'
+        dependency 'ch.qos.logback:logback-classic:1.4.11'
         dependency 'ch.qos.logback.contrib:logback-json-classic:0.1.5'
         dependency 'ch.qos.logback.contrib:logback-jackson:0.1.5'
-        dependency 'org.codehaus.janino:janino:3.1.9'
+        dependency 'org.codehaus.janino:janino:3.1.10'
 
 
         dependency 'org.eclipse.persistence:org.eclipse.persistence.jpa:4.0.0'
@@ -55,25 +55,25 @@ dependencyManagement {
         dependency 'com.google.code.gson:gson:2.10.1'
         dependency 'com.google.truth:truth:1.1.5'
         dependency 'com.google.truth.extensions:truth-java8-extension:1.1.5'
-        dependency 'com.google.googlejavaformat:google-java-format:1.17.0'
+        dependency 'com.google.googlejavaformat:google-java-format:1.18.1'
         dependency ('org.apache.commons:commons-email:1.5') {
             exclude 'com.sun.mail:javax.mail'
             exclude 'javax.activation:activation'
         }
-        dependency 'commons-io:commons-io:2.13.0'
-        dependency 'com.github.librepdf:openpdf:1.3.30'
-        dependency ('org.mnode.ical4j:ical4j:3.2.11') {
+        dependency 'commons-io:commons-io:2.15.0'
+        dependency 'com.github.librepdf:openpdf:1.3.32'
+        dependency ('org.mnode.ical4j:ical4j:3.2.14') {
             exclude 'com.sun.mail:javax.mail'
             exclude 'org.codehaus.groovy:groovy'
         }
         dependency 'org.apache.commons:commons-csv:1.10.0'
         dependency 'org.quartz-scheduler:quartz:2.3.2'
-        dependency 'software.amazon.awssdk:bom:2.20.97'
+        dependency 'software.amazon.awssdk:bom:2.21.15'
         dependency 'org.ehcache:ehcache:3.10.8'
-        dependency 'com.github.spullara.mustache.java:compiler:0.9.10'
+        dependency 'com.github.spullara.mustache.java:compiler:0.9.11'
         dependency 'com.jayway.jsonpath:json-path:2.8.0'
-        dependency 'org.apache.tika:tika-core:2.8.0'
-        dependency ('org.apache.tika:tika-parser-microsoft-module:2.8.0') {
+        dependency 'org.apache.tika:tika-core:2.9.1'
+        dependency ('org.apache.tika:tika-parser-microsoft-module:2.9.1') {
             exclude 'org.bouncycastle:bcprov-jdk15on'
             exclude 'org.bouncycastle:bcmail-jdk15on'
             exclude 'org.bouncycastle:bcprov-jdk18on'
@@ -92,7 +92,7 @@ dependencyManagement {
             exclude 'org.apache.commons:commons-compress'
             exclude 'xml-apis:xml-apis'
         }
-        dependency ('org.apache.tika:tika-parser-miscoffice-module:2.8.0') {
+        dependency ('org.apache.tika:tika-parser-miscoffice-module:2.9.1') {
             exclude 'org.bouncycastle:bcprov-jdk15on'
             exclude 'org.bouncycastle:bcmail-jdk15on'
             exclude 'org.bouncycastle:bcprov-jdk18on'
@@ -116,19 +116,19 @@ dependencyManagement {
         dependency 'jakarta.management.j2ee:jakarta.management.j2ee-api:1.1.4'
         dependency 'jakarta.jms:jakarta.jms-api:3.1.0'
         dependency 'jakarta.ws.rs:jakarta.ws.rs-api:3.1.0'
-        dependency 'org.glassfish.jersey.media:jersey-media-multipart:3.1.2'
+        dependency 'org.glassfish.jersey.media:jersey-media-multipart:3.1.3'
         dependency 'org.glassfish.jaxb:jaxb-runtime:2.3.6' // Swagger needs exactly this version
         dependency 'org.apache.bval:org.apache.bval.bundle:3.0.0'
         dependency 'joda-time:joda-time:2.12.5'
 
-        dependency 'io.github.classgraph:classgraph:4.8.160'
+        dependency 'io.github.classgraph:classgraph:4.8.164'
         dependency 'org.awaitility:awaitility:4.2.0'
-        dependency 'com.github.spotbugs:spotbugs-annotations:4.7.3'
+        dependency 'com.github.spotbugs:spotbugs-annotations:4.8.0'
         dependency 'javax.cache:cache-api:1.1.1'
         dependency 'org.mock-server:mockserver-junit-jupiter:5.15.0'
-        dependency 'org.webjars:webjars-locator-core:0.53'
+        dependency 'org.webjars:webjars-locator-core:0.54'
         dependency 'com.icegreen:greenmail-junit5:2.0.0'
-        dependency 'com.intuit.karate:karate-junit5:1.4.0'
+        dependency 'com.intuit.karate:karate-junit5:1.4.1'
 
         // fineract client dependencies
         dependency "com.squareup.retrofit2:retrofit:2.9.0"
@@ -148,37 +148,37 @@ dependencyManagement {
         dependency "org.apache.oltu.oauth2:org.apache.oltu.oauth2.common:1.0.1"
         dependency "org.apache.oltu.oauth2:org.apache.oltu.oauth2.client:1.0.1"
         dependency "org.apache.oltu.oauth2:org.apache.oltu.oauth2.httpclient4:1.0.1"
-        dependency "com.squareup.okhttp3:okhttp:4.11.0"
-        dependency "com.squareup.okhttp3:okcurl:4.11.0"
-        dependency "com.squareup.okhttp3:logging-interceptor:4.11.0"
+        dependency "com.squareup.okhttp3:okhttp:4.12.0"
+        dependency "com.squareup.okhttp3:okcurl:4.12.0"
+        dependency "com.squareup.okhttp3:logging-interceptor:4.12.0"
         dependency "com.squareup.okhttp3:okhttp-apache:4.9.3"
         dependency "com.squareup.okhttp3:okhttp-android-support:4.9.3"
-        dependency "com.squareup.okhttp3:okhttp-urlconnection:4.11.0"
-        dependency "com.squareup.okhttp3:okhttp-sse:4.11.0"
+        dependency "com.squareup.okhttp3:okhttp-urlconnection:4.12.0"
+        dependency "com.squareup.okhttp3:okhttp-sse:4.12.0"
         dependency "io.gsonfire:gson-fire:1.8.5"
         dependency "com.google.code.findbugs:jsr305:3.0.2"
         dependency "commons-codec:commons-codec:1.16.0"
-        dependency "org.projectlombok:lombok:1.18.28"
+        dependency "org.projectlombok:lombok:1.18.30"
 
-        dependency 'org.bouncycastle:bcpkix-jdk15to18:1.75'
-        dependency 'org.bouncycastle:bcprov-jdk15to18:1.75'
+        dependency 'org.bouncycastle:bcpkix-jdk15to18:1.76'
+        dependency 'org.bouncycastle:bcprov-jdk15to18:1.76'
         dependency 'org.bouncycastle:bcprov-jdk15on:1.70'
         dependency 'org.bouncycastle:bcpg-jdk15on:1.70'
 
-        dependency 'org.eclipse.jgit:org.eclipse.jgit:6.6.0.202305301015-r'
-        dependency 'org.eclipse.jgit:org.eclipse.jgit.ssh.apache:6.6.0.202305301015-r'
+        dependency 'org.eclipse.jgit:org.eclipse.jgit:6.7.0.202309050840-r'
+        dependency 'org.eclipse.jgit:org.eclipse.jgit.ssh.apache:6.7.0.202309050840-r'
 
         dependency 'org.tmatesoft.svnkit:svnkit:1.10.11'
         dependency 'com.vdurmont:semver4j:3.1.0'
         dependency 'org.beryx:text-io:3.4.1'
 
-        dependency ('org.springdoc:springdoc-openapi-starter-webmvc-ui:2.1.0') {
+        dependency ('org.springdoc:springdoc-openapi-starter-webmvc-ui:2.2.0') {
             exclude 'io.swagger.core.v3:swagger-core'
         }
 
-        dependency 'com.google.cloud.sql:mysql-socket-factory-connector-j-8:1.12.0'
+        dependency 'com.google.cloud.sql:mysql-socket-factory-connector-j-8:1.14.1'
 
-        dependency ('org.apache.activemq:activemq-client-jakarta:5.18.2') {
+        dependency ('org.apache.activemq:activemq-client-jakarta:5.18.3') {
             exclude 'javax.annotation:javax.annotation-api'
         }
 
@@ -200,7 +200,7 @@ dependencyManagement {
             exclude 'jakarta.activation:jakarta.activation-api'
         }
 
-        dependency ('org.liquibase:liquibase-core:4.23.0') {
+        dependency ('org.liquibase:liquibase-core:4.24.0') {
             exclude 'javax.xml.bind:jaxb-api'
         }
 
@@ -214,28 +214,28 @@ dependencyManagement {
         dependency 'org.owasp.esapi:esapi:2.5.2.0'
         dependency 'org.awaitility:awaitility:4.2.0'
 
-        dependencySet(group: 'org.apache.poi', version: '5.2.3') {
+        dependencySet(group: 'org.apache.poi', version: '5.2.4') {
             entry 'poi'
             entry 'poi-ooxml'
             entry 'poi-ooxml-schemas'
         }
 
-        dependencySet(group: 'io.rest-assured', version: '5.3.1') {
+        dependencySet(group: 'io.rest-assured', version: '5.3.2') {
             entry 'rest-assured'
             entry 'json-path'
             entry 'xml-path'
         }
-        dependency 'org.apache.groovy:groovy-xml:4.0.13'
-        dependency 'org.apache.groovy:groovy-json:4.0.13'
+        dependency 'org.apache.groovy:groovy-xml:4.0.14'
+        dependency 'org.apache.groovy:groovy-json:4.0.15'
 
         dependency 'org.mapstruct:mapstruct:1.5.5.Final'
         dependency 'org.mapstruct:mapstruct-processor:1.5.5.Final'
 
-        dependency "org.apache.avro:avro:1.11.1"
+        dependency "org.apache.avro:avro:1.11.3"
 
-        dependency "io.github.resilience4j:resilience4j-spring-boot2:2.0.2"
+        dependency "io.github.resilience4j:resilience4j-spring-boot2:2.1.0"
 
-        dependency ('org.mariadb.jdbc:mariadb-java-client:3.1.4') {
+        dependency ('org.mariadb.jdbc:mariadb-java-client:3.2.0') {
             exclude 'org.slf4j:jcl-over-slf4j'
             exclude 'org.slf4j:slf4j-api'
         }
diff --git a/custom/docker/docker-compose.yml b/custom/docker/docker-compose.yml
index adc1180e34f..ae5b69d0000 100644
--- a/custom/docker/docker-compose.yml
+++ b/custom/docker/docker-compose.yml
@@ -21,7 +21,7 @@ version: '3.7'
 services:
   # Backend service
   fineractmysql:
-    image: mariadb:11.0
+    image: mariadb:11.1
     volumes:
       - ../../fineract-db/server_collation.cnf:/etc/mysql/conf.d/server_collation.cnf
       - ../../fineract-db/docker:/docker-entrypoint-initdb.d:Z,ro
diff --git a/docker-compose.yml b/docker-compose.yml
index dd2e3fe66b8..a07fac485ec 100644
--- a/docker-compose.yml
+++ b/docker-compose.yml
@@ -21,7 +21,7 @@ version: '3.7'
 services:
   # Backend service
   fineractmysql:
-    image: mariadb:11.0
+    image: mariadb:11.1
     volumes:
       - ./fineract-db/server_collation.cnf:/etc/mysql/conf.d/server_collation.cnf
       - ./fineract-db/docker:/docker-entrypoint-initdb.d:Z,ro
diff --git a/gradle/wrapper/gradle-wrapper.jar b/gradle/wrapper/gradle-wrapper.jar
index 249e5832f09..7f93135c49b 100644
Binary files a/gradle/wrapper/gradle-wrapper.jar and b/gradle/wrapper/gradle-wrapper.jar differ
diff --git a/gradle/wrapper/gradle-wrapper.properties b/gradle/wrapper/gradle-wrapper.properties
index 15de90249f9..3fa8f862f75 100644
--- a/gradle/wrapper/gradle-wrapper.properties
+++ b/gradle/wrapper/gradle-wrapper.properties
@@ -1,5 +1,7 @@
 distributionBase=GRADLE_USER_HOME
 distributionPath=wrapper/dists
-distributionUrl=https\://services.gradle.org/distributions/gradle-8.2-bin.zip
+distributionUrl=https\://services.gradle.org/distributions/gradle-8.4-bin.zip
+networkTimeout=10000
+validateDistributionUrl=true
 zipStoreBase=GRADLE_USER_HOME
 zipStorePath=wrapper/dists
diff --git a/gradlew b/gradlew
index a69d9cb6c20..1aa94a42690 100755
--- a/gradlew
+++ b/gradlew
@@ -55,7 +55,7 @@
 #       Darwin, MinGW, and NonStop.
 #
 #   (3) This script is generated from the Groovy template
-#       https://github.com/gradle/gradle/blob/master/subprojects/plugins/src/main/resources/org/gradle/api/internal/plugins/unixStartScript.txt
+#       https://github.com/gradle/gradle/blob/HEAD/subprojects/plugins/src/main/resources/org/gradle/api/internal/plugins/unixStartScript.txt
 #       within the Gradle project.
 #
 #       You can find Gradle at https://github.com/gradle/gradle/.
@@ -80,13 +80,11 @@ do
     esac
 done
 
-APP_HOME=$( cd "${APP_HOME:-./}" && pwd -P ) || exit
-
-APP_NAME="Gradle"
+# This is normally unused
+# shellcheck disable=SC2034
 APP_BASE_NAME=${0##*/}
-
-# Add default JVM options here. You can also use JAVA_OPTS and GRADLE_OPTS to pass JVM options to this script.
-DEFAULT_JVM_OPTS='"-Xmx64m" "-Xms64m"'
+# Discard cd standard output in case $CDPATH is set (https://github.com/gradle/gradle/issues/25036)
+APP_HOME=$( cd "${APP_HOME:-./}" > /dev/null && pwd -P ) || exit
 
 # Use the maximum available, or set MAX_FD != -1 to use that value.
 MAX_FD=maximum
@@ -133,22 +131,29 @@ location of your Java installation."
     fi
 else
     JAVACMD=java
-    which java >/dev/null 2>&1 || die "ERROR: JAVA_HOME is not set and no 'java' command could be found in your PATH.
+    if ! command -v java >/dev/null 2>&1
+    then
+        die "ERROR: JAVA_HOME is not set and no 'java' command could be found in your PATH.
 
 Please set the JAVA_HOME variable in your environment to match the
 location of your Java installation."
+    fi
 fi
 
 # Increase the maximum file descriptors if we can.
 if ! "$cygwin" && ! "$darwin" && ! "$nonstop" ; then
     case $MAX_FD in #(
       max*)
+        # In POSIX sh, ulimit -H is undefined. That's why the result is checked to see if it worked.
+        # shellcheck disable=SC2039,SC3045
         MAX_FD=$( ulimit -H -n ) ||
             warn "Could not query maximum file descriptor limit"
     esac
     case $MAX_FD in  #(
       '' | soft) :;; #(
       *)
+        # In POSIX sh, ulimit -n is undefined. That's why the result is checked to see if it worked.
+        # shellcheck disable=SC2039,SC3045
         ulimit -n "$MAX_FD" ||
             warn "Could not set maximum file descriptor limit to $MAX_FD"
     esac
@@ -193,11 +198,15 @@ if "$cygwin" || "$msys" ; then
     done
 fi
 
-# Collect all arguments for the java command;
-#   * $DEFAULT_JVM_OPTS, $JAVA_OPTS, and $GRADLE_OPTS can contain fragments of
-#     shell script including quotes and variable substitutions, so put them in
-#     double quotes to make sure that they get re-expanded; and
-#   * put everything else in single quotes, so that it's not re-expanded.
+
+# Add default JVM options here. You can also use JAVA_OPTS and GRADLE_OPTS to pass JVM options to this script.
+DEFAULT_JVM_OPTS='"-Xmx64m" "-Xms64m"'
+
+# Collect all arguments for the java command:
+#   * DEFAULT_JVM_OPTS, JAVA_OPTS, JAVA_OPTS, and optsEnvironmentVar are not allowed to contain shell fragments,
+#     and any embedded shellness will be escaped.
+#   * For example: A user cannot expect ${Hostname} to be expanded, as it is an environment variable and will be
+#     treated as '${Hostname}' itself on the command line.
 
 set -- \
         "-Dorg.gradle.appname=$APP_BASE_NAME" \
diff --git a/gradlew.bat b/gradlew.bat
index 53a6b238d41..6689b85beec 100644
--- a/gradlew.bat
+++ b/gradlew.bat
@@ -26,6 +26,7 @@ if "%OS%"=="Windows_NT" setlocal
 
 set DIRNAME=%~dp0
 if "%DIRNAME%"=="" set DIRNAME=.
+@rem This is normally unused
 set APP_BASE_NAME=%~n0
 set APP_HOME=%DIRNAME%
 
diff --git a/settings.gradle b/settings.gradle
index c2e69e4423e..871f5436a06 100644
--- a/settings.gradle
+++ b/settings.gradle
@@ -18,8 +18,8 @@
  */
 
 plugins {
-    id 'com.gradle.enterprise' version '3.13.4'
-    id 'com.gradle.common-custom-user-data-gradle-plugin' version '1.11'
+    id 'com.gradle.enterprise' version '3.15.1'
+    id 'com.gradle.common-custom-user-data-gradle-plugin' version '1.12'
 }
 
 def isCI = System.getenv('JENKINS_URL') != null