Business

BML to launch new internet banking platform

Bank of Maldives (BML) announced the launch of a technologically advanced and user friendly new internet banking platform for its personal customers at midnight on Friday.

"Today’s launch represents a very positive response to the feedback from our customers that they expect to be able to conduct their banking conveniently and easily wherever they are," BML CEO and Managing Director Andrew Healy told reporters on Thursday.

New features will include:

  • Improved account view, transfer and payment functionality
  • Faster password reset feature
  • Downloadable account and credit card statements in official BML format
  • Ability to upload supporting documents for international transfers
  • Latest security and anti-fraud protection

With 9 out of every 10 transactions now taking place online, Healy noted that the numbers of customers choosing to use the bank's Internet Banking and Mobile Banking App were increasing.

"We are confident that the new BML Internet Banking, with its user-friendly interface and new features, will make the lives of our customers much easier," he added.

BML boasts a nationwide network of 34 branches across all 20 atolls, 86 ATMs, 4,000 Point of Sale merchants, 200 cash agents, 28 Self Service Banking Centres and 5 Dhoni Banking Units, as well as a full suite of Digital and Online Banking Services.