Bank of Maldives taps Finastra to upgrade core systems
Bank of Maldives (BML) has selected Finastra Essence to upgrade its core banking systems as part of its long-term digital transformation strategy. The move aims to accelerate the launch of new products and services, improve operational efficiency, and support both conventional and Islamic banking operations. Finastra's platform will simplify processes and enable straight-through processing, helping relationship managers respond to changing customer needs. BML CEO Mohamed Shareef called the partnership a pivotal step in the bank's digital transformation journey, providing an agile, future-ready foundation. Finastra Universal Banking EVP Siobhan Byron highlighted the strength of the open, flexible platform. The announcement follows Pollen Street Capital's agreement to acquire Finastra's Universal Banking business, which serves over 150 clients across more than 100 countries.
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