BML Bolsters Cybersecurity, Expands Services Amid Record Profits

Bank of Maldives (BML) bolstered cybersecurity and expanded services, as announced by CEO Karl Stumke at the AGM. BML sent 4.7 million SMS alerts and over 100 social media warnings to counter fraud. It introduced two-factor authentication but uptake of tokens was low. No bank breach occurred. BML added ATMs to seven islands including Hulhumalé Phase II, totaling 142 ATMs (75% of country's ATMs), with plans for 57 more. In 2023, BML posted record net profit of MVR 2.07 billion, with customer deposits growing by MVR 1.6 billion. BML now supports transactions in Emirati Dirham and Chinese Yuan, offering Renminbi accounts.

Bank of Maldives (BML) bolstered cybersecurity and expanded services, as announced by CEO Karl Stumke at the AGM. BML sent 4.7 million SMS alerts and over 100 social media warnings to counter fraud. It introduced two-factor authentication but uptake of tokens was low. No bank breach occurred. BML added ATMs to seven islands including Hulhumalé Phase II, totaling 142 ATMs (75% of country's ATMs), with plans for 57 more. In 2023, BML posted record net profit of MVR 2.07 billion, with customer deposits growing by MVR 1.6 billion. BML now supports transactions in Emirati Dirham and Chinese Yuan, offering Renminbi accounts.

Bank of Maldives (BML) bolstered cybersecurity and expanded services, as announced by CEO Karl Stumke at the AGM. BML sent 4.7 million SMS alerts and over 100 social media warnings to counter fraud. It introduced two-factor authentication but uptake of tokens was low. No bank breach occurred. BML added ATMs to seven islands including Hulhumalé Phase II, totaling 142 ATMs (75% of country's ATMs), with plans for 57 more. In 2023, BML posted record net profit of MVR 2.07 billion, with customer deposits growing by MVR 1.6 billion. BML now supports transactions in Emirati Dirham and Chinese Yuan, offering Renminbi accounts.

This story involves 1 source and may affect public understanding of bml / cybersecurity.