BML launches Innovation Lab Hackathon


The Bank of Maldives on Thursday announced the BML Innovation Lab Hackathon.

The Hackathon will be held to select participants for its new Innovation Lab with the topic of producing ‘Banking Solutions to Enhance Customer Experience.’ Individuals and teams are invited to participate in the 48-hour hackathon to create unique fintech ideas and solutions to improve customer experience and operational performance.

BML said the registration is currently open, and is limited to 50 people on a first-come, first-served basis. The Hackathon will start at 1400hrs on October 14 at Hotel Jen.

The bank further noted three winning teams will be chosen to work in the Bank’s Innovation Lab for six months to develop their winning concepts. The Bank will provide the following at the Innovation Lab:

  • A furnished private working area to use as an office
  • A monthly stipend of MVR 20,000 for each team
  • A long-term maintenance contract for the created solution

This is the 12th high impact monthly community activity leading up to commemorate the Bank’s 40th anniversary in November 2022.