BML announces winners of its hackathon

Bank of Maldives on Monday announced the winners of its Innovation Lab Hackathon.

The winners were announced at the closing ceremony held on Sunday night at Hotel Jen.

The winning ideas:

1. Digital onboarding submitted by Ahmed Mahfooz, Hussain Zayaan, Moosa Irushaan

2. Expense Tracker submitted by Mohamed Athik Ali Riza, Fathimath Areen Naseem, Mohamed Yaniu Rameez

3. Personal Finance Manager submitted by Mohamed Jailam, Ibrahim Hussain Shareef, Mohamed Eeman

This year, the Hackathon was held with over 30 participants, under the theme of developing ‘Banking Solutions to Enhance Customer Experience.

Over the 48-hour hackathon participants worked to develop innovative fintech ideas and solutions to enhance customer experience and operational excellence.

Commenting on the event, BML’s In-charge and Acting MD, Aishath Noordeen expressed delight over the fintech community coming together for this Hackathon.

She went on to state that the interest from developers has delivered creative solutions that will help them provide a better banking experience.

“We are excited to welcome the winners to our Innovation Lab and support the teams to realize their idea. Thank you to the participants and my appreciation to the mentors who helped us bring this idea to life”.

Three winning teams will go into the Bank’s Innovation Lab to develop their winning ideas over a period of six months.

At the Innovation Lab, BML will provide:

• A furnished private working space to use as an office

• Monthly allowance of MVR 20,000 for each team

• Long-term maintenance contract of the developed solution