BML Innovation Lab Hackathon kicks off with over 30 participants

Bank of Maldives (BML), on Friday, kicked off its Innovation Lab Hackathon with over 30 participants.

The 48-hour Hackathon is being held at Hotel Jen, under the theme ‘Developing Banking Solutions to Enhance Customer Experience’. Individuals and team registered will develop innovative fintech ideas and solutions to enhance customer experience and operational excellence.

BML detailed that three winning teams will be selected to go into the Bank’s Innovation Lab to develop their winning ideas over a period of six months. They also noted that the winners will mutually agree on the cost of the solution and 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

The Bank said that the winning teams will be announced on Sunday, October 16.