{"id":17428,"date":"2026-07-21T12:38:51","date_gmt":"2026-07-21T07:38:51","guid":{"rendered":"https:\/\/mbt.mv\/?p=17428"},"modified":"2026-07-21T12:38:51","modified_gmt":"2026-07-21T07:38:51","slug":"bml-to-transform-core-banking-with-finastra","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=17428","title":{"rendered":"BML to Transform Core Banking with Finastra"},"content":{"rendered":"<p>The Bank of Maldives (BML) announces its next major step towards development.<\/p>\n<p>As such, BML chooses Finastra&#8217;s Essence next-generation platform to enhance agility, support innovation, and strengthen customer experience.<\/p>\n<p>Finastra confirmed this strategic partnership on Tuesday, confirming that BML has selected Finastra Essence to modernize its core banking operations and support its long-term digital transformation strategy. This partnership will enable BML to accelerate product innovation, enhance the bank&#8217;s operational efficiency. Additionally, this partnership allows the bank to deliver seamless banking experiences across both conventional and Islamic banking service.<\/p>\n<p>With Finastra&#8217;s implementation, BML will gain a modern, open and flexible platform that supports expeditious product and service marketing and streamlined operations.<\/p>\n<p>&#8220;At Bank of Maldives, our strategy is anchored in continuous innovation and delivering lasting value to the customers and communities we serve,&#8221; Mohamed Shareef, the bank&#8217;s CEO and Managing Director commented.<\/p>\n<p>&#8220;Our partnership with Finastra Essence represents a pivotal step in our digital transformation journey providing the agile, future-ready foundation we need to accelerate innovation, drive operational excellence, and expand our ability to deliver world-class financial services to customers nationwide.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Maldives (BML) announces its next major step towards development. As such, BML chooses Finastra&#8217;s Essence next-generation platform to enhance agility, support innovation, and strengthen customer experience. Finastra confirmed this strategic partnership on Tuesday, confirming that BML has selected Finastra Essence to modernize its core banking operations and support its long-term digital transformation<\/p>\n","protected":false},"author":4,"featured_media":17429,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423,2508,2464,2437,2507],"tags":[189,191,193,221,3562],"class_list":["post-17428","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-latest-news","category-local-news","category-science-tech","category-top-stories-featured-area","tag-bank-of-maldives","tag-banking-and-financing","tag-banking-sector","tag-bml","tag-finastra"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BML to Transform Core Banking with Finastra - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=17428\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BML to Transform Core Banking with Finastra - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The Bank of Maldives (BML) announces its next major step towards development. As such, BML chooses Finastra&#8217;s Essence next-generation platform to enhance agility, support innovation, and strengthen customer experience. Finastra confirmed this strategic partnership on Tuesday, confirming that BML has selected Finastra Essence to modernize its core banking operations and support its long-term digital transformation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=17428\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-21T07:38:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=17428#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=17428\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"BML to Transform Core Banking with Finastra\",\"datePublished\":\"2026-07-21T07:38:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=17428\"},\"wordCount\":191,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=17428#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg\",\"keywords\":[\"Bank of Maldives\",\"Banking and Financing\",\"Banking Sector\",\"BML\",\"Finastra\"],\"articleSection\":[\"BUSINESS\",\"Latest News\",\"Local News\",\"Science-Tech\",\"TOP STORIES - Featured Area\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=17428#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=17428\",\"url\":\"https:\/\/mbt.mv\/?p=17428\",\"name\":\"BML to Transform Core Banking with Finastra - Maldives Business Times\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=17428#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=17428#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg\",\"datePublished\":\"2026-07-21T07:38:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mbt.mv\/?p=17428#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mbt.mv\/?p=17428\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/?p=17428#primaryimage\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg\",\"width\":1440,\"height\":800,\"caption\":\"Photo: BML\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mbt.mv\/?p=17428#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mbt.mv\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BML to Transform Core Banking with Finastra\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mbt.mv\/#website\",\"url\":\"https:\/\/mbt.mv\/\",\"name\":\"Maldives Business Times\",\"description\":\"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.\",\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mbt.mv\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mbt.mv\/#organization\",\"name\":\"Maldives Business Times\",\"url\":\"https:\/\/mbt.mv\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"width\":1312,\"height\":736,\"caption\":\"Maldives Business Times\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/mvbiztimes\",\"https:\/\/x.com\/mvbiztimes\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\",\"name\":\"Mohamed Reehaan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"caption\":\"Mohamed Reehaan\"},\"url\":\"https:\/\/mbt.mv\/?author=4\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BML to Transform Core Banking with Finastra - Maldives Business Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mbt.mv\/?p=17428","og_locale":"en_US","og_type":"article","og_title":"BML to Transform Core Banking with Finastra - Maldives Business Times","og_description":"The Bank of Maldives (BML) announces its next major step towards development. As such, BML chooses Finastra&#8217;s Essence next-generation platform to enhance agility, support innovation, and strengthen customer experience. Finastra confirmed this strategic partnership on Tuesday, confirming that BML has selected Finastra Essence to modernize its core banking operations and support its long-term digital transformation","og_url":"https:\/\/mbt.mv\/?p=17428","og_site_name":"Maldives Business Times","article_publisher":"https:\/\/www.facebook.com\/mvbiztimes","article_published_time":"2026-07-21T07:38:51+00:00","og_image":[{"width":1440,"height":800,"url":"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg","type":"image\/jpeg"}],"author":"Mohamed Reehaan","twitter_card":"summary_large_image","twitter_creator":"@mvbiztimes","twitter_site":"@mvbiztimes","twitter_misc":{"Written by":"Mohamed Reehaan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mbt.mv\/?p=17428#article","isPartOf":{"@id":"https:\/\/mbt.mv\/?p=17428"},"author":{"name":"Mohamed Reehaan","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2"},"headline":"BML to Transform Core Banking with Finastra","datePublished":"2026-07-21T07:38:51+00:00","mainEntityOfPage":{"@id":"https:\/\/mbt.mv\/?p=17428"},"wordCount":191,"commentCount":0,"publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"image":{"@id":"https:\/\/mbt.mv\/?p=17428#primaryimage"},"thumbnailUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg","keywords":["Bank of Maldives","Banking and Financing","Banking Sector","BML","Finastra"],"articleSection":["BUSINESS","Latest News","Local News","Science-Tech","TOP STORIES - Featured Area"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mbt.mv\/?p=17428#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mbt.mv\/?p=17428","url":"https:\/\/mbt.mv\/?p=17428","name":"BML to Transform Core Banking with Finastra - Maldives Business Times","isPartOf":{"@id":"https:\/\/mbt.mv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mbt.mv\/?p=17428#primaryimage"},"image":{"@id":"https:\/\/mbt.mv\/?p=17428#primaryimage"},"thumbnailUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg","datePublished":"2026-07-21T07:38:51+00:00","breadcrumb":{"@id":"https:\/\/mbt.mv\/?p=17428#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mbt.mv\/?p=17428"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/?p=17428#primaryimage","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2026\/07\/BML.jpg","width":1440,"height":800,"caption":"Photo: BML"},{"@type":"BreadcrumbList","@id":"https:\/\/mbt.mv\/?p=17428#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mbt.mv\/"},{"@type":"ListItem","position":2,"name":"BML to Transform Core Banking with Finastra"}]},{"@type":"WebSite","@id":"https:\/\/mbt.mv\/#website","url":"https:\/\/mbt.mv\/","name":"Maldives Business Times","description":"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.","publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mbt.mv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mbt.mv\/#organization","name":"Maldives Business Times","url":"https:\/\/mbt.mv\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","width":1312,"height":736,"caption":"Maldives Business Times"},"image":{"@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mvbiztimes","https:\/\/x.com\/mvbiztimes"]},{"@type":"Person","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2","name":"Mohamed Reehaan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","caption":"Mohamed Reehaan"},"url":"https:\/\/mbt.mv\/?author=4"}]}},"_links":{"self":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/17428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17428"}],"version-history":[{"count":1,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/17428\/revisions"}],"predecessor-version":[{"id":17430,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/17428\/revisions\/17430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/media\/17429"}],"wp:attachment":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}