Bank of Maldives
11, Boduthakurufaanu Magu,
Male, 20-05,
Maldives
Male, 20-05,
Maldives
960 333-0200
Banking and Financial Services
Bank of Maldives Technographics
Bank of Maldives Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Bank of Maldives and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1000 Bank of Maldives employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Bank of Maldives has purchased the following applications: Temenos T24 for Core Banking in 2014, Microsoft 365 for Collaboration in 2021, Intuit Mailchimp Mandrill for Transactional Email in 2021 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Bank of Maldives is running and its propensity to invest more and deepen its relationship with Temenos , Microsoft , Intuit or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Bank of Maldives revenues, which have grown to $250.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Bank of Maldives intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Bank of Maldives Tech Stack and Enterprise Applications
Bank of Maldives ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Temenos | Legacy | Temenos T24 | Core Banking | ERP Services and Operations | n/a | 2014 | 2015 |
In 2014, Bank of Maldives implemented Temenos T24 as its Core Banking system. The Temenos T24 deployment centralized core account processing, customer master records, and transaction posting across the bank's branch network in the Maldives.
The implementation configured Temenos T24 modules for retail deposits, lending, payments processing, general ledger and customer data management, enabling product configuration and real-time posting workflows. Configuration work focused on branch and back office workflows, automated posting rules, and a consolidated customer view to support retail and corporate banking operations.
Temenos T24 was integrated with channel systems, national payment rails and internal treasury and compliance workflows to provide end to end transaction continuity, settlement and reporting. Operational coverage included retail banking, corporate banking, treasury and branch operations across the Maldives, aligning front office channels with the central core.
Governance for the Temenos T24 program established centralized change control, data reconciliation procedures and phased cutover by business function to manage operational risk. The program emphasized product catalogue governance and standardization of account and transaction processing rules to sustain core banking operations.
|
Bank of Maldives Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft 365 | Collaboration | Collaboration | n/a | 2021 | 2021 |
In 2021, Bank of Maldives deployed Microsoft 365 as its primary Collaboration platform. The deployment is documented on the Bank of Maldives website, indicating public facing acknowledgement of Microsoft 365 adoption.
Microsoft 365 is used to provide core collaboration and productivity capabilities, including cloud email and calendaring, real time chat and meetings, document collaboration and library services, file synchronization and desktop productivity applications. Configuration signals are consistent with a centrally managed cloud tenancy and an administrative console controlling service provisioning and policy application.
Operational coverage spans corporate functions and branch staff, supporting internal collaboration workflows for retail banking operations, corporate support teams, and customer service personnel. The presence of Microsoft 365 on the bank website reinforces that the platform underpins both content collaboration and employee productivity across the organization.
Governance activity is aligned with standard Collaboration platform practices, including centralized user and license administration, role based access controls, and information protection and compliance policy frameworks to manage content lifecycle and secure collaboration.
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Bank of Maldives PaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Intuit | Legacy | Intuit Mailchimp Mandrill | Transactional Email | PaaS | n/a | 2021 | 2021 |
In 2021, Bank of Maldives implemented Intuit Mailchimp Mandrill to support transactional email flows on its public website. The deployment positions Intuit Mailchimp Mandrill as the primary Transactional Email engine for customer notifications and online banking message delivery on the Bank of Maldives website.
Intuit Mailchimp Mandrill is configured to provide SMTP relay and API driven send capabilities, template management with personalization tokens, delivery and bounce analytics, and webhook event handling consistent with standard Transactional Email functionality. The implementation is embedded in the website’s authentication and account workflows to issue password resets, transaction alerts and customer notifications, with operational ownership concentrated in digital channels and customer service. Template governance, suppression list controls and centralized template management are used to manage message consistency and deliverability across customer facing email flows.
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Bank of Maldives IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Application Hosting and Computing Services | IaaS |
|
2020 | 2020 |
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Application Hosting and Computing Services | IaaS |
|
2021 | 2021 |
|
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|
|
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Content Delivery Network | IaaS |
|
2020 | 2020 |
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IT Decision Makers and Key Stakeholders at Bank of Maldives
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
|
|
Technology Director | Director | IT | |
|
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Head of Information Technology | Director | IT | |
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Apps Being Evaluated by Bank of Maldives Executives
APPS RUN THE WORLD tracks software evaluation trends across 2 million companies worldwide, including buyer insights from Bank of Maldives IT executives and key decision makers. This section highlights Bank of Maldives's latest recorded technology evaluations, including Banno CMS for Content Management on 2025-11-23, Finastra Fusion Essence for Core Banking on 2025-11-20, and Finastra Misys FusionBanking Midas for Core Banking on 2025-05-07. As part of ARTW Buyer Intent and technographics insights, these findings provide useful visibility into the Bank of Maldives digital transformation priorities and AI adoption trends.
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| 2025-11-23 | Bank of Maldives | Evaluated | Jack Henry & Associates | Banno CMS | Content Management | Content Management |
| 2025-11-20 | Bank of Maldives | Evaluated | Finastra | Finastra Fusion Essence | Core Banking | ERP Services and Operations |
| 2025-05-07 | Bank of Maldives | Evaluated | Finastra | Finastra Misys FusionBanking Midas | Core Banking | ERP Services and Operations |
| 2024-09-03 | Bank of Maldives | Evaluated |
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Core Banking | ERP Services and Operations |
FAQ - APPS RUN THE WORLD Bank of Maldives Technographics
Bank of Maldives is a Banking and Financial Services organization based in Maldives,
with around 1000 employees and annual revenues of $250.0 million.
Bank of Maldives operates a diverse technology stack with applications such as
Temenos T24, Microsoft 365 and Intuit Mailchimp Mandrill,
covering areas like Core Banking, Collaboration and Transactional Email.
Bank of Maldives has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as Temenos, Microsoft and Intuit.
Bank of Maldives recently adopted applications including
Microsoft 365 in 2021, Intuit Mailchimp Mandrill in 2021 and Microsoft Azure Cloud Services in 2021,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Bank of Maldives’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates Bank of Maldives’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete Bank of Maldives technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.