Bank of Maldives BML has introduced Device Management for Internet and Mobile Banking, as part of the ongoing efforts to enhance security and protect its customers from scams.
BML said that Device Management enables customers to monitor active sessions and log out from devices accessing Internet and Mobile Banking.
It further said that customers can view active sessions and log out from individual and all devices.
The Bank’s CEO and Managing Director Karl Stumke said that the Bank was committed to ensuring the safety and security of its customers and this is evident by its recent efforts to change its systems and introduce many important features that allow customers to proactively protect themselves from scams.
BML said that it had taken several steps to protect customers from scams over the past months including;
- In June, the Bank introduced a self-service ‘Kill Switch’ to disable access to Internet Banking and cards in emergencies
- In May, Two Factor Authentication (2FA) for Internet and Mobile Banking logins was introduced as an extra layer of security to verify that the login is by the registered customer.
- In March, One Time Passwords (OTP) were enabled for all Scan-to-Pay payments in addition to alerts for all login attempts on Internet and Mobile Banking.
- Last year, the Bank also introduced OTPs via authenticator apps, disabling email as a default OTP channel and began sending push notifications for all Internet and Mobile Banking transactions.
With a nationwide network of 38 branches across all 20 atolls, 87 Self Service Banking Centres, 143 ATMs, over 200 agents, and a full suite of Digital Banking services, the Bank said that it was committed to supporting individuals, businesses, and communities across the Maldives.