Maldives Islamic Bank (MIB) has been recognized for its groundbreaking digital innovation with the "Most Innovative Digital Onboarding Rollout" award by IBS Intelligence. The prestigious award was presented on November 22nd, 2024, at a ceremony held at the Taj Lands End Resort in Mumbai, India. This recognition celebrates MIB's commitment to revolutionizing banking in the Maldives through its ApplyNow portal, which allows customers to open accounts instantly, entirely online, without the need to visit the bank in person.
The ApplyNow portal is a first-of-its-kind service in the Maldives, offering a seamless and efficient solution for both individuals and businesses. Customers can easily complete the account opening process from the comfort of their own homes, eliminating traditional barriers such as in-branch visits. Furthermore, businesses in the Maldives can also use the platform to open business accounts remotely, making it a versatile tool for various sectors. In addition to account openings, ApplyNow also allows MIB customers to apply for a wide range of banking services online, further enhancing the bank’s digital offerings.
A key feature of the ApplyNow portal is its use of the EFAAS verification for secure identity verification. The portal was developed by MIB, with 100% Maldivian talent involved in its production, making it a significant achievement for the nation’s technology sector. MIB’s innovative approach to digital banking sets a new standard in the financial industry, positioning the bank as a leader in modernizing the Maldives' banking sector while showcasing the capabilities of local expertise.
