Financial Sector

Financial Technology

6 min read
Former United States Secretary of the Treasury, Larry Summers said “the people who confidently reject all the innovation here in blockchain-based payment and monetary systems are on the wrong side...

The cryptocurrency primer

3 min read
This month as we focus on the prospects of a 'Digital Maldives' MFR will feature a series of articles on cryptocurrencies; this week the paper concentrates on outlining a basic...

The insurance industry is primed for growth

7 min read
On 19 November 2020, President Ibrahim Mohamed Solih inaugurated the Maldives' first ‘beach front airport’ in HA. Hoarafushi. However, just six months later, on 14 May 2021, disaster struck -...

Finding home, far from home

4 min read
Greater Malé encompasses in its hold a diverse multi-island society. Citizens from every and any corner of the country now call Malé, home. A vast majority of this demographic span...

BML has to re-examine lending rates

3 min read
The Bank of Maldives Plc (BML) with over MVR31 billion in total assets, dominates the market in the Maldives' banking industry. With over 293,000 customers, and 35 branches in the...