Bank of Maldives (BML) has introduced Two Factor Authentication for Mobile Banking logins on Sunday.

BML stated that this will be implemented for Internet Banking within a week and with this new update an extra layer of security will be added to verify that the login is by the registered customer.

Once updated, customers will be asked to log-in to their Mobile Banking app and will be required to enter an OTP (One Time Password) as a second step to the log-in process, BML said. The OTP can be generated through the authenticator app or sent to the registered mobile number.

BML enabled One Time Password (OTP)in March 2023 for all Scan-to-Pay payments and enabled alerts for all login attempts on Internet or Mobile Banking. BML also introduced generating OTPs via authenticator apps, disabling email as a default OTP channel and began sending push notifications for all Internet and Mobile Banking transactions.

BML continues to urge its customers to never share personal information with anyone. Customers are advised to change passwords regularly and to ensure strong passwords are used.