The Maldives Monetary Authority has extended the registration deadline for the upcoming Maldives Financial Expo to Saturday, 6 June, altering the original 1 June cutoff to afford institutions additional time to participate, the central bank announced.
The exposition, scheduled for 2 July through 4 July at Hulhumalé Central Park, aims to enhance public awareness of the financial sector while establishing a centralised venue for citizens to interact with service providers. The event functions as a platform for banks, insurance companies, and other financial entities to showcase services and engage with consumers. Previous iterations in 2015 and 2017 garnered significant public support, and participating institutions are anticipated to unveil new services during this year's gathering.
Concurrently, the central bank has introduced the Maldives Financial Sector Awards to recognise services rendered by financial institutions. The application period remains open until 28 June via [email protected]. A total of seven awards will be distributed across core areas prioritised by the central bank to strengthen the system, encompassing financial inclusion, financial literacy, digital finance, specialised services for small and medium-sized enterprises, and green finance.
The primary objective is to compel the provision of fully inclusive financial services that strictly adhere to international benchmarks, according to the MMA. This initiative will stimulate industry competition and ultimately elevate the overall calibre of services provided, the central bank stated. The formal presentation will take place on 1 July.