Finastra powers Maldives Premier Bank’s international payments

By Milan Rojan

Maldives Premier Bank has selected Finastra’s Financial Messaging API solution to strengthen its international banking capabilities and modernise cross-border payment connectivity through the Swift network.

The deployment was designed to provide the bank with secure, resilient and always-on Swift connectivity, supporting its digital-first strategy while enhancing international payment services for customers. As part of the implementation, Maldives Premier Bank will gain a scalable platform that supports end-to-end Swift onboarding, including implementation, testing, certification and go-live.

Barry Rodrigues, Executive Vice President, Payments at Finastra, said: “Our platform helps banks leverage next-generation, API-driven access to market infrastructures, supporting innovative use cases while accelerating connectivity. It also supports future interoperability with more than 30 market infrastructures and payment rails, making it a scalable platform for growth-oriented banks.”

The solution has also provided the flexibility to connect with additional payment rails and market infrastructures in the future through the same platform. It has been built to support value-added capabilities such as fraud protection, sanctions screening and payment traceability as the bank’s payments ecosystem evolves.

Maldives Premier Bank said it selected Finastra for its Swift-accredited expertise, API-first architecture and ability to support future expansion across multiple payment infrastructures. The platform was designed to scale alongside growing transaction volumes while enabling the bank to respond to changing market requirements.

Arah Sadava, Chief Executive Officer at Maldives Premier Bank, said: “As a newly established bank, we sought a proven Swift-accredited provider capable of delivering a complete, end-to-end onboarding process while ensuring secure and resilient connectivity. Finastra’s flexible architecture and API-driven approach will support our growth and position us to expand connectivity to additional payment infrastructures over time, enabling us to provide trusted and efficient international payment services to our customers.”

The partnership has reflected the growing adoption of API-driven payments infrastructure as financial institutions seek greater flexibility, interoperability and resilience in managing international payment connectivity while preparing for future developments in the global payments landscape.