Summary : Development and Implementation of Kids Banking Mobile App

Organization Name : Bank of Maldives PLC

Organization Details:
Organization Name: Bank of Maldives PLC
Country: Maldives
Address: Boduthakurufaanu Magu, Male' 20251, Republic of Maldives
Contact Person: openbidding@bml.com.mv
Notice Details:
Notice Type: Expression of Interest
Bidding Type: International Competitive Bidding
Notice No: BML/PD/EOI/2024/001
Description: 1. Introduction
Bank of Maldives is seeking to identify a vendor to develop or to procure a ready-to-market Kids Banking Mobile app. We invite vendors with relevant experience and expertise to submit their expression of interest.

2. Bank of Maldives Background
Bank of Maldives PLC (BML) was inaugurated on November 11, 1982 and is the leading financial institution in the Maldives. BML is a full-service bank engaging across a complete spectrum of personal, SME and corporate financial services. With a nationwide network of 38 branches across all 20 atolls, 85 Self Service Banking Centers, 141 ATMs, over 200 agents and a full suite of Digital Banking services, Bank of Maldives is committed to supporting individuals, businesses, and communities across Maldives.

3. Project Description
3.1 Scope of Work
Kids Banking Mobile app should cater to the unique needs of teenagers, providing a secure, educational, and user-friendly platform for managing their finances. Here are the high-level requirements for the project:

3.2 High Level Requirements
• User-Friendly Design:
o App should have an intuitive and child-friendly user interface, with age-appropriate graphics and features

• Account Management:
o Account management features, including a dashboard to view account balance and recent transactions
o Fund transfers between accounts
o Detailed transaction history with categorization
o Push notifications and notification management
o Saving goals

• Parental Controls:
o Parental oversight of transactions and spending limits
o Ability for parents to set limits and monitor their kids’ financial activities

• Educational Content:
o Incorporate educational elements to teach basic financial literacy concepts in a fun and interactive manner, including how to invest smartly, set and achieve savings goals

• Security and Compliance:
o Implement strong security measures to ensure the safety of children's data and adhere to relevant privacy and data protection regulations

• Technical Expertise:
o The vendor should have experience in developing mobile applications, with expertise in programming languages suitable for mobile platforms such as Swift (for iOS) or Kotlin (for Android).

4. Pre-Qualification Requirements
4.1 Eligibility Criteria
1) Experience working with a Bank or for a financial service provider
2) Ability to cover all the requirement as specified

4.2 Key requirements
The following key specific areas and compliances are being sought via this EOI:
• Company registration
• Company profile
• Financial statements (last 2 years)
• Details of key technical personnel
• Current projects and resource capacity.
• Project/Client references (A minimum of one (1) references from projects of similar scope and magnitude).
• Declaration of Conflict of Interest (if any)
• Any other relevant information to support your EOI.
Deadline: 07 May 2024
Updates:
Soft Copy: document (265.9KB)
About Authority: Bank of Maldives PLC (BML) was inaugurated on November 11, 1982 and is the leading financial institution in the Maldives. BML is a full-service bank engaging across a complete spectrum of personal, SME and corporate financial services. With a nationwide network of 38 branches across all 20 atolls, 85 Self Service Banking Centres, 141 ATMs, over 200 agents and a full suite of Digital Banking services, Bank of Maldives is committed to supporting individuals, businesses and communities across Maldives.