Polaris Bank, Nigeria’s leading digital retail commercial bank, once again proved its digital supremacy in the Nigerian banking industry over the weekend, winning the most coveted award for Best in Digital Banking and the entire Micro, Small and Medium Enterprises (MSME) ecosystem. won an award. .
Polaris Bank’s pioneering digital banking platform, VULTe, wins top honor as ‘Digital Bank of the Year’ for the fourth consecutive year at the Banks and Other Financial Institutions Awards (BAFI Awards), the financial industry’s prestigious awards was selected.
Polaris Bank was also awarded ‘Best Bank for MSMEs of the Year’ for the third consecutive year, highlighting the bank’s renowned competitive lending and general support for SMEs and the real sector.
With the weekend’s award, Polaris Bank maintains its pride as the only Nigerian bank to have won the coveted award for so long and recognizes the bank’s continued investment in its human and technological resources. I support it.
The BAFI Awards Selection and Judging Committee recognized Polaris Bank for its strong digital customer attraction and acquisition strategies, accelerated user engagement, success in getting customers to use digital services, digital customer growth, and platform. The company said it outperformed its peers in all key metrics, including functionality. And security.
The BAFI Awards are recognized for their empirical and data-driven selection process, which makes the awards one of the most prestigious independent awards in the Nigerian financial services industry.
Commenting on the award, Kayode Lawal, Managing Director and CEO of Polaris Bank, said VULTe’s continued recognition as the best digital bank is due to the ease of use and versatility of its digital platform. He said that it emphasizes functional strengths.
He said Polaris Bank is making significant gains in the market with digital transactions and lending, with total digital lending exceeding N10 billion in the first eight months of this year and expected to surpass the N12.8 billion recorded in the whole of 2023. He pointed out that there is.
He said the bank understands the importance of user experience when transacting online, which is why it prioritizes convenience and security and continues to invest in bespoke technology.
“We are honored to receive this prestigious award in recognition of our commitment to the digital banking ecosystem. We understand, and we make every effort to stay on the cutting edge of technology and services.
“We are confident that our continued strategic efforts will not only maintain our leadership in digital banking and support for the physical sector, but also deliver sustainable growth that firmly establishes our digital leadership across the financial services industry. “We are working hard,” Lawal said.
He praised BAFI Awards organizer Business Day’s commitment to an empirical process.
A complete digital bank that provides fast, convenient and reliable solutions for your banking needs. VULTe’s unique features include QR payments, end-to-end account opening, instant loan requests, debit card requests, issuance, and activation. Customers don’t have to leave the comfort of their home, office, or wherever they are.
This platform is not only intended for Polaris Bank customers, but also provides non-customers alike with the ability to download and enjoy banking services on VULTe. Another important feature is VULTe’s API banking. This allows merchants and businesses to integrate VULTe with other business-critical systems for a portfolio of services including risk assessments, bank statement requests, lien accounts, direct deposit, and more.
With an all-in-one solution, VULTe caters not only to individual customers, but also to small businesses, high-net-worth individuals, and retail customers. It takes minutes to access unsecured personal and business loans available to individual and business customers.
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