Polaris Bank, Nigeria’s leading digital retail commercial bank, again at the weekend proved its digital dominance in the Nigerian banking industry, winning the most-coveted award as the best in digital banking and the entire ecosystem for micro, small and medium enterprises (MSMEs).
At the Banks and Other Financial Institutions Awards (BAFI
Awards), financial industry’s prestigious awards, Polaris Bank’s trailblazing
digital banking platform, VULTe was adjudged the best as “Digital Bank of the
Year”, for the fourth consecutive year.
Polaris Bank was also awarded “Best Bank for MSMEs of the Year”, for the third consecutive year, underlining the bank’s well-known competitive lending and general supports for small businesses and the real sector.
With the weekend awards, Polaris Bank retains a pride of place
as the only Nigerian bank to have won the coveted awards for that long,
underscoring the bank’s continuous investments in human and technological
resources.
The BAFI Awards Selection and Review Committee stated that
Polaris Bank outperformed industry peers in all key metrics, including strength
of strategy for attracting and gaining digital customers, accelerated user
engagement, success in getting clients to use digital offerings, growth of
digital customers, platform functionality and security.
BAFI Awards is well-regarded for its empirical and data-driven
selection process, a practice that makes the awards, one of the most
prestigious independent awards for the Nigerian financial services industry.
Commenting on the award, Managing Directo/CEO, Polaris Bank,
Mr. Kayode Lawal, said the continuing recognition of VULTe as best digital bank
emphasises the user-friendly and multi-functional strengths of the digital
platform.
He pointed out that Polaris Bank has seen tremendous market
gain in digital transactions and lending with digital lending totaling more
than N10 billion in the first eight months of this year, on course to surpass
the N12.8 billion recorded for the whole of 2023.
He said the bank understands the importance of user-experience
in online transactions and thus prioritises convenience and safety, with
sustained investments in bespoke technologies.
“We are honoured to receive this prestigious award,
recognising our commitment to the digital banking ecosystem. We understand
clearly that this consecutive vote of confidence on our capability is a
responsibility, and we are doing everything to remain on the cutting-edge of
technology and services.
“We are sure ongoing strategic initiatives will not only
sustain our leadership in digital banking and supports for real sector, but
also deliver sustainable growth that will firmly entrench our digital
leadership across the financial services industry,” Lawal said.
He commended the organisers of the BAFI Awards, BusinessDay,
for their commitment to empirical process.
A full digital bank that provides fast, convenient, and
reliable solutions to banking needs; some of VULTe’s unique features include:
QR payments, end-to-end account opening, instant loan request, debit card
request, issuance, and activation, without the customers leaving the comfort of
their homes, offices or wherever they may be.
The platform does not just cater to Polaris Bank’s customers
alone, but non-customers alike who can also download and enjoy banking services
on VULTe. Another key feature is VULTe’s API Banking, which allows merchants
and businesses to integrate VULTe with other business critical systems,
enabling a portfolio of services including risk assessment, bank statement
requests, lien accounts, direct debits and more.
With its all-in-one solution, VULTe not only caters to
individual customers but also SMEs, high net worth and retail customers. It
takes few minutes to access collateral-free personal and business loans that
enables individuals and enterprises of customers.
.jpeg)
0 Comments