Polaris Bank extends best digital bank award win

Polaris Bank emerged as the ‘Digital Bank of the Year’ for the fourth consecutive year at the Banks and Other Financial Institutions Awards.

The bank, in a statement on Sunday, said that recognition proved its digital dominance in the financial space, powered by its digital banking platform, VULTe.

Also, the bank was awarded ‘Best Bank for MSMEs of the Year’ for the third consecutive year, underscoring its competitive lending and general support for small businesses and the real sector.

Commenting on the award, Managing Director/Chief Executive Officer, Polaris Bank, Mr Kayode Lawal, said the continuing recognition of VULTe as the best digital bank emphasised the user-friendly and multi-functional strengths of the digital platform.

He pointed out that Polaris Bank had seen a tremendous market gain in digital transactions and lending, with digital lending totalling more than N10bn in the first eight months of this year, on course to surpass the N12.8bn recorded for the whole of 2023.

He added the bank understood the importance of user experience in online transactions and thus prioritised 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 in 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 support for the real sector but also deliver sustainable growth that will firmly entrench our digital leadership across the financial services industry,” Lawal said.

TheBAFI Awards is well-regarded for its empirical and data-driven selection process