Polaris Bank Retains Best Digital Bank Award For The Fourth Year
Polaris Bank, one of Nigeria’s digital retail commercial banks, has continued to prove its digital dominance in the Nigerian banking industry, winning one of the most coveted awards as the best in digital banking and the entire ecosystem for micro, small, and medium enterprises (MSMEs).
The 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.
The BAFI Awards is well-regarded for its empirical and data-driven selection process, a practice that placed the awards among the most prestigious independent honours for the Nigerian financial services industry.
Commenting on the award, Managing Directo/CEO, Polaris Bank, 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,” Mr Lawal said.
He commended the organisers of the BAFI Awards, BusinessDay, for their commitment to empirical process.
Source: Premium Times
