Polaris Bank Wins ‘Digital Bank of the Year’ for Fourth Straight Year
Polaris Bank has been named the ‘Digital Bank of the Year’ for the fourth consecutive year at the prestigious Banks and Other Financial Institutions Awards (BAFI). This recognition highlights the bank’s strong digital presence, driven by its innovative banking platform, VULTe.
In addition to its digital accolades, Polaris Bank was also honored as the ‘Best Bank for MSMEs of the Year’ for the third year running. This award underscores the bank’s commitment to competitive lending practices and robust support for small and medium-sized enterprises (SMEs) in the real sector.
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Kayode Lawal, Managing Director and Chief Executive Officer of Polaris Bank, expressed gratitude for the accolades, stating that the ongoing recognition of VULTe reflects its user-friendly and multifunctional capabilities. He noted a significant increase in digital transactions and lending, with digital lending exceeding N10 billion in the first eight months of this year, on track to surpass last year’s total of N12.8 billion.
Lawal emphasized the bank’s focus on enhancing user experience in online transactions, prioritizing convenience and security through continuous investments in tailored technologies. “We are honored to receive this prestigious award, which acknowledges our dedication to the digital banking ecosystem,” he remarked.
He also acknowledged the responsibility that comes with this recognition, affirming the bank’s commitment to remaining at the forefront of technology and service excellence. “We believe our strategic initiatives will not only maintain our leadership in digital banking and support for the real sector but also foster sustainable growth that solidifies our digital leadership within the financial services industry,” Lawal added.
The BAFI Awards are renowned for their rigorous and data-driven selection process, ensuring that the winners are truly representative of excellence in the banking sector.
