Polaris Bank’s VULTe wins businessday’s digital bank of the year award

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LAGOS – Polaris Bank has been recognised as the Digital Bank of the Year (Global Award category) at the 2021 Busi­nessDay Banks And Other Finan­cial Institutions (BAFI) award for its trailblazing delivery of VULTe Digital Bank.

The Organisers at the award cer­emony which held recently at Lagos Continental Hotel, Victoria Island, disclosed that Polaris Bank’s VULTe outperforms all its peers in the in­dustry across 8 metrics considered by the award selection/review Com­mittee.

The 8 metrics considered are: strength of strategy for attracting and gaining digital customers; ac­celerated user engagement since the pandemic; success in getting clients to use digital offerings; growth of digital customers and platform se­curity.

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Others include: the breadth of product offerings for retail and cor­porate clients; evidence of tangible benefits gained from digital initia­tives and web/mobile site design, intuitiveness and functionality.

Other Nominees in the Digital Bank of The Year Award category were: ALAT by WEMA, Kuda and VBANK.

In the words of BusinessDay “According to the selection param­eters, the selection of Polaris Bank was based on VULTe satisfying and exceeding the hurdle scores in the period under review.

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Polaris Bank had on May 18, this year launched VULTe at a grand cer­emony in Lagos where it predicted that the Digital Bank will redefine Nigeria’s Digital banking landscape. And in a space of four months, VULTe performance and quantum of Customer uptake within and out­side Nigeria confound Analysts as it crossed the one millionth customer uptake marking a major milestone with the likes of ThisDay newspaper describing the feat as revolutionary.

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Innocent C. Ike, Polaris Bank’s Managing Director/CEO, who was accompanied by his management Team at the ceremony, while receiv­ing the award, thanked customers of the Bank for their loyalty and pa­tronage assuring that the best was yet to come.


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