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.
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.
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.
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.
Independent