Polaris Bank Nigeria Launches VULTe; a new digital bank

In his welcoming address at the well-attended unveiling ceremony at the Eko Hotel Lagos The bank’s chairman, MK Ahmad (OON), announced that Polaris’s corporate goal is to provide seamless 24-hour service with VULTe to customers and non-customers of the bank. In his words, “This is a milestone in our pursuit of a strong, digitally-led retail brand. When we started the Polaris journey almost three years ago, we were very clear about what type of bank we needed to build and which direction we were going We have to go. This has been largely driven by the rapid pace of change in financial service delivery and the obvious technology-defined prospects for our business. “

“That’s why we’re launching VULTe today. And this is not another mobile app, it’s an app with a big difference, a mobile digital bank. This is your bank in the palm of your hand that gives you complete control over your financial services needs. With VULTe serve yourself the way you want to be served, “explained the chairman.

In his address, the acting managing director / CEO of the bank, Mr. Innocent C. Ike said the newly introduced banking platform, gives all powers back to the customer as king. He noted that customers are now free to enjoy an unimpeded, contactless and refreshing banking experience at the push of a button thanks to the newly introduced VULTe app.

“With VULTe, we are reaffirming our determination to better serve customers and make the banking experience more enjoyable. Therefore, we will continue to bring a range of banking products to market to meet the diverse needs of our different customers.”

Ike explained the premium value that the bank attaches to its customers with the VULTe: “Ultimately, VULTe represents our bold declaration of handing over control of banking services to our customers and enabling them to serve themselves as they would like to be served . “

“As a customer of Polaris Bank, you are free to choose your banking experience as we have the bank in your hand 24/7. You now have total CONTROL to serve yourself. It is no longer about customer service, but about customer self-service. “

“Open an account, set limits on your account, check your identification documents, register your biometrics, make inquiries, take out an instant loan? You are in total CONTROL – you do it at your time, according to your needs and preferences according to your terms – you determine how pleasant your banking experience will be “.

The highlight of the launch was the hands-on demonstration of the uniqueness of the VULTe application by the bank’s Chief Digital Officer (CDO), Mr. Bamidele Adeyinka to the excited guests.

According to him; “The Digital Banking Platform, VULTE, will change everything that happens in the ‘Brick & Mortar’ area (ie in branches) in clicks and buttons.” He continued, “VULTE is available in mobile (Android and iOS) and web applications, and one of the two options allows customers to access banking services at the touch of a button,” he added.

The CDO stated that all bank customers in the country can use VULTe to conduct their banking transactions, including account opening, bill payments, transfers, account balance inquiries, airtime recharge and quick loans.

He went on to explain that customers on board can access PayDay Loan on both the mobile and digital web platforms, with the customer being shown the authorization in the VULTe application.

Additionally, onboard customers can pay taxes and duties for various state parastatals, in addition to several other benefits such as: B. the possibility of making transfers within and between banks.

“On board, customers with BVN enter their BVN and take a selfie (photo of their face), which is automatically compared with the photo in their BVN profile (via face recognition – an advanced face recognition technology with cognitive and artificial intelligence).” the CDO discloses.

Meanwhile, the bank also announced special rewards packages for early users of the VULTe app. Roll out freebies and giveaways, Mr. Mohammed Abdullahi, Managing Director, Abuja and Northern Region of the Bank said: “For your loyalty and positive acceptance of VULTe and all other banking services offered by Polaris Bank on behalf of the board of directors, management and employees, I am delighted to all who follow us, some delicious offers to make on the occasion.

“As a result, please note that the first 2000 people who download VULTe from the Appstore or PlayStore and make a transfer on the platform can win a collection of beautiful memorabilia such as mugs, Michael Cable Charger, key rings, Pop Socket and other gifts,” said the ED.

Representatives of the central bank of took part in the kick-off event Nigeria (CBN), major players in the financial technology industry (FinTechs) and strategic partners of Polaris Bank, all of whom in their goodwill messages affirmed the bank’s unwavering determination to ensure high-quality customer satisfaction at all times.

SOURCE Polaris Bank

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