Business

Polaris Bank Seeks To Deploy Low-cost Digital Solutions

Polaris Bank has forged new partnership to deploy low-cost digital solutions on a much more secured platform, in what the bank says will make “customer acquisition and digital onboarding seamless.”

A renewed partnership with Network International, an enabler of digital commerce across the Middle East and Africa (MEA) region, the bank believes, will deepen financial inclusion and digital transformation.

The partnership is anchored on the provision of payments processing solutions and API gateway services which support the Bank’s goal of offering self-service/digital channels that bring banking services closer to its current customers and prospects.

The collaboration with Network enables Polaris Bank to provide low-cost digital solutions on a secured platform, making customer acquisition and digital onboarding seamless. The strategic partnership agreement covers multiple product lines that will have a major impact on business generated by cards and other modes of digital payment, while also enabling financial inclusion and allowing the Bank to offer premium payment solutions to its customers.

Polaris Bank in a statement released on Tuesday said it would benefit from Network’s years of experience and expertise in comprehensive payment solutions for the African market, empowering the Bank with a future-ready micro-services architecture that allows for seamless integration to any number of advanced implementations, ensuring the maximum potential for creative revenue streams for the next decade.

Polaris Bank Limited is wholly owned by Strategic Capital Investment Limited (SCIL). It has a footprint of over 224 branches and cash centers across Nigeria.
Speaking on the Partnership, Mr. Adekunle Sonola, Managing Director/CEO of Polaris Bank, said: “Polaris Bank is geared towards growth in retail banking, and will achieve its aspirations with a trusted and reliable partner like Network International. Providing excellent customer services is a top priority for us across all digital platforms, and this will only be possible with the support from partners that share the same vision and goals as the Bank.”

In his own reaction on the collaboration between the two Institutions, Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International, commented: “We are equally excited to renew our partnership with Polaris Bank. Network International is well-positioned to offer innovative products and services to our clients, and this is a partnership that has been built to last. We are committed to investing in local resources to ensure that we are agile in offering and delivering the best to our customers.”