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Parallex Financial institution Restricted has been named Leading edge Financial institution of the 12 months 2026 on the BusinessDay Banks and Different Monetary Establishments (BAFI) Awards, in reputation of its investments in virtual banking, technology-driven monetary answers and customer-focused provider supply.
In a remark, it mentioned that the award underscores the financial institution’s efforts to leverage know-how to simplify banking processes, reinforce get right of entry to to monetary services and products and create better price for people and companies.
Since turning into the primary microfinance financial institution in Nigeria to transition to a business financial institution, Parallex Financial institution has persisted to fortify its virtual infrastructure and amplify its vary of technology-enabled services and products.
Its virtual banking ecosystem spans cell banking, USSD, company and retail web banking, service provider and fee answers, playing cards and remittance services and products, offering consumers with more than one channels during which to get right of entry to monetary services and products.
The financial institution’s option to innovation, in keeping with the establishment, is going past the adoption of know-how to bettering how consumers engage with and revel in banking services and products.
Its technique puts emphasis on comfort, accessibility, reliability and answers that deal with the converting wishes of consumers.
Commenting at the reputation, the Managing Director and Leader Govt Officer of Parallex Financial institution, Olufemi Bakre, mentioned the award mirrored the financial institution’s dedication to rethinking conventional banking processes and creating answers that ship better price to consumers.
“For us, innovation should in the long run translate into a greater revel in and bigger chances for our consumers. We proceed to spend money on know-how and answers that make banking more effective, extra out there and extra conscious of the wishes of people and companies. This reputation is an confirmation of that dedication and, importantly, a problem to us to stay elevating the bar,” Bakre famous.
He added that the popularity additionally said the contributions of workers around the financial institution.
He famous that their efforts remained central to translating its virtual ambitions into sensible answers and advanced visitor stories.
The award comes amid rising emphasis on virtual transformation throughout Nigeria’s monetary services and products sector, as banks proceed to deploy know-how to fortify provider supply, reinforce visitor engagement and amplify get right of entry to to monetary merchandise.
For Parallex Financial institution, the popularity additional highlights its focal point on integrating know-how, innovation and visitor revel in into its banking operations.
The financial institution mentioned it remained dedicated to strengthening its virtual features and creating monetary answers that reply to the evolving wishes of people and companies, consistent with its logo promise to empower consumers to “Be Infinite.”
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