Parallex Bank’s Digital Innovation Earns Award

Parallex Bank has been recognised as the ‘Digital Financial Groundbreaker of the Year’ at the Banks and Other Financial Institutions (BAFI) Awards organised by BusinessDay Newspaper.

The recognition, presented at a grand ceremony in Lagos, marks the third consecutive win for Parallex Bank at the industry event. The bank had earlier bagged the ‘Challenger Bank of the Year’ award in 2023 and the coveted ‘Bank of the Year’ title in 2024.

Receiving the award, head, Treasury and Institutional Bank, Parallex Bank, Mr. Ayodeji Abimbola, described the honour as a validation of Parallex Bank’s unwavering commitment to redefining customer experience through technology and innovation.

This award is not just for Parallex Bank, but for every customer who believed in our vision to deliver borderless banking experiences. We remain focused on leveraging cutting-edge digital solutions to simplify financial services and empower individuals and businesses across Nigeria and beyond,” Abimbola said.

According to BusinessDay, the award recognises financial institutions that have demonstrated exceptional innovation, efficiency, and customer-focused service delivery through digital transformation.

The organisers commended Parallex Bank for its trailblazing initiatives in digital banking, seamless service integration, and its strong push toward financial inclusion.

Industry observers noted that Parallex Bank’s consistent wins at the BAFI Awards highlight its rapid rise from a challenger bank to a major player in Nigeria’s competitive financial services landscape.

Reacting to the award, the managing director, Parallex Bank, Dr Olufemi Bakre said the bank’s journey has always been about challenging the status quo, saying, ‘we are proud to be a bank that leads with innovation, integrity, and impact.’