Sterling Bank celebrates first anniversary of SeaBaas platform

Sterling Bank Limited, a titan in Nigeria’s financial sector, celebrated a monumental milestone this week, marking one year of uninterrupted success for its cutting-edge core banking system, SeaBaas.

Hailed as one of Africa’s most agile companies and a premier workplace in Nigerian banking, Sterling has redefined financial technology across the continent with this innovative platform.

Launched twelve months ago, SeaBaas has processed an astonishing two billion transactions, slashing processing times by roughly 60% and boosting customer adoption by 66%. The platform has become a cornerstone of Sterling’s digital ecosystem, seamlessly powering services like OneBank, SterlingPro, Switch, and Specta. Its robust architecture has enabled smooth integrations with fintech partners, agent banking networks, and third-party solutions, setting a new benchmark for scalability, efficiency, and reliability in African financial services.

Remarkably, SeaBaas has achieved zero downtime since its inception, cementing its reputation as one of the continent’s most dependable financial platforms. “SeaBaas exemplifies what’s possible when innovation meets determination,” said Abubakar Suleiman, CEO of Sterling Bank. “It demonstrates that Africa can develop world-class technology, solve complex problems locally, and scale solutions globally. This achievement belongs to our talented team, partners, and customers who believed in our vision.”

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The platform’s success is the result of a collaborative effort with industry leaders such as Peerless Software, KPMG, Bazara Technologies, Revent Technologies, AppQuest Solutions, and Sterling’s in-house engineering team. Together, they have crafted a system that stands as a testament to courage, ingenuity, and execution excellence in Nigeria’s banking landscape.

Beyond its technological triumphs, SeaBaas has delivered significant cost savings, optimized resource allocation, and accelerated financial inclusion across Nigeria. By streamlining operations and enhancing accessibility, the platform has played a crucial role in expanding economic opportunities nationwide.

Looking to the future, Sterling Bank is poised to push SeaBaas even further, with plans to enhance its capabilities and tackle bolder challenges. The bank aims to reimagine financial systems and position African innovation on the global stage. “SeaBaas proves that when we dream boldly and build with courage, there’s no limit to what Africa can achieve,” Suleiman said. “This is just the beginning.”