Sterling Bank Limited, Nigeria’s leading financial institution, marked a historic milestone by celebrating one year of flawless operation of its innovative core banking system, SeaBaas. Recognized as one of Africa’s most agile companies and Nigeria’s top workplace in banking, Sterling’s SeaBaas has redefined banking technology on the continent.
Since its launch twelve months ago, SeaBaas has processed over 2 billion transactions, slashed processing times by approximately 60%, and experienced a 66% increase in customer adoption. The platform has set new standards for scalability, efficiency, and dependability in financial services, powering Sterling’s digital ecosystem—including OneBank, SterlingPro, Switch, Specta, and more—while facilitating seamless integrations with fintech partners, agent banking networks, and third-party solutions.
Remarkably, SeaBaas has maintained zero downtime throughout the year, reaffirming its resilience as one of Africa’s most reliable 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.”
Developed collaboratively with Peerless Software, KPMG, Bazara Technologies, Revent Technologies, AppQuest Solutions, and Sterling’s own engineering experts, SeaBaas has become a symbol of courage, ingenuity, and execution excellence in Nigeria’s banking landscape.
Beyond technological advancements, the platform has delivered substantial cost savings, optimized resource allocation, and accelerated financial inclusion across Nigeria’s economy.
Looking ahead, Sterling Bank plans to expand SeaBaas’s capabilities to address even more ambitious challenges, reimagine financial systems, and showcase 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 added. “This is just the beginning.”
