By Oyinkansayo Wole-Bodunde.
Sterling Bank Limited has marked a significant achievement by celebrating one year of seamless operation of its core banking system, SeaBaas.
This innovative platform has revolutionized banking technology in Africa, processing over 2 billion transactions and increasing customer adoption by 66% while reducing processing times by approximately 60%.
SeaBaas has set a new benchmark for scalability, efficiency, and reliability in financial services.
SeaBaas powers Sterling’s digital ecosystem, including OneBank, SterlingPro, Switch, Specta, and more.
The platform facilitates seamless integrations with fintech partners, agent banking networks, and third-party solutions. Also, SeaBaas has maintained zero downtime throughout the year, showing its resilience as one of Africa’s most reliable financial platforms.
Abubakar Suleiman, CEO of Sterling Bank, praised the achievement, saying, “SeaBaas exemplifies what’s possible when innovation meets determination. 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.”
The platform has delivered substantial cost savings and optimized resource allocation. SeaBaas has accelerated financial inclusion across Nigeria’s economy.
Sterling Bank plans to expand SeaBaas’ capabilities to address more ambitious challenges, reimagine financial systems, and showcase African innovation globally.
