Get Guardian on GoogleSterling Bank Limited celebrated the first anniversary of SeaBaas, a revolutionary core banking system designed and built in Africa.In just twelve months since it went live, SeaBaas has processed over two billion transactions, reduced processing times by about 60 per cent and driven a 66 per cent surge in customer adoption, setting new benchmarks for scale, efficiency and reliability in financial technology.
Since launch, the platform has powered Sterling’s digital ecosystem, OneBank, SterlingPro, Switch, Specta and more, while enabling fintech integrations, agent banking networks, and third-party solutions. With zero downtime across 365 days of service, SeaBaas has proven its resilience as one of the most dependable financial platforms on the continent.
“SeaBaas, to us, represents a proof of possibility,” said Chief Executive, Sterling Bank, Abubakar Suleiman.
“It shows that Africa can build world-class technology, solve complex problems locally, and scale globally. This milestone is a collective victory for every Sterling colleague, our partners and our customers who believed in the vision.”
Designed by Sterling Bank and developed in collaboration with Peerless Software, KPMG, Bazara Technologies, Revent Technologies and AppQuest Solutions, alongside Sterling’s in-house engineering talent, SeaBaas has become a model of courage, ingenuity and execution excellence in Nigeria.
Beyond technology, it has unlocked significant cost savings, freed resources for reinvestment and accelerated financial inclusion across Nigeria’s economy.
Looking forward, Sterling intends to build on this momentum by expanding SeaBaas capabilities to tackle bold challenges, reimagine financial systems and showcase the potential of African innovation on a global stage.
“SeaBaas reminds us that when we dare to dream boldly and build courageously, there is no limit to what we can achieve in Africa,” added Suleiman.
