Number one best workplace in banking in Nigeria and recognised as Africa’s most agile company, Sterling Bank Limited celebrated the first anniversary of SeaBaas, the revolutionary core banking system designed and built in Africa.
In just twelve months since its go-live, SeaBaas has processed over 2 billion transactions, reduced processing times by about 60%, and driven a 66% 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 Abubakar Suleiman, Chief Executive, Sterling Bank. “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. “This is only the beginning.”
Sterling Bank Marks One Year Of Africa’s Groundbreaking Core Banking System
Latest from Blog
FBRA Reaches Over 1, 200 Lagos Residents and Recovers 3 Tonnes of Recyclables During World Environment Day Activitie
To commemorate World Environment Day 2026, FBRA organised environmental education sessions for more than 250 secondary school students, conducted a recycling awareness campaign that reached over 1,000 residents, recovered more than three
MasterChef Nigeria – David’s MasterChef Crown Dream Boils Over
There wasn’t a dry eye in the MasterChef Nigeria kitchen as fan favourite David bowed out in one of the most emotional episodes of the season, leaving Fads and Favy, the final
Stanbic IBTC Capital wins Best Investment Bank in Nigeria at the 2026 Global Banking and Finance Review Awards
Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, has been named the Best Investment Bank in Nigeria for 2026 at the Global Banking and Finance Review Awards. This recognition highlights the
Fintech Brands: Communicating Right in a VUCA Economy
In today’s business environment, success is no longer determined solely by the quality of a product or the sophistication of technology. Increasingly, it is shaped by how effectively an organisation communicates, especially
E-Invoicing Will Boost Tax Compliance, Curb Revenue Leakages — experts
L-R: Ms Niceta Nyaga, Marketing Manager, DigiTax; Mr Alexander Ogunsina, IT Project Manager, D’Accubin Solutions; Mr Olumide Akinsola, Country Director, DigiTax Nigeria; and Ms Amara Chirim, Sales Manager DigiTax Nigeria, at the