SeaBaas’s one-year anniversary, the ground-breaking core banking system created and developed in Africa, was celebrated by Sterling Bank Limited, the top-ranked Best Workplace in Banking in Nigeria and acknowledged as Africa’s most agile organisation.
SeaBaas has set new standards for scale, efficiency, and dependability in financial technology, processing over 2 billion transactions in just 12 months since going live, cutting processing times by roughly 60%, and accelerating customer adoption by 66%. Since its inception, the platform has driven OneBank, Sterling’s digital ecosystem,
While permitting fintech integrations, SterlingPro, Switch, Specta, and other banking systems, as well as outside solutions. With no downtime for a full year of service, SeaBaas has established itself as one of the continent’s most reliable financial platforms.
According to Sterling Bank’s Chief Executive Officer (CEO), Abubakar Suleiman: “SeaBaas, to us, represents a proof of possibility. 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.”
In addition to Sterling’s own engineering team, SeaBaas, which was designed by Sterling Bank and developed in partnership with Peerless Software, KPMG, Bazara Technologies, Revent Technologies, and AppQuest Solutions, has emerged as a shining example of bravery, creativity, and execution excellence in Nigeria.
Beyond technology, it has accelerated financial inclusion throughout Nigeria’s economy, released resources for reinvestment, and opened up substantial cost savings. In the future, Sterling hopes to build on this momentum by enhancing SeaBaas’ capacity to take on ambitious projects, reinvent financial systems, and present African innovation’s potential to a worldwide audience, BrandSpur banking and finance news desk reports.
Continuing, the CEO had this to say: “SeaBaas reminds us that when we dare to dream boldly and build courageously, there is no limit to what we can achieve in Africa. This is only the beginning.”
