Sterling Bank Ltd has celebrated the first anniversary of SeaBaas, its pioneering core banking system designed and built in Africa.
In a statement on Wednesday, Chief Executive Abubakar Suleiman said that within 12 months of its launch, SeaBaas has processed more than two billion transactions.
According to him, the platform has cut processing times by about 60 per cent and driven a 66 per cent surge in customer adoption—setting new standards for scale, efficiency, and reliability in financial technology.
Since its rollout, SeaBaas has powered Sterling’s digital ecosystem—including OneBank, SterlingPro, Switch, and Specta—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. To us, SeaBaas represents proof of possibility. It shows that Africa can build world-class technology, solve complex problems locally, and scale globally,” Suleiman said.
He described the milestone as a collective achievement shared by Sterling colleagues, partners, and customers, adding 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.”
SeaBaas was designed by Sterling Bank in collaboration with Peerless Software, KPMG, Bazara Technologies, Revent Technologies, and AppQuest Solutions, alongside the bank’s in-house engineering team.
Beyond its technological impact, the system has delivered significant cost savings, freed up resources for reinvestment, and accelerated financial inclusion across Nigeria’s economy.
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