Sterling Bank Limited, ranked the Number One Best Workplace in Banking in Nigeria and recognized as Africa’s most agile company, has celebrated the first anniversary of SeaBaas, the revolutionary core banking system designed and built in Africa.
In just twelve months since going live, SeaBaas has processed more than 2 billion transactions, cut processing times by nearly 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—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 itself as one of the most resilient financial platforms on the continent.
“SeaBaas, to us, represents a proof of possibility,” said Abubakar Suleiman, Chief Executive of 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.”
Developed by Sterling Bank in collaboration with Peerless Software, KPMG, Bazara Technologies, Revent Technologies, and AppQuest Solutions, alongside Sterling’s in-house engineering team, SeaBaas has become a model of courage, ingenuity, and execution excellence in Nigeria.
Beyond its technological impact, SeaBaas has unlocked significant cost savings, freed resources for reinvestment, and accelerated financial inclusion across Nigeria’s economy.
Looking ahead, Sterling plans to build on this momentum by expanding SeaBaas capabilities to address bold challenges, reimagine financial systems, and showcase African innovation on the 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.”
About Sterling Bank
Sterling Bank Limited is a full-service national commercial bank in Nigeria and a member of Sterling Financial Holdings Company. With a heritage of over 60 years, the bank has evolved from Nigeria’s pre-eminent investment banking institution to a trusted provider of retail, commercial, and corporate banking services.
Sterling is committed to transforming lives through innovative solutions, exceptional service, unwavering integrity, and a steadfast focus on its HEART strategy—centered on Health, Education, Agriculture, Renewable Energy, and Transportation. As pioneers in digital banking and financial inclusion, Sterling continues to lead by example, showing how purpose-driven leadership can deliver transformative outcomes for individuals, businesses, and society at large.
Guided by a culture of innovation and excellence, Sterling Bank remains dedicated to redefining the banking experience for millions of customers across Nigeria.
