Sterling Bank Limited, recently ranked Nigeria’s Best Workplace in Banking and recognised as Africa’s most agile company, has celebrated the first anniversary of SeaBaas, its groundbreaking, Africa-built core banking system.

In just twelve months since its launch, SeaBaas has processed over 2 billion transactions, cut processing times by 60%, and boosted customer adoption by 66%, setting new benchmarks for speed, scale, and reliability in financial technology. Notably, the platform has achieved 365 days of uninterrupted service, cementing its reputation as one of the most dependable financial systems on the continent.

Powering Sterling’s digital ecosystem, including OneBank, SterlingPro, Switch, and Specta, SeaBaas also enables seamless fintech integrations, agent banking, and third-party solutions.

“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.”

Built in collaboration with Peerless Software, KPMG, Bazara Technologies, Revent Technologies, and AppQuest Solutions, alongside Sterling’s in-house engineers, SeaBaas stands as a model of ingenuity and execution excellence. Beyond technology, it has delivered cost savings, freed resources for reinvestment, and accelerated financial inclusion across Nigeria.

Looking ahead, Sterling plans to expand SeaBaas’s capabilities to address bold challenges, reimagine financial systems, and showcase the power of 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,” Suleiman added. “This is only the beginning.”

With a 60-year heritage, Sterling Bank has evolved from Nigeria’s pre-eminent investment banking institution into a full-service national commercial bank and member of Sterling Financial Holdings Company. Guided by its HEART strategy, Health, Education, Agriculture, Renewable Energy, and Transportation. 

Sterling continues to lead digital banking and financial inclusion, while redefining the banking experience for millions of Nigerians.