Sterling Bank Celebrates One Year of Zero Downtime with SeaBaas, Surpassing 2 Billion Transactions
Sterling Bank, recently recognized as the best workplace in banking in Nigeria and lauded as Africa’s most agile company, is celebrating a major milestone: the one-year anniversary of SeaBaas, its groundbreaking core banking system. This innovative platform, designed and built entirely in Africa, has revolutionized the bank’s operations and driven significant growth.
A Year of Unprecedented Performance
In its first year, SeaBaas has demonstrably transformed Sterling Bank’s capabilities. The system has processed over 2 billion transactions, showcasing its robust capacity. Furthermore, it has slashed processing times by approximately 60%, leading to increased efficiency. This efficiency has translated directly to customer acquisition, with a remarkable 66% surge in customer adoption. SeaBaas powers Sterling Bank’s entire digital ecosystem, including OneBank, SterlingPro, Switch, and Specta, and supports integrations with fintech companies, agent banking networks, and various third-party solutions. Perhaps most impressively, SeaBaas has achieved zero downtime in its first 365 days of operation, establishing itself as a highly reliable financial platform within the African banking landscape.
Sterling Bank’s Chief Executive, Abubakar Suleiman, views SeaBaas as “a proof of possibility,” highlighting the potential for African innovation in the fintech space. This anniversary marks a significant achievement for Sterling Bank and demonstrates the power of locally developed technology to transform the financial industry.
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Related Keywords: Sterling Bank, SeaBaas, Zero Downtime, Banking Technology, Financial Technology, Bank Reliability, System Uptime, Nigerian Banking, Banking Innovation, Digital Banking
