Sterling Bank Celebrates One Year of SeaBaas, Africa’s Revolutionary Core Banking System
Sterling Bank, recognized as a leading workplace in Nigerian banking and celebrated for its agility across Africa, is marking a significant milestone: the one-year anniversary of SeaBaas, its innovative, Africa-built core banking system. SeaBaas has redefined banking operations by increasing scalability, efficiency, and dependability in financial technology.
SeaBaas: A Year of Unprecedented Performance
In its inaugural year, SeaBaas has processed over 2 billion transactions, showcasing its robust capabilities. The platform has significantly improved operational efficiency, reducing processing times by approximately 60%. It has also fueled substantial customer growth, reporting a 66% increase in customer adoption. SeaBaas powers Sterling Bank’s comprehensive digital ecosystem, including OneBank, SterlingPro, Switch, and Specta, while facilitating integrations with fintech companies, agent banking networks, and a wide range of third-party solutions. Notably, SeaBaas has maintained zero downtime throughout its first 365 days of operation, affirming its position as a reliable financial platform in Africa.
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