Sterling Bank Marks First Anniversary of SeaBaas with Zero Downtime Record
Ranked because the Most efficient Plan of job in Banking in Nigeria and recognised amongst Africa’s most agile companies, Sterling Financial institution marked the first anniversary of SeaBaas, its core banking gadget developed in Africa.
In twelve months since its lumber-dwell, SeaBaas has processed over 2 billion transactions, reduced processing instances by about 60%, and driven a 66% surge in customer adoption, atmosphere new benchmarks for scale, effectivity, and reliability in monetary know-how.
Since originate, the platform has supported Sterling’s digital ecosystem, OneBank, SterlingPro, Swap, Specta, and more, whereas enabling fintech integrations, agent banking networks, and third-occasion solutions. With zero downtime across one year of service, SeaBaas has confirmed its resilience a genuine monetary platform on the continent.
SeaBaas, to us, represents a proof of possibility” acknowledged Abubakar Suleiman, Chief Executive, Sterling Financial institution. “It reveals that Africa can develop world-class know-how, solve complex complications in the community, and scale globally. This milestone is a collective victory for every Sterling colleague, our partners, and our customers who believed in the imaginative and prescient.
Designed by Sterling Financial institution and developed in collaboration with Peerless Machine, KPMG, Bazara Technologies, Revent Technologies, and AppQuest Alternatives, alongside Sterling’s in-condominium engineering ability, SeaBaas has turn out to be a mannequin of braveness, ingenuity, and execution excellence in Nigeria.
Beyond know-how, it has unlocked fundamental label savings, freed sources for reinvestment, and accelerated monetary inclusion across Nigeria’s economic system.
Looking ahead, Sterling intends to develop on this momentum by expanding SeaBaas capabilities to address courageous challenges, reimagine monetary techniques, and showcase the possibility of African innovation on a global stage.
SeaBaas reminds us that once we dare to dream boldly and develop courageously, there is now not this kind of thing as a limit to what we could make in Africa,” added Suleiman. “That is most bright the starting up attach.”
About Sterling Financial institution
Sterling Financial institution is a paunchy-service national business monetary institution in Nigeria and a member of Sterling Financial Holdings Firm. With a heritage of more than 60 years, the monetary institution has superior from Nigeria’s pre-notorious funding banking institution to a relied on provider of retail, business, and corporate banking services.
Sterling is a ahead-thinking monetary institution dedicated to remodeling lives by draw of progressive solutions, distinctive service, unwavering integrity, and a steadfast concentrate on its HEART technique, which amenities on Effectively being, Training, Agriculture, Renewable Energy, and Transportation. As pioneers in digital banking and monetary inclusion, Sterling continues to lead by example, showing how reason-driven management can whisper transformative outcomes for of us, businesses, and society at important.
Guided by a culture of innovation and a fondness for excellence, Sterling Financial institution remains dedicated to redefining the banking journey for thousands and thousands of purchasers across Nigeria.
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