Sterling Bank Limited marked the first anniversary of its migration to SeaBaas, which it said has resulted in no downtimes for the bank in a year.

In a statement on Tuesday, the lender said that in the 12 months since its go-live, SeaBaas has processed over two billion transactions, reduced processing times by about 60 per cent, and driven a 66 per cent rise in customer adoption, setting new benchmarks for scale, efficiency, and reliability in financial technology.

Sterling Bank migrated to Africa’s first-ever indigenous core banking solution, called SeaBaaS, in September 2024. SeaBaas was designed by Sterling Bank and developed in collaboration with Peerless Software, KPMG, Bazara Technologies, Revent Technologies, and AppQuest Solutions, alongside Sterling’s in-house engineering talent. The bank said that beyond technology, it has unlocked significant cost savings, freed resources for reinvestment, and accelerated financial inclusion across Nigeria’s economy. Sterling Bank said that since the launch of SeaBaas, the platform has powered its digital ecosystem while enabling fintech integrations, agent banking networks, and third-party solutions.

“With zero downtime across 365 days of service, SeaBaas has proven its resilience as one of the most dependable financial platforms on the continent. SeaBass to us represents a proof of possibility. 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,” said Chief Executive of Sterling Bank Abubakar Suleiman.

Looking forward, Sterling intends to build on this momentum by expanding SeaBaas capabilities to tackle bold challenges, reimagine financial systems, and showcase the potential of African innovation on a 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.”

Sterling Bank Limited is a full-service national commercial bank in Nigeria and a part of the Sterling Financial Holdings Company.