SeaBaas one year milestone: Sterling Bank records zero downtime, 2B+ transactions, and 66% user growth since migrating to indigenous core banking platform

SeaBaas one year milestone has marked a major breakthrough for Sterling Bank Limited, which announced that its migration to the platform resulted in zero downtime across a full year.

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The announcement came on Tuesday, celebrating the first anniversary of the bank’s transition to SeaBaas—Africa’s first indigenous core banking system—launched in September 2024.

In that time, SeaBaas processed over two billion transactions, slashed processing times by 60 percent, and boosted customer adoption by 66 percent, according to the bank.

Sterling developed SeaBaas in partnership with Peerless Software, KPMG, Bazara Technologies, Revent Technologies, and AppQuest Solutions, with significant contribution from its in-house engineering team.

The innovation has not only enhanced operational efficiency but also reduced costs, enabling reinvestment and driving financial inclusion across Nigeria.

“With zero downtime across 365 days of service, SeaBaas has proven its resilience as one of the most dependable financial platforms on the continent,” said Sterling Bank CEO, Abubakar Suleiman.

He continued, “SeaBass to us represents a proof of possibility. It shows that Africa can build world-class technology, solve complex problems locally, and scale globally.”

With zero downtime across 365 days of service, SeaBaas has proven its resilience as one of the most dependable financial platforms on the continent.

Beyond the impressive uptime, SeaBaas has become the digital backbone of Sterling’s growing ecosystem, powering fintech integrations, agent banking networks, and third-party financial services.

This positions Sterling Bank as a technology-driven leader in the African financial services space.

The bank’s leadership says that SeaBaas exemplifies how innovation in Africa can match and even surpass global standards.

Suleiman emphasized the broader significance of the achievement, calling it a “collective victory” for everyone involved—from employees to partners and customers.

Looking ahead, Sterling Bank aims to scale SeaBaas even further, leveraging its potential to reimagine traditional financial systems and tackle some of the continent’s most complex challenges.

“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 and a member of the Sterling Financial Holdings Company.

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With SeaBaas, the bank has not only achieved a major technological milestone but has also set a new benchmark for digital banking innovation in Africa.