Search
Close this search box.

Creating a Future-Ready Banking Ecosystem

Insights into SeaBaaS – our latest digital transformation initiative

Introduction

At Sterling, innovation is at the heart of everything we do. That’s why we took the lead in adopting SeaBaaS (Secure, Efficient, Agile Banking as a Service).

This innovative platform represents a significant step forward, not just for Sterling but for the entire Nigerian financial services sector, paving the way toward a more self-sufficient, technology-driven future.

seabaas logo e1725085228180

What is SeaBaaS?

SeaBaaS is our new advanced core banking system, utilizing cutting-edge technologies such as microservices architecture, cloud-native infrastructure, open APIs, and AI-driven analytics.

It is a major leap in our technological evolution, designed to enhance customer experience through its robust, resilient, and secure infrastructure.

migug u Create a vibrant image of a digital globe with intercon 3c4afcf9 d1c9 4f79 9481 936f332d96ef 1

Building a Technology-Driven Economy

Adopting SeaBaaS is more than just a strategic decision for Sterling; it’s an initiative that positively impacts the entire Nigerian economy. By choosing a platform that is developed locally, we improve on Nigeria’s balance of payments and foster the creation of intellectual property within our borders. It positions Nigeria as a net exporter of technology, driving innovation, creating jobs, and strengthening our technology ecosystem, which is vital for sustainable economic growth.

Moving Beyond Non-Domestic Core Banking Systems

Switching to SeaBaaS from non-domestic core banking systems has enabled us to overcome several challenges that hindered our ability to operate efficiently and respond swiftly to local market needs:

image fx 16

Why We Chose SeaBaaS

We chose to change to SeaBaas because it is specifically designed to cater to local financial markets. SeaBaas will deliver the following to our bank:

Economic Benefits of SeaBaaS

Choosing SeaBaaS does more than enhance our operations and provide our customers with top-tier banking systems—it’s a smart investment in Nigeria’s future. By using a locally developed platform, we avoid fluctuating foreign exchange rates, bringing financial stability to Sterling and potentially boosting shareholder returns.

SeaBaaS also keeps money within Nigeria, supports local talent, and builds a self-reliant tech ecosystem. This makes Nigeria a leader in tech innovation and exports, paving the way for a strong, sustainable economy.

migug u scene inside a modern banks data center filled with adv faf6b65c a753 4041 b4a2 7542584fefb8 1
SeaBaaS 2 1 scaled 1

Got Questions About SeaBaaS?

What is SeaBaaS, and why did Sterling choose it?

SeaBaaS is Sterling’s new core banking application, developed specifically for the African market by Peerless. SeaBaaS provides a stable, reliable, and flexible platform that supports local economic growth and innovation.

How does SeaBaaS improve Sterling's cost management?

SeaBaaS allows us to pay in Naira, insulating us from fluctuating FX rates and ensuring predictable expenses. This stability is key to effective budgeting and planning.

What makes SeaBaaS different from foreign core banking systems?

SeaBaaS offers superior customization, control, and local support, which non-domestic systems lack. This enables us to provide more relevant and responsive services without the high costs and delays associated with non-domestic platforms.

How does SeaBaaS support innovation and scalability at Sterling?

Its modular design allows for quick implementation of new features and updates, fostering continuous innovation and scalability to meet evolving customer needs.

Is SeaBaaS secure for our customers' data?

Absolutely. SeaBaaS incorporates advanced security measures to protect customer data and ensure system integrity, providing peace of mind for our customers.

How does SeaBaaS benefit the Nigerian economy?

By developing a locally owned platform, we support the growth of Nigeria’s tech sector, reduce economic outflows, and contribute to making Nigeria a net exporter of technology.

What future developments can we expect from SeaBaaS?

Sterling and Peerless are committed to the continuous improvement of SeaBaaS. As its first and primary user, Sterling provides ongoing feedback to ensure the platform evolves to meet the needs of our clients and the market.

Join the transformation with SeaBaaS

We encourage you to explore how this unique platform can help you achieve your growth goals while contributing to a stronger, more innovative Nigerian economy. Join us!

rocket launch 1
Business Details
Contact Person Details
whatsapp