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Sterling Bank’s SeaBaaS: A Reflection of Nigeria and Africa’s Technological Excellence
Sterling Bank has recently launched its high-tech core banking system, SeaBaaS.
This innovative solution, developed by Peerless in partnership with Nigerian tech companies, including Revent Technologies, marks a pivotal moment in Nigeria and Africa’s banking industry.
About Sterling Bank’s SeaBaaS
Sterling Bank’s SeaBaaS is a robust core banking solution designed to meet the evolving needs of the modern banking industry.
It offers a wide range of features and functionalities, including transaction processing, account management, loan application, digital banking capabilities, enhanced security measures, and streamlined banking processes.
Akintayo Okekunle, CFO and Chief Growth Officer at Revent Technologies highlighted the development of the innovation.
He said, By building homegrown solutions like SeaBaaS, Nigerian and African banks can break free from costly dependence on foreign solutions. This leading-edge core banking system, developed by Indigenous talents, offers a compelling alternative.”
Also Read: How to Apply for Sterling Bank Loan
Benefit of Sterling Bank’s SeaBaaS
A key benefit of SeaBaaS is its ability to reduce costs and improve operational efficiency. Additionally, the core banking solution offers greater flexibility and scalability, allowing banks to adapt to changing market conditions and serve customers better.
Sterling Bank’s investment in technology solutions such as this stimulates economic growth and job creation. By supporting homegrown tech companies, banks contribute to the development of a vibrant and inventive tech ecosystem.
This fosters knowledge transfer, skills development, and the emergence of new startups and businesses.
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