A few months ago, Nigerian banks embarked on a wave of core banking upgrades—and it was anything but smooth. Failed transactions, packed banking halls, and frustrated customers became the norm. But while many banks struggled through the chaos, one institution wasn’t just upgrading—it was taking a completely different approach.
Staying true to its mission of spotlighting African innovation, Founders Connect—the digital media platform renowned for telling the stories of African entrepreneurs and innovators—has released a new documentary offering an inside look at how a legacy institution is navigating the future of banking in Nigeria.
Once Nigeria’s first merchant bank, Sterling has redefined itself as a leader in digital banking innovation. The film takes viewers through its journey—highlighting community-driven initiatives and its bold move to adopt SeaBaas, Africa’s first Indigenous core banking solution, signalling the dawn of a new era for Nigeria’s financial sector—one driven by innovation, resilience, and homegrown technology.
The documentary takes viewers inside Sterling Bank’s evolution, from its origins as Nigeria Acceptances Limited (NAL) to a technology-driven institution at the forefront of banking innovation. It explores key milestones, including its response to the 2006 banking consolidation, the 2019 digital-first rebrand, and its relentless push to deliver homegrown, tech-driven solutions that redefine banking for Nigerians.
Through exclusive interviews with members of staff, this documentary details how Sterling Bank has used technology and innovation to redefine banking in Nigeria. According to Obinna Ukachukwu, a Growth Executive at Sterling Bank, “The core of sterling is reliable technology,” and in line with this, the bank continues to invest in needed technology to support its scale and aid flexibility of service.
Viewers will see firsthand how Sterling Bank is rewriting the rules, introducing innovative products like Specta, a digital lending platform that provides instant loans, and leading the charge with SeaBaas, an innovation that cements its commitment to locally built financial technology. It’s a story of vision, agility, and a relentless drive to make banking simpler and more accessible.
According to Peace Itimi, host of Founders Connect, “Sterling Bank isn’t just adapting to change—it’s setting the pace. This documentary tells the story of their fearless innovation and their commitment to shaping the future of finance in Nigeria.”
But this film isn’t just about a bank—it’s about what’s possible when businesses embrace technology, challenge the norm, and put people first. Sterling Bank’s transformation proves that in today’s fast-moving world, those who dare to evolve are the ones who lead.
The Founders Connect documentary on Sterling Bank’s journey is now streaming on YouTube. Don’t miss this inspiring story, click this link to watch it.
