SeaBaas Lite
SaaS Core Banking Platform for Africa's Financial Institutions
A streamlined, cloud-native core banking platform bringing enterprise-grade reliability to microfinance banks and fast-growing financial institutions.
- $30M+
- Operational savings
- 60%
- Faster transaction processing
- 99.95%
- System availability
SeaBaas Lite is a streamlined, cloud-native core banking platform, powered by Peerless, built for microfinance banks, digital lenders, cooperatives, and fast-growing financial institutions across Africa. It brings the reliability of the enterprise-grade SeaBaas platform to smaller and emerging institutions, without the cost, complexity, or multi-year timelines of a traditional core banking deployment.
Built on an API-first architecture, SeaBaas Lite covers the full operational core. Customer management, branch operations, deposit and loan product configuration, financial controls, and regulatory reporting delivered through a fully managed cloud infrastructure with local data residency and CBN-aligned compliance built in from day one.
The Challenge
Legacy core banking systems that are expensive to maintain and slow to upgrade
Difficult integration with fintech ecosystems, payment rails, and digital channels
Long deployment timelines often 12 to 24+ months for traditional core systems
Heavy reliance on manual reconciliation and reporting
Enterprise-grade systems that are too complex or costly for microfinance banks and emerging institutions
How we approached it
A cloud SaaS core banking engine deployable in weeks, not months, with no on-premise hardware required
API-first architecture with out-of-the-box integration to payment switches, credit bureaus, identity systems, and fintech platforms
Configuration-driven product setup for savings, loans, and deposit products, launched without custom code
CBN-aligned regulatory reporting, AML controls, and KYC workflows built directly into the platform
A dedicated Customer Success Manager and local technical support team backed by defined SLAs
What it delivered
Institutions on the SeaBaas platform have delivered over $30M in combined operational savings
Up to a 60% reduction in transaction processing time reported by SeaBaas clients
99.95% system availability, with more than 4 billion transactions processed across SeaBaas-powered institutions
Deployment measured in weeks rather than the 12–24+ months typical of traditional core banking
Reference deployments include Sterling Bank at commercial-bank scale and Kolomoni Microfinance Bank for real-time, compliant banking
Why it matters
Moving from CAPEX-heavy on-premise infrastructure to a flexible SaaS model lowers total cost of ownership and frees budget for growth initiatives
Compliance and audit-readiness are embedded in the platform rather than retrofitted, reducing regulatory exposure for microfinance banks and digital lenders
API-first integration readiness shortens time-to-market for new products and fintech partnerships
A phased, structured implementation journey protects business continuity during migration from legacy systems
How we built it
- 1
Environment Setup (Weeks 1–2)
Cloud environment provisioning, system configuration and parameterisation, security and access control setup
- 2
Product Configuration (Weeks 2–3)
Account and loan product setup, charges/taxes/interest configuration, core integrations and API connections
- 3
User Training (Weeks 3–4)
Administrator and operations training, user acceptance testing, documentation and process guides
- 4
Go Live (Weeks 5+)
Data migration from the legacy system, parallel run where required, live monitoring and hypercare support
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