Sterling Bank pitches SEABaaS, its custom core banking software to MTN MoMo, other banks

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Sterling Bank, a Nigerian bank with a market capitalization of ₦115.16 billion, is pitching its new custom-built core banking application software, SEABaaS, to financial institutions and fintech companies. 

Two people familiar with the matter said the bank has pitched SeaBaaS to MoMo, MTN’s Mobile Money business. This is consistent with the bank’s plan to save costs by building its…

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