Nassau, PO Box N1812,
Bahamas
Sterling Bank & Trust Bahamas Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by Sterling Bank & Trust Bahamas and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 50 Sterling Bank & Trust Bahamas employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Sterling Bank & Trust Bahamas has purchased the following applications: iFinancial BankWare for Core Banking in 2017, Microsoft 365 for Collaboration in 2019, WordPress for Web Content Management in 2020 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Sterling Bank & Trust Bahamas is running and its propensity to invest more and deepen its relationship with iFinancial , Microsoft , Automattic or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Sterling Bank & Trust Bahamas revenues, which have grown to $25.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Sterling Bank & Trust Bahamas intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| iFinancial | Legacy | iFinancial BankWare | Core Banking | ERP Services and Operations | n/a | 2017 | 2018 |
In 2017, Sterling Bank & Trust Bahamas selected iFinancial BankWare for Core Banking to support its newly established retail and wholesale banking operations in the Bahamas. The public announcement listed multi currency accounting, exposure management, current accounts, deposits, loans, payments and SWIFT capabilities as the explicit module scope for the engagement.
iFinancial BankWare was configured to deliver core account lifecycle management, deposit and loan servicing, a multi currency general ledger and exposure management for treasury and risk oversight. Payments functionality was implemented with SWIFT messaging and integrated posting workflows tied to the core ledger. Product configuration emphasized consistent interest calculation and posting rules across retail and wholesale product sets.
The deployment targeted a centralized core instance to serve regional operations and both customer segments in the Bahamas. SWIFT connectivity was specified to support cross border payments and correspondent banking message flows. A reasonable estimate for go live of core functionality is 2018 based on the 2017 announcement and typical phased rollouts of Core Banking implementations.
Governance workstreams focused on centralizing transaction posting, exposure reporting and payments compliance, with operational processes adjusted to the system configured posting and reconciliation flows. Rollout planning used a phased approach, sequencing current accounts, deposits and payments ahead of full loan portfolio servicing and broader exposure modules. iFinancial BankWare is referenced by name as the deployed application within the Core Banking category.
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Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft 365 | Collaboration | Collaboration | n/a | 2019 | 2019 |
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Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Automattic | Legacy | WordPress | Web Content Management | Content Management | n/a | 2020 | 2020 |
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Application Hosting and Computing Services | IaaS |
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2018 | 2018 |
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Application Hosting and Computing Services | IaaS |
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2020 | 2020 |
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Application Hosting and Computing Services | IaaS |
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2024 | 2024 |
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Application Hosting and Computing Services | IaaS |
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2024 | 2024 |
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Domain Name System (DNS) | IaaS |
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2019 | 2019 |
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Domain Name System (DNS) | IaaS |
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2024 | 2024 |
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Domain Name System (DNS) | IaaS |
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2025 | 2025 |
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CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Secure Sockets Layer (SSL) | CyberSecurity |
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2019 | 2019 |
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