Treasury Prime vs. Sila: A Quick Comparison

Treasury Prime vs. Sila A Quick Comparison

Finding reliable and comprehensive banking services does not need to be difficult. With Sila, our clients have access to know your customer (KYC) and know your business (KYB) verification, secure bank account linking, smart contract technology, and more, all with Sila as their strategic and supportive banking partner. 

Naturally, deciding which bank partner to go with can be quite confusing. To help you out, we’ve provided this guide that compares Sila’s solutions with Treasury Prime, a banking as a service (BaaS) technology for fintech companies. 

What is Banking as a Service?

With a growing number of fintech and online banking services, it can be hard to understand what exactly you’ll get when you partner with a company that offers something like Banking as a service (BaaS) versus something like a bank partner or open banking platform. 

Banking as a Service is a service/product model where banking offerings can be provided through digital banking channels. The BaaS model connects with licensed banks or financial services, which can integrate digital banking services and other products to those non-bank businesses. 

For example, if you run an airline and you want your customers to have access to digital banking services, then you could connect a BaaS for mobile bank accounts, loans, payment services, debit cards, and more, all without needing a bank license. 

These service models typically run through an API (application programming interface), which is a common form of online communication that enables secure access to customers who are accessing banking services through a website or app. In a way, offloading banking to a third party through a BaaS is a great way to ensure that security is maintained and that the users are within legal rights when sending and receiving money and in other financial transactions!

What Treasury Prime Offers

What Treasury Prime offers is exactly that—the BaaS service model that connects fintech companies with banking services. Their product operates through the API so that any company can start up through embedded financial services. In terms of details, Treasury Prime supports the “full account life cycle,” offering an end-to-end banking suite so companies can do everything they need to get up and running with their financial services.

Through their API, Treasury Prime users can open a new bank account, get branded debit cards, make payments and card transactions and make remote deposits through captures. 

Treasury Prime supports: 

  • Opening of FDIC insured accounts
  • UI for commercial and retail accounts for flow
  • Connections with Plaid
  • Opening of FBO company accounts
  • Customizable FBO Account ledger
  • KYC and KYB integrations

So businesses who use the Treasury Prime API can send ACH transfers, wire transfers, bill pay, accounting book transfers, real-time account management, and debit card payments. 

Financial Infrastructure-as-a-Service: What Sila Offers

While most of our clients start with a good idea, they are often held up when it comes to getting the banking services that they need. They are often rejected by banks as too small to gain access to that bank’s vendor services and find online banking services. 

BaaS vendors are a dime-a-dozen these days, and Sila differentiates itself by being more of a partner to growing businesses. 

Sila does more than simply banking-as-a-service. Sila is its own bank agent, which can provide seamless account linking, KYC and KYB integration, and compliance and financial infrastructure set up. 

While many companies will be able to provide banking integrations, we have the whole kit-and-caboodle. Budding startups may go to a BaaS service and discover that they still need to learn about financial compliance across a slew of state regulations. On top of that, they may be forced to seek (and pay for) legal counsel when it comes to providing banking services and connecting with differing banking technologies. 

Sila provides all of these services in one API. Here’s what we offer:


We understand that starting up with a banking service is difficult, which is why with Sila, you don’t have to figure out the legal or compliance requirements for each US state. As your partner, Sila handles that for you. We also connect you to a community of like minded folks, available to support you online on your journey. 

Treasury Prime vs. Sila 

While both Treasury Prime and Sila offer banking-as-a-service, they distinguish in several ways. To start, Sila provides a banking agent partnership that not a lot of BaaS companies can provide. 

Where a client of Treasury Prime might have access to the banking API, they might still have to source some of the core banking services and learn a lot of the regulatory framework for staying compliant financially in the US. 

This process can be extremely tedious and time-consuming. It also costs a lot of money! 


Additionally, Sila offers more versatility in how money can be sent. Treasury Prime provides its customers’ clients with an FDIC-insured bank account, account management, ACH transfers, and wire transfers. Sila goes above and beyond that with compliance direction, the online wallet API, and same-day ACH transfers. You can also send money internationally into and out of the US with our cryptocurrency transfer system. 

If you are seeking a banking partnership, then you want to choose Sila. Our dedication and expertise in the highly regulated banking industry will ensure that you are not only connecting your business to essential financial services but are also compliant and saving money where you can. You can also scale and expand with services like the crypto transfer and wallet API.

Trust in Sila, your new, comprehensive bank partner.