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The Complete Guide to Starting a Fintech App

This checklist will help you create a fintech app. It includes the steps to take before, during, and after launching your app. … Read More

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Financial Automation Features are Possible For Fintechs

Did you know that financial automation is possible in fintechs? Read to learn more. … Read More

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The Future of Fintech is Open Banking

Open banking opens doors for more fintech to provide bespoke financial services to customers globally. Read why open banking is the future of fintech. … Read More

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Opening a Business Checking Account for Your Fintech App

Learn how to open a business checking account for your fintech startup. … Read More

Is KYC/KYB Mandatory in Fintech?

Is KYC/KYB Mandatory in Fintech?

KYC and KYB are two of the most critical compliance requirements in the financial services industry. Learn about KYC/KYB in fintech. … Read More

Do I Need To Hire A Compliance Officer for my Fintech App?

Do I Need To Hire A Compliance Officer for my Fintech App?

Compliance in the financial payments system is, understandably, a huge hurdle for smaller fintech startups. Here’s what you need to know. … Read More

When is Banking-as-a-Service (BaaS) Right For You?

When is Banking-as-a-Service (BaaS) Right For You?

Banking as a service provides critical financial infrastructure to fintech startups. Here’s a little more about BaaS and when it’s right for you. … Read More

Platform banking: A powerful way to grow, digitalize, and differentiate in 2022

Platform Banking: A Powerful Way to Grow, Digitalize, and Differentiate in 2022

Platform banking is on the rise, and is a powerful way to grow financial products and differentiate in a competitive marketplace. … Read More

13+ Financial Features You Can Add to Your Fintech App

13+ Financial Features You Can Add to Your Fintech App

With the growing fintech industry, there are a number of financial features you can add to your fintech app. Here are 13 features to consider! … Read More

Using Smart Contracts for Automated Financial Features, Like Debt Repayment

Using Smart Contracts for Automated Financial Features, Like Debt Repayment

Financial automation is here and secured with smart contract technology. Read on to learn how you elevate your financial features with smart contract technology and Sila. … Read More

Do I need an SSN verification API for my app?

Do I need an SSN verification API for my app?

Yes, SSN verification and ID verification is required for KYB and KYC. Here’s how Sila can help minimize the friction associated with SSN verification and KYC. … Read More

KYC/AML Compliance Checklist for Fintechs: A Guide to Knowing Your Customer and Anti Money Laundering

KYC/AML Compliance Checklist for Fintechs: A Guide to Knowing Your Customer and Anti Money Laundering

Fintechs are the fastest-growing segment of the financial services industry, but they are also among the most heavily regulated. This checklist helps you identify and address key KYC/AML compliance issues. … Read More

The Fintech Startup's Guide to AML: A Cheatsheet from Sila

The Fintech Startup’s Guide to AML: A Cheatsheet from Sila

AML compliance for fintech startups. This cheat sheet is a one-stop resource that covers the basics of what you need to know about Anti-Money Laundering (AML) compliance. … Read More

Building Your Financial Compliance Stack

Building Your Financial Compliance Stack

Financial compliance first starts with strong financial technology. Read about how to build your financial compliance stack through Sila. … Read More

9 Ways Financial Apps Are Changing Debt Servicing

9 Ways Financial Apps Are Changing Debt Servicing

Financial apps are changing the way money is moved in the U.S. network. It affects debt servicing in a profound way. Here are 9 to get you started. … Read More

How KYC and KYB Applies to Fintech Firms

How KYC and KYB Applies to Fintech Firms

Managing KYC and KYB can be tricky. Here’s a brief overview of what KYC and KYB means to fintech firms and how to prepare for it. … Read More

What Constitutes KYC: The KYC Regime in Fintech

What Constitutes KYC: The KYC Regime in Fintech

KYC and KYB are data-driven regulations that must be followed by all users when using common payment networks like the ACH network and the federal reserve system. Here’s a brief guide to the KYC regime in fintech. … Read More

9 Common Compliance Challenges for Fintech Apps

9 Common Compliance Challenges for Fintech Apps

Fintech is a growing market, but it still experiences many risks in data, information technology, and financial sectors. Here are 9 compliance challenges common for fintech apps. … Read More

U.S. AML Anti-Money Laundering Laws And How They Apply To Fintech

U.S. AML Anti-Money Laundering Laws And How They Apply To Fintech

Anti-money laundering (AML) laws protect the U.S. financial system. Fintech companies who want to grow in this space can partner with Sila to make AML compliance far easier and cost-effective. … Read More

Take Advantage of Compliance-as-a-service for Fintech Solutions

Compliance-as-a-service gets businesses compliant faster and more affordable than over. … Read More

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Finnovation SF: From Founders to Founders

The early days for a FinTech founder are often no cake walk. There’s money to be raised, customers to attract, products to build, regulations to worry about, and a successful team to be compiled. We understand. We’ve been there before. … Read More

Sila’s CEO Shines in Hacker Noon AMA

Sila CEO and co-founder Shamir Karkal participated in a Hacker Noon AMA on June 11 to field some questions from the community and share his experience in building successful FinTech companies. Almost 70 questions came in from the developer community, and … Read More

Challenges & Solutions for FinTech Developers: Regulations

Established FinTech developers and entrepreneurs know regulatory compliance is one of the most difficult aspects of bringing a new product or service to market. Newcomers to the FinTech field typically expect regulatory challenges, but rarely comprehend how immense the challenges … Read More

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Finnovation PDX

Over the last 10 years Portland has steadily defined itself as an impressive hub of the sweeping FinTech movement. Innovative technology has popped up left and right in the Pacific NW, inspiring the development of such companies as Vault, Giftango, … Read More

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Startup Evolution: From A FinTech CEO Perspective

On February 6 Sila hosted a very informative panel discussion at Seattle’s WeWork Labs, featuring Sila CEO Shamir Karkal, Hover CEO Ben Lyon, and Remitly CEO Matt Oppenheimer, moderated by TF Blockchain founder and EVERY* CPO Jonathan Blanco. Each panel … Read More

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How Sila’s API Helps Apps Innovate & Make Finance Work for All

  …in a much less painful way than ever before! In 2017 Justin Thomas was overwhelmed by the number of Americans that lived paycheck-to-paycheck, and this was driven home during the most recent government shutdown. As a software engineer by … Read More

The Maze of Blockchain Regulations

On January 16 Sila co-founders Shamir Karkal and Angela Angelovska-Wilson got together to talk about  How to Bring a Blockchain Product to Market-Legally. The CEO & CLO shared a very informative, and at times hilarious, conversation. Here’s a few of … Read More

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Why the Financial World Needs to Know Your Customer (KYC)

On December 18 Sila hosted the first of many webinars to come, this time focusing the conversation on Why the Financial World Needs to Know Your Customer (KYC). Sila co-founder and CEO Shamir Karkal joined Alloy CEO Tommy Nicholas and CRO … Read More

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6 Problems Tomorrow’s FinTech Apps Will Solve

Few organizations are feeling the quickening pace of technological disruption more than banks. Traditional banking institutions are fast-tracking bottom-up transformations in order to capitalize on new collaborative opportunities for long-term growth. Those opportunities aren’t limited to major business partners and … Read More

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What Are Smart Contracts and How Do They Apply to FinTech?

Smart contracts. As one of the most hyped words being thrown around by blockchain developers and FinTech engineers, it combines two simple concepts into one surprisingly complex and powerful idea. Ask any Ethereum enthusiast about smart contracts and you’ll get … Read More

Announcing Sila —  A New Financial World, Built By You.

For as long as people have lived, we’ve sought ways to make more out of what we have through trade. In 3000 B.C. the Sumerians created the ‘sila’, the first ‘token’, which began with a small bowl used to measure … Read More