KYC and KYB are two of the most critical compliance requirements in the financial services industry. Learn about KYC/KYB in fintech. … Read More
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
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
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
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
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
Stripe vs. Sila: Choosing Your Payment Partner
Comparing Stripe vs. Sila when helping startups and small business owners choose payment infrastructure. … Read More
Outsource your US Financial Compliance with Sila
Financial compliance is tedious and costly, and it’s even worse if you fail it. Outsource your US financial compliance with Sila. … Read More
Know Your Customer (KYC): What is it and why is it important?
US ACH transfers require that you “Know Your Customer.” KYC compliance can be outsourced when you use ACH payment APIs like Sila! … Read More
U.S. Know Your Customer (KYC) Regulations and ACH Payments
If you operate as a financial institution or a third party payment processor (TPPP) and wish to send money through the U.S.’s Automated Clearing House (ACH), then you must follow the guidelines for knowing and verifying your customers. Older guidelines … 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
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
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