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

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

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

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

Stripe vs. Sila Choosing Your Payment Partner

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

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

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

Fintech cryptocurrency API

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

fintech kyc know your customer

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