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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

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

7 Best Reasons To Start An ACH Payment API App

7 Best Reasons To Start An ACH Payment API App

ACH payment APIs bring money connectivity to millions in the United States. Here are 7 reasons why you should start your own and join this fintech future. … 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 Do I Go About Finding A Bank To Act As ODFI?

How Do I Go About Finding A Bank To Act As ODFI?

As a fintech startup that wants to offer payment features, you need to work with a bank that is an Originating Depository Financial Institution (ODFI). Here’s how to go about finding an ODFI to work with. … 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

RTP (REAL-TIME PAYMENTS) in Money transfer APIs

RTP (REAL-TIME PAYMENTS) in Money transfer APIs

Real time payments (RTP) is an exciting new payment system in the US. … Read More

Monitoring Your Return Rates: Things To Do To Keep Your Return Codes Low For NACHA

Monitoring Your Return Rates: Things To Do To Keep Your Return Codes Low For NACHA

While avoiding ACH returns altogether sounds nice, it’s not realistic. Here are recommendations for handling return codes: … 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

Money Transfer API Best Practices

Money Transfer API Best Practices

Keeping your money transfer API fully functional takes work. Here are some best practices to keep in mind to keep your API competitive and easy to use. … Read More

Navigating the U.S. National Payment System

Navigating the U.S. National Payment System

National payments systems set up guidelines, processes, and rules for sending money (and more) in each country. Here’s a deeper look at the U.S. National payments systems. … Read More

Bank Account API Linking Through Plaidtures

Adding Instant ACH To Your Financial Features

Instant ACH can amplify your financial products. Here’s how to do that with Sila. … Read More

Understanding the 9 Major Types of Financial Institutions

Understanding the 9 Major Types of Financial Institutions

As players in the financial services marketplace, we find it’s important to distinguish between these 9 types of financial institutions so that both consumers and fintech entrepreneurs understand their purposes. … Read More

Banking Infrastructure: Making Sense of Banks, Middlewares and Sila

Making Sense of Banking Infrastructure: Sila and the Banking Industry

There are several aspects to building a full banking experience platform or providing financial services. Here’s how to make sense of banking infrastructure and Sila features. … Read More

Banking as a Service vs. Payment as a Service

Banking as a Service vs. Payment as a Service

Not sure what banking as a service means? What about payment as a service? This article is here to clear the air. … Read More

Banking as a Service vs. Open Banking vs. Platform Banking

Banking as a Service vs. Open Banking vs. Platform Banking

Confused by common terms in fintech like banking as a service (BaaS), open banking, and platform banking? This article breaks it down. … Read More

13 Best Use Cases For Digital Wallets

13 Best Use Cases For Digital Wallets

Digital wallets seem to be everywhere, and it makes sense. Digital wallets carry an unmatched potential within the financial world. Build your dream digital wallet app with … Read More

Understanding Financial Platforms Dwolla vs. Sila

Understanding Financial Platforms Dwolla vs. Sila

Dwolla is a financial platform entrepreneurs can use for fintech innovation. Here’s the breakdown of Dwolla vs. Sila. … Read More

Plaid vs. Sila: Understanding This Partnership

Plaid vs. Sila: Understanding This Partnership

Sila is not like most payment providers and in fact can help you create payment features for other businesses. In this article, we will compare Plaid versus Sila so that you can understand the differences and similarities between our services. … Read More

Choosing Your Banking-as-a-Service Partner: Arcus Vs Sila

Choosing Your Banking-as-a-Service Partner: Arcus Vs Sila

You want a payment provider who is cost-effective and comes with the features that you need. Here’s Arcus vs Sila to help you find the best payment provider for your needs. … Read More

Understanding the difference between Lithic vs Sila

Understanding the Difference Between Lithic vs Sila

Lithic and Sila are both payment service providers, but each offers a unique service. Read on to learn more! … 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

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. This guide compares Sila with Treasury Prime, BaaS technology for fintechs. … Read More

Circle vs. Sila: How Sila Elevates Payment Services

Sila differentiates from Circle in many ways. Read out comparison to see why Sila is the best choice for fintechs. … Read More

Sending ACH Payments with Sila

With secure solutions like Sila, you can move ACH payments and money internationally faster (and more affordably) than ever before. … Read More

Why Use the Sila API

Why‌ ‌Use‌ ‌the‌ ‌Sila‌ ‌API?‌ ‌

The Sila API is a powerful fintech innovation that can boost your company’s functionality when it comes to financial payments. Because it is a software developer kit (SDK) package, the Sila API can be developed into an effective multi-use financial API. … Read More

What can you do with the Sila API

What can you do with the Sila API?

The Sila API is a powerful software toolkit that can enable business owners, innovators, and developers to create a powerful piece of financial technology. … Read More

Facebook’s Libra: What to Expect at Launch

Facebook’s Libra project is going to be announced soon. If the Block’s reporting is accurate, it will be announced on June 18 with an impressive list of partners. Everybody from Coinbase to Stripe to Andreessen Horowitz has signed up to be a launch partner of some sort. Whatever … Read More

Alex Lipton - Chief Technical Officer at Sila

Sila CTO Alex Lipton Co-Authors "Digital Trade Coin: towards a more stable digital currency"

Updated July 29, 2019 MIT Fellow Says Facebook ‘Lifted’ His Ideas for Libra Cryptocurrency – Yahoo News Several aspects of the social network’s much-ballyhooed global cryptocurrency project uncannily resemble the vision laid out in a paper published last year in the Royal … Read More