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What is Sila?

Sila presents a distinctive option compared to ChatGPT, enabling you to maintain ownership over your assistants, discussions, and files; as you interact with the AI, it tailors itself to suit your unique preferences, enhancing the value of this information over time, which underscores the importance of keeping it in your hands rather than those of big corporations like OpenAI or Google. Initiating your experience is simple; just download the app, set up your workspace, and start using it much like you would with ChatGPT. Sila offers functionality that rivals ChatGPT, ensuring compatibility with all major AI models while delivering a comparable user interface and array of features. With a pay-as-you-go pricing structure, you won’t encounter any subscription fees; you will only pay for API usage from AI providers or for computing resources should you choose to operate the models on your own. Your privacy is a top priority, as your data remains exclusively yours; you can keep all your information stored locally on your device and opt to sync with platforms like Dropbox or iCloud for easy access across multiple devices. Moreover, Sila is open-source, with all its code released under the MIT license, granting you the freedom to use it at no cost, tailor it to your specifications, or even develop your own version. This philosophy not only highlights user empowerment but also cultivates a vibrant community of innovation surrounding the platform, encouraging collaboration and continuous improvement among its users.

What is Sila?

Sila operates a comprehensive payment platform that delivers Banking-as-a-Service via a developer-centric payment API, ensuring scalability and enabling quick, secure money transfers. This platform simplifies the process of creating and launching fintech applications and integrated payment solutions across various sectors, including finance, cryptocurrency, and Web3. Among Sila's features are Virtual Accounts, Digital Wallets, KYC/KYB services, and ACH payment APIs tailored for software development teams. Furthermore, additional capabilities can be accessed through a range of pre-approved, integrated partners, each providing varying levels of support. Sila’s excellence in the industry was highlighted when it received the Best Payments as a Service Platform award at the 2022 Embedded Banking Awards by Tearsheet. The company operates out of Portland, Oregon, and continues to innovate in the financial technology space.

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Integrations Supported

Alloy
Alloy
Alpaca
Argyle
BitPay
Checkout.com
Currencycloud
Ethereum
Finicity
Jumio
Lithic
Pinwheel
Plaid
Sardine
Thunes
TransUnion TruValidate
TrueAccord
Vesta
Yodlee

Integrations Supported

Alloy
Alloy
Alpaca
Argyle
BitPay
Checkout.com
Currencycloud
Ethereum
Finicity
Jumio
Lithic
Pinwheel
Plaid
Sardine
Thunes
TransUnion TruValidate
TrueAccord
Vesta
Yodlee

API Availability

Has API

API Availability

Has API

Pricing Information

$0
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Sila

Date Founded

2023

Company Location

United States

Company Website

silain.com

Company Facts

Organization Name

Sila

Date Founded

2018

Company Location

United States

Company Website

silamoney.com

Categories and Features

Categories and Features

AML

Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List

Banking

ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring

Billing and Invoicing

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Business Bank Accounts

Bank Wires
Bill Pay
Billing & Invoicing
Business Credit Cards
Checking Account
Checks
Expense Management
Instant Payouts
No Fee Payments
Rewards
Savings Account
Spend Management

Compliance

Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation

Financial Reporting

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Financial Services

Analytics
Branch Optimization
Channel Management
Compliance Management
Customer Engagement
Performance Management
Risk Management

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

KYC

Mobile Banking

Bill Payment
Biometric
Cash Management
Chat / Messaging
Cross Selling Functionality
Digital Wallet
P2P Payments
Remote Deposit
SMS Banking
Transaction Monitoring
Voice Banking

Payment Gateways

ACH / eCheck support
Buyer Authentication
Credit / Debit Support
Customer Information Storage
Fraud Prevention
Invoicing
Multi-Currency
PCI Compliance
Point-of-Sale (POS)
Recurring Billing / Subscriptions
Reporting / Analytics

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

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