Sila Reviews & Ratings

Sila

5.0 out of 5 stars

Ratings and Reviews 2 Ratings

Total 5 out of 5 stars
ease 5 out of 5 stars
features 4.5 out of 5 stars
design 5 out of 5 stars
support 5 out of 5 stars

Ratings and Reviews 29 Ratings

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.

What is SBS Banking Platform?

SBS Banking Platform is a cutting-edge, cloud-native solution that provides financial institutions with the flexibility to scale according to their own needs, delivering seamless, digital-first experiences that can be accessed anytime, anywhere. Designed as a fully integrated, front-to-back platform, it fosters innovation across a variety of sectors, including retail banking, corporate banking, and neobanking. From digital and open banking services to deposits, payments, lending, and regulatory compliance, SBS Banking Platform equips financial institutions in the EMEA region with everything they need to stay ahead of the curve in an increasingly competitive market. By providing customizable solutions that align with the specific needs of each institution, the platform supports continuous growth and innovation. SBS Banking Platform is trusted by leading banks, earning recognition from industry giants such as Gartner, Forrester, NelsonHall, and IBS for its significant impact on the banking industry. Recent acknowledgments from Omdia for digital banking, Chartis for regulatory reporting, and NelsonHall for Cloud, SaaS & BPaaS reinforce the platform’s commitment to excellence and its position as a leader in modern banking technology. By streamlining operations and enhancing customer experiences, SBS Banking Platform is driving the future of digital banking.

Media

Media

Integrations Supported

Alloy
Argyle
BitPay
Checkout.com
Finicity
Flutterwave
Jumio
MX
Mercury
Pinwheel
Plaid
Sardine
ServiceBell
TrueAccord
Unit21

Integrations Supported

IDnow
NGDATA Intelligent Engagement Platform
Particeep
Shufti

API Availability

Has API

API Availability

Has API

Pricing Information

Ask sales
Free Version

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
iPad
On-Prem

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Sila

Date Founded

2018

Company Location

United States

Company Website

silamoney.com

Company Facts

Organization Name

SBS

Date Founded

1968

Company Location

France

Company Website

www.sbs-software.com

Categories and Features

AML

Behavioral Analytics
Compliance Reporting
Identity Verification
Risk Assessment
SARs
Transaction Monitoring
Watch List

B2B Payment

Not specified

Banking

Compliance Tracking
Online Banking
Risk Management
Transaction Monitoring

Billing and Invoicing

Mobile Payments
Online Payments
Payment Processing
Recurring/Subscription Billing

Business Bank Accounts

Bill Pay
Billing & Invoicing
Checking Account
Instant Payouts

Compliance

Audit Management
Risk Management
Workflow / Process Automation

Crypto APIs

Not specified

Digital Wallets

Not specified

Embedded Finance

Not specified

Embedded Payments

Not specified

Finance

Not specified

Financial Data APIs

Not specified

Financial Reporting

General Ledger

Financial Services

Risk Management

Fraud Detection

Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Pattern Recognition
Transaction Approval

Identity Verification

Not specified

KYC

Not specified

Mobile Banking

Bill Payment
Digital Wallet
P2P Payments
Remote Deposit
SMS Banking
Transaction Monitoring

Money Transfer

Not specified

Payment Gateways

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

Payment Orchestration

Not specified

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Mobile Payments
Online Payments
POS Transactions
Recurring Billing

Categories and Features

Banking

SBS provides a state-of-the-art, modular core banking system that operates in real-time and is entirely cloud-native, encompassing functions such as deposits, payments, lending, and compliance. Leveraging the advancements in AI and cloud technology, it boasts a flexible and scalable framework that allows for smooth integration with existing systems. As a Software as a Service (SaaS) offering, it guarantees affordability, enhanced security measures, and ongoing access to the latest innovations without the need for complicated migration processes.

ATM Management
Compliance Tracking
Credit Card Management
Multi-Branch
Online Banking
Retail Banking
Risk Management
Transaction Monitoring

Banking as a Service (BaaS)

SBS provides a sophisticated, modular, and fully cloud-based core banking system that encompasses deposits, payments, lending, and compliance features. Leveraging advancements in AI and cloud technology, it boasts a resilient and scalable architecture designed for effortless integration. As a Software as a Service (SaaS) offering, it guarantees affordability, enhanced security, and ongoing access to innovative updates without the need for complicated migrations.

Not specified

Commercial Loan

Oversee commercial lending, regardless of its complexity or simplicity. The SBS Financing Platform streamlines even the most intricate aspects of commercial loan management, offering a complete, paper-free solution that is available on-demand. This platform equips niche financiers with the tools they need to improve customer interactions, speed up credit evaluations, and facilitate immediate risk analysis.

Asset Management
Audit Trail
Dashboard
Document Management
Exposure Management
Pipeline Management
Risk Management
Trend Analysis

Compliance

La plateforme de reporting réglementaire SBS Banking se distingue en tant que leader dans le domaine, proposant une solution intégrée pour le reporting réglementaire. Grâce à son infrastructure SaaS et cloud-native, ainsi qu'à sa couche de collecte de données exclusive, elle offre des fonctionnalités de reporting axées sur les données qui permettent aux institutions de transformer considérablement leurs méthodes de reporting réglementaire.

Compliance Tracking
Environmental Compliance
Risk Management
Workflow / Process Automation

Credit Management

SFP Portfolio Management streamlines the onboarding of dealers, client renewals, and the management of portfolios, which includes aspects like risk assessment and customer interaction. By digitizing the workflows associated with client acquisition, portfolio growth, and providing immediate access to audit data for improved risk oversight, SFP Portfolio Management guarantees customized account management that offers a bespoke experience for each customer.

Not specified

Digital Banking Platforms

The SBP Digital Banking Suite is a cutting-edge open platform that features modular banking capabilities, designed to deliver seamless customer experiences across multiple channels and leverage cloud-native functionalities. This comprehensive solution encompasses all aspects of banking, ranging from customer onboarding to everyday banking activities, while also embracing open banking innovations like Enhanced Onboarding and Credit Insights. Users benefit from an effortless Customer Experience (CX) on both mobile and web platforms. Additionally, the Employee Experience application provides banks with real-time tools for KYC compliance, streamlined workflows, and tailored client interactions. The suite is compatible with any core banking systems and can be implemented in a variety of ways, from complete systems to gradual component rollouts. Moreover, SBP Digital Banking Suite effortlessly connects with leading fintech partners, utilizing an API-first and microservices architecture for straightforward integration. It accommodates various deployment options, including SaaS, private, hybrid, and public cloud configurations. Security is a top priority, as the platform employs a Zero Trust Security framework to protect sensitive data.

Not specified

Financial Data APIs

Not specified

Loan Management

Tailored for financial institutions, captive finance companies, and niche lenders around the globe, the SBS Financing Platform leverages five decades of industry expertise. It enhances the efficiency of lenders and dealers by facilitating data-driven operations and ensuring adherence to digital lending regulations. With minimal initial investment and cost-effective fixed expenses, the platform offers a competitive Total Cost of Ownership. Moreover, its components can seamlessly connect with existing infrastructures via open APIs.

Not specified

Loan Origination

Tailored for financial institutions, captive finance companies, and niche lenders globally, the SBS Financing Platform leverages five decades of expertise in the industry. It enhances the efficiency of lenders and dealers by facilitating data-driven business operations and ensuring compliance in digital lending. With minimal initial setup costs and competitively priced fixed expenses, users benefit from a reduced Total Cost of Ownership for the entire platform. Each component of the platform can seamlessly connect with current systems via open APIs.

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

Loan Servicing

As a component of the SBS Financing Platform, SFP Wholesale caters to financial institutions of varying scales and budgets seeking to deliver exceptional asset lending services. Emphasizing a Software as a Service (SaaS) model, it ensures a minimal Total Cost of Ownership (TCO) with affordable setup fees and manageable fixed expenses through a 'pay-per-use' framework. Additionally, we provide a customized market package that includes standard third-party APIs, operates on a reliable cloud infrastructure, and features automated workflows for enhanced efficiency.

Accounting Management
Amortization Schedule
Application Management
Auto Loans
Automatic Funds Distribution
Collateral Tracking
Compliance Management
Construction Loans
Customer Database
Fee Management
Loan Processing

Online Banking

The SBP Digital Banking Suite revolutionizes financial institutions by turning them into versatile platform banks, offering exceptional customer interactions that encompass everything from hassle-free onboarding to comprehensive daily banking services, enhanced through open banking capabilities. Prioritizing mobile functionality, it boasts an API-first design that provides a solid framework for enhancing employee experiences and managing partnerships effectively. Its core-agnostic nature, commitment to Zero Trust Security, and adherence to continuous compliance make it a secure choice. Furthermore, it is cloud-native, driven by AI and data insights, and ready for SaaS integration.

Brokerage
Cash Management
Chat / Messaging
Credit Card Management
Electronic Statements
Loan Management
Retail Banking
Single Sign On
Transaction Monitoring

Open Banking

The SBP Digital Banking Suite revolutionizes financial institutions, enabling them to become versatile platform banks that prioritize exceptional customer interactions. This suite offers a smooth onboarding process and comprehensive daily banking services, enhanced by open banking functionalities. With a focus on mobile accessibility, the suite boasts an API-centric design that provides a solid infrastructure for both employee engagement and partner relationship management. It is designed to operate independently of any core systems, adheres to Zero Trust Security principles, and guarantees ongoing compliance. Additionally, it is built for the cloud, leverage AI and data analytics, and is ready for Software as a Service (SaaS) deployment.

Not specified

Open Finance

Not specified

Payment Processing

SBP Payments stands as the premier answer that places financial institutions at the forefront of the Payments Revolution. This all-encompassing and flexible platform equips bankers with the tools they need to meet all their demands throughout the complete payments and cards ecosystem. It guarantees exceptional availability, scalability, and security, all while delivering an unmatched experience for customers. Designed to be SaaS-compatible, cloud-based, and independent of core systems, this integrated solution serves as the ultimate resource for all banking requirements.

Mobile Payments
Online Payments

Regulatory Reporting

La plateforme de reporting réglementaire SBS Banking se distingue en tant que leader en fournissant une expérience homogène pour le reporting réglementaire. Grâce à son architecture en mode SaaS et native du cloud, ainsi qu'à sa couche de collecte de données innovante, elle permet aux établissements financiers d'optimiser considérablement leurs procédures de reporting réglementaire.

Not specified

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