Sila Reviews & Ratings

Sila

5.0 out of 5 stars

Ratings and Reviews 0 Ratings

Total 0 out of 5 stars
ease 0 out of 5 stars
features 0 out of 5 stars
design 0 out of 5 stars
support 0 out of 5 stars

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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

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What is TrueLayer?

TrueLayer distinguishes itself as a leading technology company that provides secure and global access to financial systems. Our innovative APIs enable developers to build high-quality products capable of accessing data and processing payments swiftly and securely. Founded in 2016, TrueLayer has formed alliances with major international banks, boasts backing from notable venture capital firms, and is relied upon by top fintech innovators such as Monzo, Revolut, and Zopa. By promoting open banking through our platform, we empower developers across diverse industries—from budding startups to established corporations—to revolutionize financial services. Operating across the UK, Europe, and Australia, TrueLayer streamlines the incorporation of cutting-edge payments and financial information into any application. Develop groundbreaking products that appeal to your clientele, allowing for effortless money transfers at competitive rates while ensuring a remarkable user experience. Our solution not only removes the necessity for cards but also reduces the risk of fraud and eliminates chargebacks, leading to a seamless financial transaction process. Moreover, by facilitating easier access to financial data, we help businesses enhance their offerings and adapt to the ever-evolving financial landscape.

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.

Media

Media

Integrations Supported

Codat
Activepieces
Clay
Gains App
Nutmeg
Plum

Integrations Supported

Codat
Alpaca
BitPay
Checkout.com
Ethereum
Flutterwave
Lithic
MX
Plaid
Sardine
ServiceBell
TransUnion TruValidate
TrueAccord
Unit21

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version

Pricing Information

Ask sales
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

TrueLayer

Date Founded

2016

Company Location

United Kingdom

Company Website

truelayer.com

Company Facts

Organization Name

Sila

Date Founded

2018

Company Location

United States

Company Website

silamoney.com

Categories and Features

Banking

Not specified

Embedded Finance

Not specified

Financial Data APIs

Not specified

Open Banking

Not specified

Open Finance

Not specified

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

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