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Description

Across the globe, various communities and institutions are embracing the adoption of Bitcoin and the Lightning network through Galoy, an innovative open-source banking platform. This approach not only fosters the development of Bitcoin banking solutions via self-hosted infrastructure but also offers a managed implementation known as "banking-as-a-service." By utilizing the same shared custody model and user-friendly Lightning wallet that empowered Bitcoin Beach to establish a thriving circular economy, anyone can launch their own Bitcoin community bank. The platform leverages established infrastructure to deliver modern financial services to anyone equipped with a mobile phone and internet access. This is why we create tools that allow organizations, regardless of their size or type, to set up their own Bitcoin-centric banking systems. The application simplifies transactions by facilitating payments through Bitcoin addresses, Lightning invoices, or unique usernames, while a transaction log keeps track of payment histories among users. Additionally, a mobile-optimized map showcases local businesses that welcome Lightning payments, enhancing the overall experience for users and merchants alike. By bridging technology and community needs, Galoy is paving the way for a new era of digital finance.

Description

Sila is an end-to-end payment platform that provides Banking-as-a-Service through a developer-friendly payment API that is scalable and allows for fast and secure money transfers. Sila’s payment platform streamlines building and launching fintech apps and embedded payment products for financial products, fintech, crypto, and Web3. Sila’s offerings include Virtual Accounts, Digital Wallets, KYC/KYB, and ACH payments APIs for software teams. Additional functionality is available through a network of pre-approved and pre-integrated partners (to different degrees). Sila was recognized as the Best Payments as a Service Platform by the 2022 Embedded Banking Awards of Tearsheet. Sila is headquartered in Portland, Oregon.

API Access

Has API No 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

Argyle No 
BitPay No 
Bitcoin Yes 
Checkout.com No 
Ethereum No 
Finicity No 
Flutterwave No 
Lithic No 
MX No 
Maqetta No 
Mercury No 
MoonPay No 
Pinwheel No 
ServiceBell No 
Socure No 
Telegram Yes 
Thunes No 
TransUnion TruValidate No 
Vesta No 

Integrations

Argyle Yes 
BitPay Yes 
Bitcoin No 
Checkout.com Yes 
Ethereum Yes 
Finicity Yes 
Flutterwave Yes 
Lithic Yes 
MX Yes 
Maqetta Yes 
Mercury Yes 
MoonPay Yes 
Pinwheel Yes 
ServiceBell Yes 
Socure Yes 
Telegram No 
Thunes Yes 
TransUnion TruValidate Yes 
Vesta Yes 

Pricing Details

Free
Free Trial No 
Free Version Yes 

Pricing Details

Ask sales
Free Trial No 
Free Version Yes 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App Yes 
Android App Yes 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Galoy

Founded

2019

Country

United States

Website

galoy.io

Vendor Details

Company Name

Sila

Founded

2018

Country

United States

Website

silamoney.com

Product Features

Banking

ATM Management No 
Compliance Tracking No 
Corporate Banking No 
Credit Card Management No 
Credit Union No 
Investment Banking No 
Multi-Branch No 
Online Banking No 
Private Banking No 
Retail Banking No 
Risk Management No 
Securities Management No 
Transaction Monitoring No 

Product Features

AML

Behavioral Analytics Yes 
Case Management No 
Compliance Reporting Yes 
Identity Verification Yes 
Investigation Management No 
PEP Screening No 
Risk Assessment Yes 
SARs Yes 
Transaction Monitoring Yes 
Watch List Yes 

Banking

ATM Management No 
Compliance Tracking Yes 
Corporate Banking No 
Credit Card Management No 
Credit Union No 
Investment Banking No 
Multi-Branch No 
Online Banking Yes 
Private Banking No 
Retail Banking No 
Risk Management Yes 
Securities Management No 
Transaction Monitoring Yes 

Billing and Invoicing

Billing Portal No 
Contact Database No 
Contingency Billing No 
Customer Portal No 
Customizable Invoices No 
Dunning Management No 
Hourly Billing No 
Invoice History No 
Mobile Payments Yes 
Multi-Currency No 
Online Invoicing No 
Online Payments Yes 
Payment Processing Yes 
Project Billing No 
Recurring/Subscription Billing Yes 
Service Ticket Billing No 
Tax Calculator No 

Business Bank Accounts

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

Compliance

Archiving & Retention No 
Artificial Intelligence (AI) No 
Audit Management Yes 
Compliance Tracking No 
Controls Testing No 
Environmental Compliance No 
FDA Compliance No 
HIPAA Compliance No 
ISO Compliance No 
Incident Management No 
OSHA Compliance No 
Risk Management Yes 
Sarbanes-Oxley Compliance No 
Surveys & Feedback No 
Version Control No 
Workflow / Process Automation Yes 

Financial Reporting

"What If" Scenarios No 
Audit Trail No 
Balance Sheet No 
Cash Management No 
Consolidation / Roll-Up No 
Forecasting No 
General Ledger Yes 
Income Statements No 
Multi-Company No 
Multi-Department / Project No 
Profit / Loss Statement No 

Financial Services

Analytics No 
Branch Optimization No 
Channel Management No 
Compliance Management No 
Customer Engagement No 
Performance Management No 
Risk Management Yes 

Fraud Detection

Access Security Management No 
Check Fraud Monitoring No 
Custom Fraud Parameters Yes 
For Banking Yes 
For Crypto Yes 
For Insurance Industry Yes 
For eCommerce Yes 
Internal Fraud Monitoring Yes 
Investigator Notes No 
Pattern Recognition Yes 
Transaction Approval Yes 

KYC

Mobile Banking

Bill Payment Yes 
Biometric No 
Cash Management No 
Chat / Messaging No 
Cross Selling Functionality No 
Digital Wallet Yes 
P2P Payments Yes 
Remote Deposit Yes 
SMS Banking Yes 
Transaction Monitoring Yes 
Voice Banking No 

Payment Gateways

ACH / eCheck support Yes 
Buyer Authentication Yes 
Credit / Debit Support Yes 
Customer Information Storage Yes 
Fraud Prevention Yes 
Invoicing Yes 
Multi-Currency No 
PCI Compliance Yes 
Point-of-Sale (POS) Yes 
Recurring Billing / Subscriptions Yes 
Reporting / Analytics Yes 

Payment Processing

ACH Check Transactions Yes 
Bitcoin Compatible Yes 
Debit Card Support Yes 
Gift Card Management No 
Mobile Payments Yes 
Online Payments Yes 
POS Transactions Yes 
Receipt Printing No 
Recurring Billing Yes 
Signature Capture No 

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