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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.

Description

Trusek’s technology platform enables FinTechs, FIs, and Banks to launch new products 10 times faster than traditional development empowering FinTechs & FIs to innovate faster, scale seamlessly, & reduce costs with our secure, flexible & scalable Multi-Currency Platform Trusek’s Payment & Settlement module supports real-time and batch processing Key features include: - Real-time Payment Processing through 3rd Parties connected to Payment Networks/ Schemes - 3rd Party Integrations with third-party banking & payment providers via APIs - Real-time Account Updates on account balances & transaction status - Dual entry accounting throughout - Efficient Bulk Payment processing of bulk payments & payouts - Streamlined Reconciliation: Simplifies settlement and reconciliation processes with real time Bank Reconciliation reports - Comprehensive Reporting: Generates customer statements and other insightful reports Trusek also provides robust Foreign Exchange capabilities, offering seamless integration with a wide range of third-party Forex Providers ensuring access to the global currency markets you require Key features include: - Extensive Currency Support: Access over 65 currencies - Single account holding multiple currency balances - Control Over Conversions: Maintain full control over when and what currency conversions to execute. No forced conversions - Comprehensive Trading Support: Supports Spot, Limit, & Future trades - Real-time Operations: real-time currency conversions & transaction recording - Streamlined Account Management: Currency accounts set up in real-time - Efficient Reconciliation: accurate & timely reporting - Comprehensive Reporting: on foreign exchange operations DIY takes more than 60 weeks. We deliver in less than 6 weeks!

API Access

Has API Yes 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

Currencycloud Yes 
Argyle Yes 
Banking Circle No 
BitPay Yes 
Equals Money No 
Ethereum Yes 
Lexis No 
Lithic Yes 
MX Yes 
Maqetta Yes 
Mercury Yes 
Plaid Yes 
Sardine Yes 
ServiceBell Yes 
Socure Yes 
Thunes Yes 
TransUnion TruValidate Yes 
TrueAccord Yes 
Vesta Yes 
Yodlee Yes 

Integrations

Currencycloud Yes 
Argyle No 
Banking Circle Yes 
BitPay No 
Equals Money Yes 
Ethereum No 
Lexis Yes 
Lithic No 
MX No 
Maqetta No 
Mercury No 
Plaid No 
Sardine No 
ServiceBell No 
Socure No 
Thunes No 
TransUnion TruValidate No 
TrueAccord No 
Vesta No 
Yodlee No 

Pricing Details

Ask sales
Free Trial No 
Free Version Yes 

Pricing Details

Trusek’s platform is a highly configurable and flexible cloud-based service. Pricing is based upon the number of service elements and external API integrations required together with volumes of transactions processed.
Free Trial No 
Free Version 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 

Deployment

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

Customer Support

Business Hours Yes 
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 Yes 
Live Training (Online) Yes 
In Person No 

Types of Training

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

Vendor Details

Company Name

Sila

Founded

2018

Country

United States

Website

silamoney.com

Vendor Details

Company Name

Trusek

Founded

2015

Country

United Kingdom

Website

www.trusek.com

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 

Product Features

Banking

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

Currency Exchange

Analytical Reporting No 
Client Management Yes 
Custom Account Statements Yes 
Data Backup Scheduling No 
For Money Exchanges Yes 
Margin Management Yes 
Market Data Access No 
Position Management No 
Real Time Currency Quotes Yes 
Real Time Tracking No 
Transaction Management Yes 

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