Sila

Sila

5.0 out of 5 stars
BankStore Sila

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BankStore:

About

BankStore is a web-based marketplace for businesses seeking bank accounts and payment services. Its directory lists 1,386 providers across 103 countries, including banks, EMIs, payment providers and acquirers. Users compare products, fees and coverage, then view matches based on jurisdiction, industry, company structure and currency needs. A reusable KYB profile organizes company information and supporting documents; guided workflows track provider requirements and application status. The platform also supports cross-border payments, foreign exchange and acquiring. Its audience includes startups, SMEs, e-commerce firms, fintechs, investors and Web3 companies. BankStore is a technology intermediary, not a bank: partner institutions provide services and independently decide whether to onboard applicants. It says it does not hold customer funds. Directory browsing, matching and profile creation are free; third-party fees vary.
Sila:

About

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.
BankStore:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
Sila:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
BankStore:

Audience

Startups, SMEs, e-commerce companies, fintechs (EMIs, MSBs, PIs), VC funds and Web3 companies that need business banking in one or more countries
Sila:

Audience

Fintech , Crypto, Web3, embedded finance, banking-as-a-service
BankStore:

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported
Sila:

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported
BankStore:

API

Offers API Not Supported
Sila:

API

Offers API Supported
BankStore:

Screenshots and Videos

No images available
Sila:

Screenshots and Videos

BankStore:

Pricing

$0
Provider matching is available at no cost. Depending on the service, BankStore may charge an annual platform license or a success fee when an account is opened through a supported process. Provider fees pass through without markup, and there is no setup fee if no provider matches.
Free Version Supported
Free Trial Not Supported
Sila:

Pricing

Ask sales
Free Version Supported
Free Trial Not Supported
BankStore:

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software
Sila:

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 4.5 / 5
design 5.0 / 5
support 5.0 / 5
Sila:

Pros & Cons from Real Users

Pros

  • The basic features are there to use, and the complex features can be easily be implemented with their extensive documentation and onboarding support.
  • 1. Organized and transparent onboarding and diligence process 2. API is well-documented and robust 3. The Sila team and the level of support and service they provide is the best we've seen in the space. 4. Sila acts and operates as a true partner

Cons

  • Complex scenarios can be tricky, so you need to involve onboarding support.
  • When I find one I'll post it - the partnership has been incredibly positive.
BankStore:

Training

Documentation Not Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported
Sila:

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Not Supported
BankStore:

Company Information

BankStore
Founded: 2023
United Kingdom
bankstore.ai
Sila:

Company Information

Sila
Founded: 2018
United States
silamoney.com
BankStore:

Alternatives

Sila:

Alternatives

Cybrid

Cybrid

Cybrid Technology Inc.
BankStore:
Sila:
BankStore:
Sila:
SiLAS

SiLAS

SILAS
BankStore:
Sila:
SILA

SILA

Gustafsson Cyber Group Ltd
5.0 out of 5 stars
BankStore:
Sila:
BankStore:

Categories

Sila:

Categories

AML Supported
B2B Payment Supported
Banking Supported
Compliance Supported
Crypto APIs Supported
Digital Wallets Supported
Embedded Finance Supported
Embedded Payments Supported
Finance Supported
Financial Services Supported
Fraud Detection Supported
KYC Supported
Mobile Banking Supported
Money Transfer Supported
Payment Gateways Supported
Payment Processing Supported
Sila:

Business Bank Accounts Features

Bank Wires Not Supported
Bill Pay Supported
Billing & Invoicing Supported
Business Credit Cards Not Supported
Checking Account Supported
Checks Not Supported
Expense Management Not Supported
Instant Payouts Supported
No Fee Payments Not Supported
Rewards Not Supported
Savings Account Not Supported
Spend Management Not Supported

AML Features

Behavioral Analytics Supported
Case Management Not Supported
Compliance Reporting Supported
Identity Verification Supported
Investigation Management Not Supported
PEP Screening Not Supported
Risk Assessment Supported
SARs Supported
Transaction Monitoring Supported
Watch List Supported

Banking Features

ATM Management Not Supported
Compliance Tracking Supported
Corporate Banking Not Supported
Credit Card Management Not Supported
Credit Union Not Supported
Investment Banking Not Supported
Multi-Branch Not Supported
Online Banking Supported
Private Banking Not Supported
Retail Banking Not Supported
Risk Management Supported
Securities Management Not Supported
Transaction Monitoring Supported

Billing and Invoicing Features

Billing Portal Not Supported
Contact Database Not Supported
Contingency Billing Not Supported
Customer Portal Not Supported
Customizable Invoices Not Supported
Dunning Management Not Supported
Hourly Billing Not Supported
Invoice History Not Supported
Mobile Payments Supported
Multi-Currency Not Supported
Online Invoicing Not Supported
Online Payments Supported
Payment Processing Supported
Project Billing Not Supported
Recurring/Subscription Billing Supported
Service Ticket Billing Not Supported
Tax Calculator Not Supported

Compliance Features

Archiving & Retention Not Supported
Artificial Intelligence (AI) Not Supported
Audit Management Supported
Compliance Tracking Not Supported
Controls Testing Not Supported
Environmental Compliance Not Supported
FDA Compliance Not Supported
HIPAA Compliance Not Supported
Incident Management Not Supported
ISO Compliance Not Supported
OSHA Compliance Not Supported
Risk Management Supported
Sarbanes-Oxley Compliance Not Supported
Surveys & Feedback Not Supported
Version Control Not Supported
Workflow / Process Automation Supported

Financial Reporting Features

"What If" Scenarios Not Supported
Audit Trail Not Supported
Balance Sheet Not Supported
Cash Management Not Supported
Consolidation / Roll-Up Not Supported
Forecasting Not Supported
General Ledger Supported
Income Statements Not Supported
Multi-Company Not Supported
Multi-Department / Project Not Supported
Profit / Loss Statement Not Supported

Financial Services Features

Analytics Not Supported
Branch Optimization Not Supported
Channel Management Not Supported
Compliance Management Not Supported
Customer Engagement Not Supported
Performance Management Not Supported
Risk Management Supported

Fraud Detection Features

Access Security Management Not Supported
Check Fraud Monitoring Not Supported
Custom Fraud Parameters Supported
For Banking Supported
For Crypto Supported
For eCommerce Supported
For Insurance Industry Supported
Internal Fraud Monitoring Supported
Investigator Notes Not Supported
Pattern Recognition Supported
Transaction Approval Supported

Mobile Banking Features

Bill Payment Supported
Biometric Not Supported
Cash Management Not Supported
Chat / Messaging Not Supported
Cross Selling Functionality Not Supported
Digital Wallet Supported
P2P Payments Supported
Remote Deposit Supported
SMS Banking Supported
Transaction Monitoring Supported
Voice Banking Not Supported

Payment Gateways Features

ACH / eCheck support Supported
Buyer Authentication Supported
Credit / Debit Support Supported
Customer Information Storage Supported
Fraud Prevention Supported
Invoicing Supported
Multi-Currency Not Supported
PCI Compliance Supported
Point-of-Sale (POS) Supported
Recurring Billing / Subscriptions Supported
Reporting / Analytics Supported

Payment Processing Features

ACH Check Transactions Supported
Bitcoin Compatible Supported
Debit Card Support Supported
Gift Card Management Not Supported
Mobile Payments Supported
Online Payments Supported
POS Transactions Supported
Receipt Printing Not Supported
Recurring Billing Supported
Signature Capture Not Supported
BankStore:

Integrations

Alloy Not Supported
Alloy Not Supported
Checkout.com Not Supported
Ethereum Not Supported
Flutterwave Not Supported
Jumio Not Supported
Lithic Not Supported
Maqetta Not Supported
Mercury Not Supported
MoonPay Not Supported
Pinwheel Not Supported
Sardine Not Supported
ServiceBell Not Supported
Thunes Not Supported
TransUnion TruValidate Not Supported
TrueAccord Not Supported
Unit21 Not Supported
Vesta Not Supported
Yodlee Not Supported
Sila:

Integrations

Alloy Supported
Alloy Supported
Checkout.com Supported
Ethereum Supported
Flutterwave Supported
Jumio Supported
Lithic Supported
Maqetta Supported
Mercury Supported
MoonPay Supported
Pinwheel Supported
Sardine Supported
ServiceBell Supported
Thunes Supported
TransUnion TruValidate Supported
TrueAccord Supported
Unit21 Supported
Vesta Supported
Yodlee Supported
BankStore:
Claim BankStore and update features and information
Claim BankStore and update features and information
Sila:
Claim Sila and update features and information
Claim Sila and update features and information