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About

ForwardAI provides aggregated accounting and business data and is trusted by companies in 48 countries worldwide. ForwardAI’s technology makes it easy to gain more insight and control over financial information with a full suite of accounting data solutions for large enterprises like banks, lenders, and fintechs, as well as accountants, financial advisors, and small businesses. The Precise API facilitates modern enterprise and developer tech solutions, including powerful add-ons that proactively engage and retain business clients long-term. - Streamlined API with seamless white-label solutions - Connect with all leading accounting platforms - Process small business loan applications in seconds - Retain SME clients with engaging cash flow tools - Offer personalised loan options To learn more, visit ForwardAI.com.

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.

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

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

Audience

Financial Institutions | Alternative Lenders | Fintechs

Audience

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

Support

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

Support

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

API

Offers API Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

First 25 Companies Free
ForwardAI’s pricing model is based on the number of connected companies per month. We define “Connected Company” as any Company that has been invited to share data with ForwardAI.
Free Version Supported
Free Trial Supported

Pricing

Ask sales
Free Version Supported
Free Trial Not Supported

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:

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Reviews/Ratings

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

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.

Training

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

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Not Supported

Company Information

ForwardAI
Founded: 2022
Delaware | Vancouver | Toronto | Chandigarh
www.forwardai.com

Company Information

Sila
Founded: 2018
United States
silamoney.com

Alternatives

Alternatives

Cybrid

Cybrid

Cybrid Technology Inc.
Railz

Railz

Railz.ai
SiLAS

SiLAS

SILAS
SILA

SILA

Gustafsson Cyber Group Ltd
Alviere Hive

Alviere Hive

Alviere

Categories

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

Banking Features

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

Financial Reporting Features

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

Financial Risk Management Features

Compliance Management Supported
Credit Risk Management Supported
For Hedge Funds Not Supported
Liquidity Analysis Supported
Loan Portfolio Management Not Supported
Market Risk Management Not Supported
Operational Risk Management Supported
Portfolio Management Not Supported
Portfolio Modeling Not Supported
Risk Analytics Benchmarks Not Supported
Stress Tests Supported
Value At Risk Calculation Not 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

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

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

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

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

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 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

Integrations

Plaid Supported
Alloy Not Supported
Alloy Not Supported
Alpaca Not Supported
Basiq Supported
BitPay Not Supported
Clear Books Supported
Exact Online Supported
Finicity Not Supported
Flutterwave Not Supported
FreshBooks Supported
Mercury Not Supported
Microsoft Dynamics 365 Business Central Supported
NetSuite Supported
Reckon One Supported
Saasu Supported
Sardine Not Supported
Unit21 Not Supported
Wave Accounting Supported
Yodlee Not Supported

Integrations

Plaid Supported
Alloy Supported
Alloy Supported
Alpaca Supported
Basiq Not Supported
BitPay Supported
Clear Books Not Supported
Exact Online Not Supported
Finicity Supported
Flutterwave Supported
FreshBooks Not Supported
Mercury Supported
Microsoft Dynamics 365 Business Central Not Supported
NetSuite Not Supported
Reckon One Not Supported
Saasu Not Supported
Sardine Supported
Unit21 Supported
Wave Accounting Not Supported
Yodlee Supported
Claim ForwardAI and update features and information
Claim ForwardAI and update features and information
Claim Sila and update features and information
Claim Sila and update features and information