Fintech Perspectives

If you operate as a financial institution or a third party payment processor (TPPP) and wish to send money through the U.S.’s Automated Clearing House (ACH), then you must follow the guidelines for knowing and verifying your customers. Older guidelines were centered around Customer Due Diligence (CDD), but more updated measures look to KYC, or the Know Your Customer rule.

Sending electronic money is a fast and easy way to pay bills, pay for a product or service, or save money. You can send money electronically with a wire transfer, an automated EFT payment, and a credit card. It can also be done through ACH payments.

With the development of ACH APIs, more technologies and apps are able to bypass bank controls and open up or expand the ways that Americans can control their money. Among online and app-based investing, ACH API development is allowing more and more Americans to freely exchange their money.

Smart contracts will automate financial transactions and decentralize the authority of contract law, proving value in the FinTech world.

Financial technology developments are solving long-standing customer concerns and demands while creating opportunity for business leaders.

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A recap of the webinar on how to bring a blockchain product to market legally, and how the world is regulating, and responding to, blockchain and FinTech.

Learn how Sila's API platform and suite of tools helps FinTech developers create apps that make the movement of money quicker and easier.