Fraud Prevention

Securing Your Financial Future.

Simplified Fraud Prevention Solutions in a Powerful Money Transfer API

Preventing fraud in your money API is a life-long challenge. But it shouldn’t hold you back. That’s why we developed fraud prevention in our powerful API technology.

Don’t let fraud break down your customer trust.

Compliance Should be Your Top Concern


Compliance should be a key concern of any business. Some compliance features come included in our technology, and we work with you to make sure best practices are followed.

Always On to Reduce the Risk

OFAC Screenings, Audits, Suspicious Activity

We handle all of the required audits, suspicious activity filings, and OFAC screenings in this increasingly regulated market.

ACH Debits (Direct Payments)

KYC/KYB Instantly, No Matter What

You don’t have to bring your own KYC or KYB technology because Sila provides it. We’ve got you covered.

Real-time Fraud Support

You run a financial app. You shouldn’t have to run it on your own. Tap into partner support with our Sila engineers.

Ask Us Anything About Our Fraud Prevention API

What type of security best practices for Sila’s API payment data are there?

All of Sila’s APIs come with customer due diligence best practices, including Know Your Customer (KYC), Know Your Business (KYB) and other ingrained compliance.

While payment data collected through the Sila API is secured by the Sila platform and our partners, each client will have to follow payment data best practices to ensure this data is secure.

Check our blog article on the topic: Security Best Practices for Wallet API Payment Data.

Can I transfer money internationally with Sila?

At this time, the Sila platform alone only supports U.S. bank accounts and credit unions. But you can send money internationally when you partner Sila with any of our international money transfer API partners, such as Corpay, Currencycloud, and Thunes.

How much do API transfers in Sila cost?

We strive to keep ACH transfers through Sila affordable. Talk to a sales executive to learn more about our transaction pricing schedule.

How long do Money Transfers through Sila take to process?

We provide bill payments through ACH transfers and our ledger. Therefore, each processing timeline will vary. You can read about our transfer timelines in this article.

We are offering Instant ACH and soon Real Time Payments! Instant ACH eliminates these processing times, so the money is transferred immediately. The fastest possible transfer time would be the same day if the issue, transfer, and redeem API calls all occur before the same day cutoff of 9:30am PST.

What are the business requirements for using Fraud Prevention with Sila?

To partner with Sila, your business will need to be incorporated in the U.S. and each of your end-users will need to pass SSN verification or EIN verification. Learn more about pre-qualification for all our API access.

Where can I learn more about how Fraud Prevention with Sila works?

Previously known as Customer Due Diligence, all financial apps in the American market need to abide by fraud best practices. This includes Know Your Customer (KYC) and Know Your Business (KYB) for identity verification.

There are a number of compliance requirements for a business to send, receive, and store money in an app. Customers need to manage compliance, but Sila supports the process every step of the way.

With Sila’s payment solution, you have many of the necessary tools already in place:

  • We perform SARs filings and OFAC screenings
  • We have anti-money laundering (AML) licensing

Check our blog article to learn about using Fraud Prevention with Sila and using Sila to manage reduce fraud risk for U.S. Financial Compliance.

Robust Reporting, Analytics, and Transaction Details in the Sila Dashboard

Keeping an eye on suspicious activity and unverified user accounts has never been easier with the Sila dashboard.

Fraud Prevention via API request.

“We could not be what we are without the Sila architecture. It would not be possible. The only way would be to acquire a bank, which might be in the future but not realistic for a startup. Sila gave us probably the only feasible way to get going.”


Fraud Prevention is a click away.

See the potential of the Sila API. Scared away by poorly regulated financial APIs? Fraud prevention is built into our API. Tap into embedded compliance, KYC, KYB, and fraud support.