Know Your Customer
(KYC) API

Automated and simplified KYC functionality with Sila.

Simplified Identity Verification in our KYC API

Trust is central when it comes to moving money. That’s why we designed the KYC process to happen at onboarding. Minimize risks so you can focus on your service. With an industry-leading 90+% approval rate.

Embedded Customer Verification

Sila’s KYC API comes integrated with the U.S. banking system to get you up and running faster than ever before.

Reduce Compliance Overhead

Sila regularly conducts OFAC screenings, SARS filings, KYC and KYB compliance reviews and goes through regular periodic bank compliance audits.

Reliable, Integrated, Secure

Our code and expertise come automatically in our KYC API, helping you to manage risk and stay fraud protected.

Scalability in One Compact API

We offer a simple KYC decision process that allows for easily selecting the configuration that will best suit your brilliant idea.

Ask Us Anything About Our KYC API

Where can I learn more about how Know Your Customer (KYC) works?

Companies who connect to the U.S. banking system must verify their customer’s identities. In this case, Know Your Customer (KYC) verifies individual identities to keep U.S. financial users secure

You may have heard of KYC previously as Customer Due Diligence (CDD). KYC financial compliance is actually encapsulated under the USA Patriot Act (2001), along with Know Your Business (KYB), the customer identification program (CIP), and Anti-Money-Laundering (AML) regulations.

Financial compliance (KYC, KYB, CIP, and AML) is essential for keeping the U.S. banking system, the Fed, and NACHA secure and U.S. financial customers protected.

Visit our KYC blog to learn more, or read about the USA Patriot Act.

What are the business requirements for KYC via API?

There are a number of compliance requirements businesses need to follow when using KYB in a financial app. For Grow and Scale plans, you’ll 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 KYC API access

How long does KYC approval take?

When a high-quality photo (i.e., no blur, no cut-off corners, no blocked text, no glare, and high resolution) of a supported document is uploaded, most KYC applications are approved within minutes. Some applications can take up to 24-72 hours to process.

How much do KYC transfers cost?

For businesses, KYC costs depend on the level of identity verification you require. You can view our levels here. Our pricing page has the most up-to-date information on prices and services available at different tiers.

Can I use the KYC API internationally?

At this time we only support U.S. bank accounts and credit unions. It is possible to use our API in conjunction with international money transfer APIs such as Corpay, Currencycloud and Thunes.

What is the KYC process?

Upon providing the required information, a user will either be approved successfully, rejected due to wrong information, rejected due to missing information, or not approved. If the information matches the system, which occurs in 90% of cases, the customer is approved almost instantly.

There are times when the customer will be asked to provide additional documents. The appropriate documents might include pay stubs, passports, and birth certificates, which will then be manually reviewed by Sila’s compliance team.

What type of security best practices for KYC API is there?

Check our blog titled, “Know Your Customer (KYC): What is it and why is it important?” to learn about best practices with this process. Keep in mind we take care of this for you as part of our KYC API

Access and Manage Your KYC Infrastructure in the Sila Developer Console

With real-time access to the developer console, Sila customers can check in on active KYC verifications and manage approved users.

More Than Just a Dashboard:Mission Control for Your Financial App

KYC API transactions as low as $2 per individual.

The Sila platform, API documentation and ACH infrastructure are incredibly robust and cost-effective. However, the thing that really sets Sila apart is their team. I can't say enough about how collaborative and supportive they are, and how smoothly our implementation went under their direction. We really look forward to scaling our business with them.

Custom Build Your KYC API Today

Our KYC API is designed for you. It includes everything you need for identity verification, including user management consoles, white-label, and customer support. Create your first KYC app in our developer console and see what all the fuss is about.