PORTLAND, Ore. – November 9, 2022 – Sila Inc., a fintech software platform that provides payment infrastructure as a service, and MX, a leader in Open Finance, today announced that they have completed integration work of MXapi Processor Tokens with Sila. This will allow Sila customers and their end users to more easily and securely verify bank accounts and account data for fraud mitigation and account balance checks. The use of processor tokens is the latest result of the strategic partnership between Sila and MX.
The kinetic energy powering the open-banking wave continues to build. On Thursday, fintech Sila Inc. and MX Technologies Inc. announced tokenized integration for bank-account verification through MX’s MXapi Processor Tokens. The tokens will enable clients of Sila and their end users to digitally verify bank accounts and account data for fraud mitigation and account balance checks. Among other businesses, Sila processes automated clearing house transactions.
Fintech is one of the fastest-growing industries in the world today. With that rapid growth comes rapid change. So, what does the future hold for Fintech? In the latest Payments Innovation, we take a look at Fintech’s growth and what it means for the industry — from crypto to real-time payment systems and beyond. Shamir Karkal, Co-founder and CEO at Sila, and Cara Hayward, Director of Strategic Partnerships, North America at Currencycloud, share why they both see a bright future for Fintech as it captures more market share of the lucrative financial services industry.
Shamir Karkal, co-founder of trailblazing neobank Simple, discusses his current venture Sila and its mission to simplify payments for the entire ecosystem. Plus-FedNow lurches toward the starting gate, and Glen looks forward to a busy September.
In this episode of Founded and Funded, Madrona Partner Chris Picardo dives into the world of crypto and Web3 with Sila Co-Founder and CEO Shamir Karkal. Sila is a FinTech platform that provides payment infrastructure as a service, which is critical for all companies that need to integrate with the U.S. Banking system and blockchain quickly and securely — while following all necessary regulations.
Fabrica has done what many have wanted to do for years, but largely failed to do. They have put real estate on the blockchain. Putting something “on the blockchain” via an NFT is not an end in itself. What is more important is that Fabrica solves a real problem—lowering the costs and increasing the speed of transacting in the real estate market.
We’re excited to announce that the Charlie Finance team is joining Chime! This talented group, whose mission is aligned with Chime’s, will continue working on new and better ways to provide people more control over their financial lives.