Sila and MX integrate tokenized bank account verification

Sila announced technology integration partnership with MX on November 9, 2022.

Primary

Sila

Counterparty

MX

Structure

technology integration partnership

Date

November 9, 2022

Sub-sector

PAD/ACH & Bank Rails

Tokenized processor integration replaces error-prone manual entry and microdeposits for bank account verification, reducing fraud risk and improving customer onboarding speed.

Primary company

Sila

Counterparty

MX

Amount

Not disclosed

Event date

November 9, 2022

Sub-sector

PAD/ACH & Bank Rails

HQ

Not disclosed

Structure

technology integration partnership

Source published

November 9, 2022

Publisher

TMCnet

Source: tmcnet.com