Sila’s key product is an API for identity verification, which empowers developers to identify their users and then use that info in the company’s banking API, which allows users to debit their accounts and move funds from one account to another. On top of that foundational infrastructure, Sila’s Ethereum basis allows for automatic creation of smart contracts, which should allow for more rapid deployment of financial applications.

https://techcrunch.com/2020/04/08/programmable-fintech-payments-startup-sila-raises-7-7m-seed-to-wipe-out-ach/