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Sila Announces ACHNow in Partnership with Trice to Revolutionize Real-Time Payments

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Sila & Trice redefine real-time payments with ACHNow, integrating RTP, FedNow, and Instant Settlement for secure, fast, and cost-effective money movement.

PORTLAND, Ore., Feb. 28, 2024 /PRNewswire-PRWeb/ — Sila, a leading innovator in the financial technology space, and Trice, an instant payments platform for businesses and banks, are thrilled to announce a strategic partnership that will redefine the landscape of real-time money movement with ACHNow.

“This partnership reflects our dedication to simplifying financial transactions and making money movement more accessible, reliable, and cost-effective for businesses of all sizes.” – Shamir Karkal, Co-Founder and Chief Strategy Officer at Sila

Sila’s ACHNow product combines RTP, FedNow and their proprietary Instant Settlement product that allows all ACH transactions to be settled in seconds not days. Businesses can submit a standard NACHA file and ACHNow will intelligently route each transaction to either RTP or FedNow and if neither of those rails can support the transaction then Sila’s Instant Settlement product is utilized to clear the transaction. Sila’s ACHNow provides a single API integration to access multiple instant payment rails while delivering significant cost savings over costly wires or card transactions.

Trice’s modern payments platform is designed to provide businesses and financial institutions with intelligent, fast, secure, easy, and cost-effective money transfer solutions that settle every second, every day. The collaboration between Sila and Trice marks a significant step towards empowering businesses with the ability to effortlessly streamline their financial transactions and enhance overall customer satisfaction.

One of the most notable advantages of the partnership is Trice’s capacity to eliminate ACH R1s and R5s, significantly reducing costs, losses, fines, workload, and customer dissatisfaction stemming from insufficient funds and unauthorized debits. By harnessing the power of Trice’s instant safeguards, businesses can enjoy lower risks, streamlined operations, enhanced accountability, and, most importantly, happier customers.

Key highlights of the partnership include:

Real-Time Availability: ACHNow is a 24/7/365 real-time payments platform that empowers businesses to securely request and receive expected funds around the clock. This accessibility ensures that businesses can access the funds they are owed when they need them, allowing for data-driven decisions at any hour.

In addition to the transformative partnership between Sila and Trice, businesses can look forward to a significant boost in their real-time payment capabilities through integration with FedNow and The Clearing House’s RTP (Real-Time Payments) network.

The inclusion of FedNow and RTP enhances the partnership’s ability to facilitate secure, instantaneous, and seamless fund transfers, ensuring businesses have a wide array of tools at their disposal to cater to their specific needs and preferences. This strategic alignment positions Sila and Trice as leaders in the real-time payments space, offering businesses an unprecedented level of choice and convenience in their financial operations.

Sila and Trice share a common vision of providing businesses with an exceptional experience when it comes to moving money efficiently and securely. The partnership will strengthen this commitment by leveraging Sila’s expertise in fintech solutions and Trice’s advanced payments platform.

“We are excited to join forces with Trice to drive innovation with real-time payments for businesses,” said Shamir Karkal, Co-Founder and Chief Strategy Officer at Sila. “This partnership reflects our dedication to simplifying financial transactions and making money movement more accessible, reliable, and cost-effective for businesses of all sizes.”

Shamir Karkal added, “Trice’s innovative instant payment solutions align perfectly with our mission, and together, we aim to set new industry standards for secure and efficient money transfer services.”

“We are thrilled to work with the team at Sila who continues to prove they are a staple in the modern banking ecosystem. With new faster payment systems becoming available, Sila is currently in a great position to create excellent payment experiences to surprise and delight their customers. Together with Sila, we’re excited to bring these groundbreaking solutions to businesses and financial institutions, further enhancing the financial ecosystem with the promise of smarter, faster, and more secure money movement.”, commented Doug Yeager, Co-Founder and CEO at Trice.

For more information about Sila please visit www.silamoney.com and Trice, please visit www.trice.co

About Sila:

Sila is a leading fintech company dedicated to simplifying and improving the way businesses handle their financial transactions. Sila’s powerful API infrastructure and innovative financial tools empower businesses to leverage secure and compliant financial services, allowing them to focus on growth and success.

About Trice:

Trice is a cutting-edge instant payments platform designed to revolutionize the way businesses and their banks move money. Offering intelligent, fast, secure, and cost-effective money transfer solutions, Trice’s innovative approach to real-time payments ensures 24/7/365 availability, empowering businesses to receive expected funds at their convenience.

Media Contact
Jesse Locke, Sila Inc, 1 6472507242, jesse.locke@silamoney.com, https://www.silamoney.com/

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SOURCE Sila Inc

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NAVEE Launches ST3 Pro and GT3 Pro at CES 2025, Receives UL and TÜV Rheinland Certifications

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January 10, 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — NAVEE, a global leader in intelligent short-distance mobility, today announced the North American launch of its flagship electric scooters, ST3 Pro and GT3 Pro, at CES 2025. The event, running from January 7 to January 10, also marks the company’s achievement of two prestigious awards that validate its leadership in smart mobility.

UL verification: Micromobility Performance Range, Energy Consumption and Acceleration

During CES, UL awarded the ST3 Pro-U and GT3 Pro-U with the “Micromobility Performance Range/Energy Consumption/Acceleration” verification. This recognition validates NAVEE’s engineering excellence, with both scooters exceeding rigorous standards for range, energy efficiency, and acceleration. Bryan Bai, NAVEE’s Vice President and Head of North American Sales, and Sherry He, vice president and general manager of Consumer, Medical and Information Technologies at UL Solutions, presided over the award ceremony.

TÜV Rheinland Certification: Range at Max. Speed

Simultaneously, TÜV Rheinland granted the ST3 Pro its “Range at Max. Speed” certification, verifying that the scooter delivers on its promised maximum speed range capabilities. Jay Yang, Vice President of Greater China Electrical at TÜV Rheinland, presented the certification to NAVEE, underscoring the scooter’s exceptional performance standards.

“These launches at CES 2025 represent a significant milestone in our mission to advance smart mobility technology for consumers worldwide,” said Lu Jian, Brand Representative of NAVEE. “The UL verification and TÜV Rheinland certification demonstrate our unwavering commitment to excellence and validate the real-world performance our customers can expect.”

ST3 Pro and GT3 Pro: Redefining Smart Mobility

The ST3 Pro and GT3 Pro represent the next evolution in urban transportation. Engineered for the demands of modern city commuting, these premium electric scooters combine exceptional range and acceleration with sophisticated smart features. The prestigious UL verification and TÜV Rheinland certification affirm NAVEE’s position as an industry pioneer in electric mobility innovation.

About NAVEE

Founded in 2021, NAVEE has quickly emerged as a leader in the global electric mobility market. With a presence in over 30 countries and more than 200,000 users, NAVEE is revolutionizing urban commuting with stylish, reliable electric scooters. The company continues to invest heavily in research and development, ensuring it remains at the forefront of innovation in the electric mobility sector.

For more information, visit: NAVEE Official Website https://www.naveetech.com/

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SOURCE NAVEE

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Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad

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55 minutes ago

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January 10, 2025

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nsave offers trusted dollar, sterling or euro accounts abroad to people from high inflation countries.Customers can now access a range of US equities, ETFs and funds.TQ Ventures leads $18mn financing, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton.

LONDON and GENEVA, Jan. 10, 2025 /PRNewswire/ — nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.

The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.

Today’s means customers can access US equities, ETFs and soon funds managed by some of the world’s largest asset managlaunchers via the nsave app, subject to onboarding and compliance checks.

By working with regulated financial institutions and banking partners in the UK and Switzerland, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.

nsave’s customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.

Based in London and Geneva, nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem.

nsave CEO Amer Baroudi said: “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”

“For some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.” 

TQ Ventures co-founder and co-managing partner, Schuster Tanger, said: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”

“From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”

Contact:
press@nsave.com

 

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View original content:https://www.prnewswire.co.uk/news-releases/fintech-nsave-launches-investment-platform-offering-people-from-distressed-economies-protection-from-inflation-with-compliant-and-safe-investments-abroad-302347105.html

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Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024

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55 minutes ago

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January 10, 2025

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HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.

The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.

Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.

The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.

“Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”

View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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View original content:https://www.prnewswire.co.uk/news-releases/vietnams-youth-rally-behind-blockchain-kucoin-reveals-groundbreaking-insights-at-vtis-2024-302347817.html

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