GBank Financial Holdings Inc. is Pleased to Share the Press Release of Sila Announcing the Successful Completion of API Integration, Modernizing GBank's Technology Stack for ACH, RTP, and FedNow Transactions

GBank Financial Holdings Inc. (OTCQX: GBFH) has announced the successful completion of a significant API integration project with Sila, a fintech infrastructure platform.

Rhea-AI Summary

GBank Financial Holdings Inc. (OTCQX: GBFH) has announced the successful completion of a significant API integration project with Sila, a fintech infrastructure platform. The partnership marks a important technological advancement for GBank, transitioning from legacy flat-file systems to an API-driven infrastructure.

The modernization enables seamless processing of transactions across multiple payment rails, including ACH, Real-Time Payments (RTP), and FedNow. This technological upgrade positions GBank to better serve fintech companies with enhanced payment processing capabilities.

Positive

• Modernization of payment infrastructure from legacy systems to API-driven technology
• Enhanced capability to process multiple payment types (ACH, RTP, FedNow)
• Strategic partnership with established fintech infrastructure provider Sila
• Improved technological positioning to serve fintech companies

Negative

• None.

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LAS VEGAS, Feb. 27, 2025 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company of GBank (the "Bank"), is pleased to share the press release of Sila, a leading fintech infrastructure platform, announcing the successful completion of a major API integration project. The partnership has modernized GBank's technology stack, transitioning from legacy flat-file systems to a robust API-driven infrastructure, enabling seamless transactions across ACH and Real-Time Payments (RTP) rails for fintech companies.

The full press release from Sila can be found here:

Sila and GBank Announce Successful API Integration, Modernizing GBank's Technology Stack for ACH, RTP, and FedNow Transactions • Sila

Click here to learn more about GBank Financial Holdings Inc.

Click here to learn more about Sila.

Notice Regarding Disclosures and Forward-Looking Statements

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ("Securities Act"). This announcement is being issued in accordance with Rule 135 under the Securities Act.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding certain of the Company's goals and expectations with respect to future events that are subject to various risks and uncertainties, and statements preceded by, followed by, or that include the words "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions. These statements are based upon the current belief and expectations of the Company's management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include, but are not limited to: the impact on us or our customers of a decline in general economic conditions and any regulatory responses thereto; potential recession in the United States and our market areas; the impacts related to or resulting from bank failures and any continuation of uncertainty in the banking industry, including the associated impact to the Company and other financial institutions of any regulatory changes or other mitigation efforts taken by government agencies in response thereto; increased competition for deposits and related changes in deposit customer behavior; the impact of changes in market interest rates, whether due to continued elevated interest rates or potential reductions in interest rates and a resulting decline in net interest income; the persistence of the inflationary pressures, or the resurgence of elevated levels of inflation, in the United States and our market areas; the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; effects of declines in housing prices in the United States and our market areas; increases in unemployment rates in the United States and our market areas; declines in commercial real estate values and prices; uncertainty regarding United States fiscal debt and budget matters; cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events; regulatory considerations; our ability to recognize the expected benefits and synergies of our completed acquisitions; the maintenance and development of well-established and valued client relationships and referral source relationships; acquisition or loss of key production personnel; changes in tax laws; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; potential increased regulatory requirements and costs related to the transition and physical impacts of climate change; and current or future litigation, regulatory examinations or other legal and/or regulatory actions. These forward-looking statements are based on current information and/or management's good faith belief as to future events. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. The inclusion of this forward-looking information should not be construed as a representation by the Company or any person that the future events, plans, or expectations contemplated by the Company will be achieved. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The forward-looking statements are made as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law. All forward-looking statements, express or implied, included in the press release are qualified in their entirety by this cautionary statement.

View original content:https://www.prnewswire.com/news-releases/gbank-financial-holdings-inc-is-pleased-to-share-the-press-release-of-sila-announcing-the-successful-completion-of-api-integration-modernizing-gbanks-technology-stack-for-ach-rtp-and-fednow-transactions-302388046.html

SOURCE GBank Financial Holdings Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What technological upgrade did GBFH announce in February 2025?

GBFH announced the completion of API integration with Sila, transitioning from legacy flat-file systems to API-driven infrastructure for ACH, RTP, and FedNow transactions.

How will the Sila API integration benefit GBFH's payment processing capabilities?

The integration enables GBFH to process transactions seamlessly across multiple payment rails including ACH, Real-Time Payments, and FedNow, modernizing their technology stack.

What payment systems are now supported by GBFH after the February 2025 upgrade?

Following the upgrade, GBFH now supports ACH, Real-Time Payments (RTP), and FedNow transaction systems.

Who is GBFH's technology partner for the 2025 API integration project?

Sila, a fintech infrastructure platform, partnered with GBFH for the API integration project.