Ramp selects Cable’s complete financial crime compliance effectiveness testing platform to enhance its market-leading compliance program
Ramp is the leading builder of crypto payments infrastructure making Web3 easy and accessible and enabling its partners to accelerate mainstream adoption of their services. The company recently raised $70 million in Series B funding to boost its crypto on-ramp and off-ramp products, expand its geographic footprint, and scale its team.
Ramp’s integration with Cable’s financial crime compliance effectiveness testing platform will bolster the company’s automated assurance and oversight capabilities, strengthening Ramp’s focus on ensuring regulatory compliance, building consumer trust, and reducing on-ramping and off-ramping friction.
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Steven Eisenhauer, Chief Risk & Compliance Officer at Ramp, said, “We are thrilled to partner with Cable to expand our compliance assurance and testing capabilities. Our decision to integrate with Cable reflects our strong belief in the importance of regulatory compliance and technical innovation at the core of our industry-leading Web3 payments infrastructure. By leveraging the best-in-class, automated tools available in Cable’s platform, we can grow and serve our Web3 partners and customers more efficiently and with greater confidence in our regulatory compliance.”
Cable’s all-in-one platform offers banks, fintechs, and crypto firms a purpose-built suite of tools to ensure compliance with financial crime requirements, including tech-enabled risk assessments, automated assurance, quality assurance, management information, reporting, and more.
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“We are excited to help Ramp continue to strengthen their compliance program. Regulatory scrutiny of the crypto sector is intense following last year’s scandals and volatility,” said Natasha Vernier, Cable CEO. “Ramp shows that the top companies leading the way in this space take their regulatory obligations very seriously and invest in the best tools available to ensure their compliance. It’s an honor to partner with a pioneering company like Ramp prioritizing both compliance and innovation so strongly.”
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