Acquisition adds real-time testing and observability layer, enabling sponsor banks to verify fintech compliance at scale
Synctera, a leader in embedded finance and banking-as-a-service (BaaS), announced the acquisition of Cable, which automates control testing so banks know if their fintechs are complying with regulations and agreed procedures. The Cable team will join Synctera and continue to operate and build the product. Cable will continue to be available as a standalone offering.
Read More on Fintech : Global Fintech Interview with Baran Ozkan, co-founder & CEO of Flagright
Synctera, a leader in embedded finance and banking-as-a-service (BaaS), announced the acquisition of Cable, which automates control testing so banks know if their fintechs are complying with regulations and agreed procedures.
As embedded finance and BaaS adoption has accelerated, so has regulatory scrutiny. Sponsor banks are expected to demonstrate continuous, end-to-end oversight of their fintech programs, a standard that traditional, sampling-based compliance reviews can no longer meet.
Cable addresses this shift by giving banks an independent, automated way to verify that compliance controls are actually working, not just that they exist. Its platform continuously tests systems, data, and outputs across fintech partners and service providers, replacing manual audits and spot checks with real-time assurance. The acquisition reflects Synctera’s continued investment in the compliance infrastructure banks and fintechs need to operate responsibly.
“Synctera has always focused on helping banks and fintechs build and scale responsibly,” said Peter Hazlehurst, Co-founder and CEO of Synctera. “But execution alone isn’t enough. Banks need visibility into how those systems are performing in real time. Cable provides that missing observability layer, giving our partners confidence that controls are working as intended across their entire fintech ecosystem. Most solutions in this space are theater. Cable isn’t.”
Cable’s platform sits alongside existing compliance infrastructure, independently testing whether controls are functioning as designed. This includes validating KYC processes, transaction monitoring rules, AML policies, and other critical compliance workflows.
“Banks are being asked to stand behind the performance of increasingly complex fintech ecosystems,” said Natasha Vernier, co-founder of Cable. “That requires a fundamentally different approach: one that is continuous, data-driven, and verifiable. We built Cable to meet that need, and joining Synctera allows us to bring that capability to a much broader market.”
Companies like Midland States Bank, Grasshopper, and Mercury already trust Cable to help manage their compliance. Synctera provides the orchestration layer for all of the components banks and fintechs need to offer embedded finance, including all of the compliance technology. Cable sits on the other side of that equation: instead of executing compliance controls, it independently verifies that those controls are working as intended. There’s no reason to be satisfied by sampling every 100th KYC to check if policy was followed.
Catch more Fintech Insights : Real-Time Payments and the Redefinition Of Global Liquidity
[To share your insights with us, please write to psen@itechseries.com ]
