Cable, the leader in Automated Compliance Testing for banks, fintechs, and crypto companies, announced a strategic partnership with OMB Bank, a $1.8 billion community bank based in Springfield, Mo. This partnership ensures OMB can effectively manage Second Line of Defense (2LOD) compliance with automated testing of regulatory controls and dynamic risk assessments.
Through this partnership, OMB Bank has begun to implement Cable’s Risk Assessment and Automated Compliance Testing, initially for its direct customers and later extending to all its fintech partners working with OMBX, the bank’s embedded finance division. By leveraging Cable, OMB will establish a scalable, automated compliance framework, ensuring proactive risk management across its entire customer base, including its fintech ecosystem.
“Banks have been using Cable to automatically test the compliance of their fintech partners for a while now. OMB choosing to initially test compliance over its own direct customer base, before expanding to all its fintech partners, shows where the market is moving and how OMB are thinking proactively. Compliance testing will be automated as standard, and OMB is demonstrating their desire to ensure compliance is front and center to all their growth activities,” said Natasha Vernier, Cable CEO.
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Cable’s Risk Assessment continuously updates based on real-time control effectiveness, making it the only truly objective BSA Risk Assessment on the market. Meanwhile, Automated Compliance Testing enables OMB to test 100% of accounts and transactions, eliminating manual sampling and providing real-time visibility into control performance—helping the bank maintain regulatory confidence while scaling its business.
“At OMB Bank and OMBX, we are committed to building a scalable and resilient compliance framework that supports both our traditional customers and our fintech partners,” said Steve Bishop, chief innovation officer of OMB Bank and president of OMBX. “By partnering with Cable, we’re taking a proactive stance on risk management, ensuring we have real-time oversight and automated compliance testing that strengthens our regulatory posture. This collaboration allows us to confidently scale our embedded finance ecosystem while maintaining the highest standards of compliance and security.”
By adopting Cable’s solutions, OMB Bank is taking a proactive approach to risk and compliance, reinforcing its commitment to regulatory excellence as it grows its fintech partnerships. As implementation progresses, OMB will gain enhanced oversight of financial crime risks, ensuring compliance at scale for both direct customers and fintech programs.
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