Synctera, which is among the frontrunners in the provision of embedded finance and banking-as-a-service (BaaS) solutions, has made public its purchase of Cable, a compliance technology platform that automates the control testing of banks and fintech programs. In connection with this transaction, the Cable crew will be integrated into Synctera, yet they will still carry on with the operations and development of their product independently, which will continuously be sold as a standalone solution.
The takeover is partly inspired by the fact that tremendous expansion of embedded finance has been coupled with vigilant regulatory oversight of the industry. Banks, which act as the sponsors of these platforms, are more and more being asked to provide evidence of their ongoing, comprehensive management of partnerships with fintechsomething, that is, traditional compliance using a method of selecting and examining few samples is unlikely to satisfy.
By equipping banks and fintechs with the ability to carry out compliance control verifications automatically and in real time, Cable facilitates an effective response to this problem. Auditing the system and its outputs only after a certain lapse of time is no longer the way the platform goes about testing it. Instead, it carries out a series of regular monitoring activities and testing on the same day for, i.e. checking the data and outputs from the involved partners or third-party service providers. The thinking behind this is that the controls are not only operating but also manifest the active will that they were put in place for, thereby providing assurance at a high level and transparency.
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“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 technology integrates alongside existing compliance infrastructure, offering an independent layer of validation across key regulatory processes. These include Know Your Customer (KYC) procedures, transaction monitoring systems, anti-money laundering (AML) controls, 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.”
By incorporating Cable’s capabilities, Synctera is expanding its investment in compliance infrastructure, enabling banks and fintechs to operate with greater confidence, accountability, and regulatory alignment in an increasingly complex financial ecosystem.
