Synctera has acquired Cable, a compliance automation platform that enables banks to verify whether their FinTech partners are adhering to regulations and agreed operational procedures.
The acquisition brings Cable’s team into Synctera, with the product continuing to be developed and operated as before. Cable will also remain available as a standalone offering for existing and new customers.
Banks including Midland States Bank, Grasshopper and Mercury already rely on Cable to support their compliance operations. Cable’s platform integrates alongside banks’ existing compliance infrastructure, independently validating that controls are functioning correctly rather than merely confirming their existence. This encompasses the verification of KYC processes, transaction monitoring rules, AML policies and other key compliance workflows.
Synctera offers the orchestration layer that brings together all the components banks and FinTechs require to deliver embedded finance, including compliance technology. Cable operates on the other side of that equation — not executing compliance controls, but independently confirming they are working as intended. The companies said this removes the need for the traditional approach of sampling a fraction of KYC checks to assess whether policy has been followed.
The deal comes as regulatory scrutiny of embedded finance and BaaS has intensified alongside the sector’s rapid growth. Sponsor banks are increasingly expected to demonstrate continuous, end-to-end oversight of their FinTech programmes — a bar that conventional sampling-based compliance reviews are no longer considered sufficient to meet. Cable’s platform responds to this by offering continuous, automated testing of systems, data and outputs across FinTech partners and service providers, replacing manual audits and spot checks with real-time assurance.
Synctera co-founder and CEO Peter Hazlehurst said, “Synctera has always focused on helping banks and fintechs build and scale responsibly. 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 co-founder Natasha Vernier said, “Banks are being asked to stand behind the performance of increasingly complex fintech ecosystems. 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.”
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