Synctera snaps up Cable in embedded finance compliance deal

Synctera

Synctera has acquired Cable, a compliance control testing and verification specialist, in a move designed to strengthen regulatory oversight across the fintech ecosystem.

The deal brings Cable’s automated control-testing capabilities under Synctera’s roof, giving sponsor banks a continuous, independent means of verifying that their FinTech partners are adhering to regulations and agreed procedures. Cable will remain available as a standalone product, and its team will continue developing the platform within Synctera.

Banks currently using Cable include Midland States Bank, Grasshopper, and Mercury. The platform sits alongside existing compliance infrastructure, independently validating whether controls are functioning as designed — covering KYC processes, transaction monitoring rules, AML policies, and other critical compliance workflows. Rather than relying on periodic spot checks or manual audits, Cable delivers real-time assurance by continuously testing systems, data, and outputs across FinTech partners and service providers.

The acquisition comes as regulatory pressure on embedded finance and BaaS has intensified. Sponsor banks are now expected to demonstrate continuous, end-to-end oversight of their FinTech programmes — a bar that traditional, sampling-based compliance reviews are no longer equipped to meet. Synctera has positioned the deal as part of its broader commitment to building compliance infrastructure suited to this more demanding environment.

Synctera provides the orchestration layer for the components banks and FinTechs need to offer embedded finance, including compliance technology. Cable operates on the other side of that equation: rather than executing compliance controls, it independently verifies that those controls are functioning as intended.

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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