Synctera announced it has acquired Cable, a compliance technology company that automates control testing, as part of its strategy to enhance oversight and verification capabilities across the embedded finance ecosystem.
The acquisition introduces a real-time testing and observability layer that enables sponsor banks to continuously verify that fintech partners comply with regulatory requirements and internal procedures. Cable’s team will join Synctera and continue developing its platform, which will also remain available as a standalone offering.
As adoption of embedded finance and banking-as-a-service has accelerated, regulatory expectations have increased significantly. Sponsor banks are now required to demonstrate continuous, end-to-end oversight of fintech programs, a standard that traditional sampling-based compliance reviews cannot meet.
Cable addresses this challenge by providing an independent, automated way to verify that compliance controls are functioning effectively, rather than merely confirming their existence. Its platform continuously tests systems, data, and outputs across fintech partners and service providers, replacing manual audits and periodic checks with real-time assurance.
The platform validates critical compliance workflows, including know-your-customer processes, transaction monitoring systems, anti-money laundering policies, and other regulatory controls. By sitting alongside existing compliance infrastructure, Cable enables banks to independently confirm that controls are operating as designed.
The acquisition reflects Synctera’s broader investment in building compliance infrastructure that supports responsible growth across financial ecosystems. Synctera provides the orchestration layer that enables banks and fintechs to launch and manage embedded finance products, while Cable adds a verification layer to ensure those systems are functioning correctly.
Cable is already used by financial institutions and fintech companies such as Midland States Bank, Grasshopper, and Mercury to manage compliance processes. By integrating Cable’s capabilities, Synctera aims to expand access to continuous, data-driven compliance verification across a wider market.
Founded in 2020, Synctera offers a platform that enables companies to build and scale banking and payment products while equipping sponsor banks with tools to manage compliant partnerships. Cable complements this by focusing on independent validation of compliance performance, helping institutions meet growing regulatory demands with greater transparency and confidence.
The combined offering is expected to provide a more comprehensive compliance solution, moving beyond execution to include continuous verification across the full fintech ecosystem.
KEY QUOTES:
“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.”
Peter Hazlehurst, Co-founder and CEO, Synctera
“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.”
Natasha Vernier, Co-founder, Cable
