Synctera, a banking and payments platform, has acquired Cable, a compliance automation and control-testing company for banks and fintechs.
Natasha Vernier, Cable’s co-founder and CEO, announced the sale on her company’s website. The price wasn’t disclosed,
“I am incredibly proud of the changes we have kicked off in the banking industry,” Vernier wrote.
“We’ve built the leading compliance testing platform for banks to test their own controls, and the controls of their third-party fintech partners,” she added. “Cable being a part of Synctera means that even more banks will benefit from automating the hardest parts of their work.”
Cable’s clients include Grasshopper Bank, Midland States Bank and Mercury.