Synctera Acquires Cable to Strengthen Compliance Verification Capabilities
DUBAI, UAE – April 14, 2026 — Synctera announced the acquisition of compliance startup Cable on April 14, 2026, to add independent verification of compliance controls such as KYC, AML, and transaction monitoring. The deal will deliver real-time observability for banks overseeing fintech partners, responding to heightened regulatory scrutiny in the Banking-as-a-Service (BaaS) sector.
Announcement Specifics
Banking-as-a-Service provider Synctera acquired Cable, an automated compliance testing platform, for undisclosed financial terms. Cable’s technology independently tests compliance workflows, complementing Synctera’s execution tools. The product will continue as a standalone offering while integrating natively into the Synctera platform. Customers including Mercury, Grasshopper, and Midland States Bank already use Cable’s verification services.
Stakeholder Perspectives
“What Cable offers sits on the other side of the equation: instead of executing compliance controls, it independently verifies that those controls are working as intended.”
— Peter Hazlehurst, Co-founder and CEO at Synctera
Why it matters: This shifts compliance from sampling-based approaches to comprehensive testing, supporting banks’ internal audits and regulatory requirements.
“Banks look to BaaS providers like Synctera to help them grow. Cable being a part of Synctera means that even more banks will benefit from automating the hardest parts of their work.”
— Natasha Vernier, Co-founder and CEO at Cable
Why it matters: The acquisition expands Cable’s reach to Synctera’s banking network, scaling automated compliance verification across the financial ecosystem.
Industry Context
The BaaS model enables banks to expand via fintech partnerships, but regulators demand robust, continuous oversight amid digital transformation. Proposed AML rules emphasize risk-based controls, independent testing, and training programs. Synctera, launched in 2020, powers embedded finance solutions for financial institutions seeking to scale fintech programs. Cable addresses critical verification gaps in compliance infrastructure, providing banks with tools to demonstrate regulatory adherence through systematic, automated testing rather than manual sampling methods.
As Synctera nears profitability and eyes Series B funding, enhanced compliance tools will attract more sponsor banks scaling fintech programs responsibly. The acquisition fortifies Synctera’s compliance infrastructure, differentiating it in a crowded BaaS market where regulatory standards continue to evolve.
Conclusion
Synctera’s integration of Cable promises scalable, verifiable compliance capabilities, equipping banks to navigate regulatory evolution and foster sustainable fintech growth through comprehensive oversight infrastructure.
Sources: PYMNTS, Business Wire, Axios
