Cable - Automate BSA/AML Testing

 🔔 BIG NEWS: We’re expanding our automated compliance testing platform with new modules for Reg E, Reg B, and Reg Z. These additions will empower banks and fintechs to test critical controls for consumer protection and lending regulations with precision and ease.   Interested in getting early access or learning more? Join the waitlist today! https://lnkd.in/gpRCBDN5

The cost of noncompliance for fintechs isn’t just fines—it’s stalled growth and damaged trust with partners and customers. Did you know a single consent order at a partner bank can stop a fintech from onboarding new clients for years? This is why compliance isn’t optional. It’s a growth enabler. 24/7 automated compliance testing empowers fintechs to detect risks early, prove their controls are effective, and build trust with partner banks and regulators. In our latest blog, we break down the risks fintechs face and how automation can be the key to growing safely and securely. Read the blog here: https://lnkd.in/gfJGzScQ How is your fintech adapting to the rising compliance demands?

With regulatory changes on the horizon, this is your chance to hear from industry leaders about: •What 2024 taught us about the regulatory climate for banks and fintechs. •How the new administration could impact innovation, partnerships, and oversight. •Strategies for using technology to anticipate and adapt to real-time regulatory shifts. Join us on Wednesday, Dec. 11 at 10am PT / 1pm ET https://lnkd.in/g252qaXk Cable - Automate BSA/AML Testing, Treasury Prime, Slope, FS Vector.

When Grasshopper Bank was ready to fully commit to Banking as a Service, they chose Cable - Automate BSA/AML Testing as their partner. -- 50 hours saved per fintech partner each year -- 100% testing coverage -- Increase Board confidence We're delighted to be working with the world-class team at Grasshopper, helping them to elevate their compliance program and onboard and manage even more fintech partners.

Compliance is no longer just a bank’s problem. Fintechs must prioritize compliance and risk management if they want to grow safely and maintain trust with partners and customers. Fraud is on the rise, regulatory scrutiny is increasing, and the cost of noncompliance can halt growth—especially when it affects critical relationships with partner banks. So, how can fintechs stay ahead? By investing in 24/7 automated compliance testing. This approach ensures fintechs can: 1. Test 100% of controls in real time 2. Detect risks or failures immediately 3. Build trust with banks, customers, and regulators Explore our latest blog to understand the challenges fintechs face and how automated compliance testing is the key to staying ahead: https://lnkd.in/gfJGzScQ

How will new regulations impact banks and fintechs in 2024? Join us on December 11 to hear from compliance experts Natasha Vernier (Cable), Sheetal Parikh (Treasury Prime), Euna Kim (Slope), and Amy Whitsel (FS Vector), as they discuss how banks and fintechs can navigate the evolving regulatory landscape. Date: Wednesday, Dec. 11 Time: 10am PT / 1pm ET Register here: https://lnkd.in/g252qaXk

Data transparency is foundational to compliance partnerships. Sheetal Parikh and I discussed how aligning on data responsibilities between banks and fintechs builds trust and keeps everyone on the right side of regulatory standards. Catch our full discussion on this topic in the clip, and check out the blog for my complete panel recap: https://lnkd.in/edfKxPuC Cable - Automate BSA/AML Testing Alloy FS Vector Treasury Prime Greenlite

When bank leadership prioritizes compliance, it shows. Will Lawrence from Greenlite explained how the ‘tone from the top’ has shifted to place compliance at the core of strategic growth. This shift supports partnerships and drives operational efficiency—helping banks and fintechs grow stronger together. Explore this idea and more from our panel discussion here: https://lnkd.in/edfKxPuC Cable - Automate BSA/AML Testing Alloy FS Vector Treasury Prime 

Even small banks are not immune - a bank with less than $100M in assets has just been given a Cease and Desist order for BSA/AML violations. Small Business Bank from Kansas has been issued a C&D, and guess what? They need to improve their independent testing. https://lnkd.in/eGx2KnMB

Proactive regulatory engagement is a must. Sheetal Parikh from Treasury Prime emphasized the value of collaboration with regulators to create healthier industry standards. The more we engage and educate regulators, the stronger the ecosystem becomes. Watch Sheetal’s insights in this video snippet, and read my full recap here: https://lnkd.in/edfKxPuC Cable - Automate BSA/AML Testing Alloy FS Vector Greenlite