Synctera, a banking-as-a-service platform, has acquired Cable, a compliance automation startup that helps banks verify whether their fintech partners are following regulations and agreed procedures. The Cable team will join Synctera whilst continuing to operate the product as a standalone offering. Cable automates control testing, replacing manual audits with real-time verification of compliance systems across fintech partners and service providers. The platform continuously tests KYC processes, transaction monitoring rules and AML policies, providing banks with independent assurance that controls are functioning as designed. The acquisition addresses growing regulatory scrutiny in embedded finance, where sponsor banks face increasing pressure to demonstrate continuous oversight of fintech programmes. Companies including Midland States Bank, Grasshopper and Mercury already use Cable's platform.

SMBC Fin Atlas Beyond Fund has invested in Synctera, a Banking as a Service and embedded finance platform, co-leading a strategic financing round alongside the National Bank of Canada. The fund was launched in collaboration with Fin Capital. Founded in 2020, Synctera provides companies with tools to build and scale banking products whilst enabling sponsor banks to manage embedded finance programmes. The platform serves customers including BTG Pactual, Mazlo and Float, and partners with over 10 financial institutions such as TransPecos Banks and Lincoln Savings Bank. Synctera previously raised a Series A round led by Fin Capital in 2021. The company has expanded its offerings in 2025, launching new credit products and extending its flexible ledger capabilities to community banks.