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Griffin boosts regulatory oversight with Cable

Source: Cabhe

Griffin today announced that it has partnered with all in one testing platform provider Cable.

The UK bank for fintechs will use Cable's technology to integrate additional oversight processes into its current financial crime control framework. Responsible risk management is ingrained into the bank’s culture and technology, making Cable a perfect addition to its compliance framework and proprietary platform.

Griffin has partnered with Cable to build sophisticated automated assurance into its BaaS platform, which will enable Griffin to perform continuous customer checks to ensure regulatory compliance and onboard new customers safely and swiftly. The dynamic nature and combination of Cable’s and Griffin’s technology will help Griffin monitor, identify, and address financial crime control risks.

“We are excited to work with Cable to enhance our BaaS platform,” said David Jarvis, CEO at Griffin. “We partnered with Cable because of their team and innovative technology and comprehensive approach to financial crime compliance. Through this partnership, we can better manage our customers and automate lengthy compliance processes, freeing up valuable time and resources for our customers to focus on product development.”

Alex Nash, MLRO at Griffin, said, “Frictionless onboarding and ongoing monitoring is essential to our business. Cable helps us quickly understand our fincrime risk position and provide actionable insights to address any issues. This helps us build better, longer term relationships with our customers, enabling us to give them the best possible Griffin experience.”

Cable’s all-in-one financial crime effectiveness testing platform enables BaaS providers and partner banks to manage their fintech programs and meet financial crime requirements through a purpose-built suite of tools, including tech-enabled risk assessments, automated assurance, quality assurance, management information, reporting, and more. Recently, Cable has also announced partnerships with two US BaaS banks, Axiom Bank, N.A. and Quaint Oak Bank.

“We are thrilled to partner with Griffin,” said Natasha Vernier, Cable CEO. “We’ve worked together closely for months and this collaboration is a testament to our shared value for innovative compliance solutions. We look forward to the exciting next phases of Griffin’s growth and to supporting the continued development of their BaaS platform.”

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