I am delighted to announce that Academy Bank, a nearly 60-year-old bank with $3 billion in assets, based in Kansas City, Missouri, has chosen Cable to power it's Automated Compliance Testing.
Academy Bank will use Cable to enhance Bank Secrecy Act oversight of its fintech partners by enabling complete automation of control testing across the BSA regulatory framework. As Academy Bank grows, it intends to leverage technology to ensure proactive risk management and compliance, with Cable serving as a core part of that strategy.
“Partnering with Cable allows us to automate and enhance our oversight of fintech partnerships, ensuring we maintain the highest standards of regulatory compliance while expanding our services and reach. We value the trust and expertise Cable brings to the table; we view this partnership as more than just a technology upgrade but a shared commitment to a future- focused, proactive approach to risk management,” said Kate Meriwether, Director of BSA at Academy Bank.
Cable’s Platform enables banks, fintechs and crypto companies to continuously test the effectiveness of their regulatory controls across the entire population of accounts, transactions, disputes and loan applications. Cable automates compliance testing for regulations including the BSA, Reg B, Reg E, and Reg Z, and logs a complete audit trail in real time.
We've been getting to know the folks at Academy Bank for a while, and I know them to be strategic, meticulous and forward thinking. I am proud of the message that their selection of Cable sends to the market, and I am excited that we get to be a part of their growth story.
You can read the full press release here.
I am delighted to announce that Academy Bank, a nearly 60-year-old bank with $3 billion in assets, based in Kansas City, Missouri, has chosen Cable to power it's Automated Compliance Testing.
Academy Bank will use Cable to enhance Bank Secrecy Act oversight of its fintech partners by enabling complete automation of control testing across the BSA regulatory framework. As Academy Bank grows, it intends to leverage technology to ensure proactive risk management and compliance, with Cable serving as a core part of that strategy.
“Partnering with Cable allows us to automate and enhance our oversight of fintech partnerships, ensuring we maintain the highest standards of regulatory compliance while expanding our services and reach. We value the trust and expertise Cable brings to the table; we view this partnership as more than just a technology upgrade but a shared commitment to a future- focused, proactive approach to risk management,” said Kate Meriwether, Director of BSA at Academy Bank.
Cable’s Platform enables banks, fintechs and crypto companies to continuously test the effectiveness of their regulatory controls across the entire population of accounts, transactions, disputes and loan applications. Cable automates compliance testing for regulations including the BSA, Reg B, Reg E, and Reg Z, and logs a complete audit trail in real time.
We've been getting to know the folks at Academy Bank for a while, and I know them to be strategic, meticulous and forward thinking. I am proud of the message that their selection of Cable sends to the market, and I am excited that we get to be a part of their growth story.
You can read the full press release here.
