Grasshopper Bank (GHB) has earned its place as a go-to bank for the business and innovation economy. Established in 2019, GHB is focused on providing innovative digital solutions to small businesses (SMBs), startups, financial technology (fintech) companies and the venture capital and private equity community, supporting their rapid growth with secure and reliable banking partnerships.
Chris Mastrangelo, GHB’s Chief Risk Officer, joined in 2021, bringing years of experience from the Boston Federal Reserve and U.S. Treasury. His role came with a clear challenge: How could GHB expand its fintech partnerships without overwhelming compliance resources? This case study highlights GHB’s approach to scaling compliance efficiently through Cable, detailing the challenges, solutions, and measurable outcomes that followed.
When Chris joined GHB, he was part of a strategic shift that included a commitment to Banking-as-a-Service (BaaS)—a model that brings both opportunities and increased regulatory responsibilities. Chris’s deep-rooted experience in regulatory compliance positioned him to recognize early on that scaling these partnerships would require a modern, automated approach to compliance. His focus: to maintain regulatory oversight without exponentially increasing workload as fintech partnerships grew.
Before Cable, GHB’s compliance team handled partner compliance monitoring manually. This approach required considerable time and resources, a model that would quickly become unsustainable as the bank expanded. “The previous monitoring program was a manual effort. The more fintech programs you have, the more bodies it requires, and the more time goes into monitoring,” Chris noted. This led GHB to search for a solution that would reduce administrative overhead while maintaining high standards of compliance oversight.
GHB partnered with Cable to automate BSA/AML testing—a decision driven by the need to streamline compliance efforts as they prepared for growth in fintech partnerships. Cable’s solution enhanced the efficiency and scalability of the compliance framework already built into the core of GHB’s BaaS program, providing a proactive approach by embedding compliance seamlessly into its foundation.
By making compliance an integral part of onboarding, GHB has been able to streamline operations and set clear expectations for fintech partners from day one. This foresight enabled GHB to scale partnerships confidently, ensuring compliance requirements were effectively incorporated into each new integration.
Chris noted, “Cable was brought in early in our business, when we didn’t have extensive monitoring and testing already in place. We’re now able to realize efficiencies that match our growth.” This strategic timing bolstered GHB trajectory for success, allowing automated compliance to expand alongside their growing fintech portfolio.
Since implementing Cable, GHB has seen improvements in compliance efficiency and risk management. Key results include:
Grasshopper Bank’s partnership with Cable shows how automating compliance testing can empower banks to scale responsibly while increasing efficiency and regulatory confidence. With Cable, GHB’s has transformed their compliance operations, ensuring they can grow their BaaS partnerships without compromising on regulatory rigor. For compliance officers, GHB’s experience underscores the value of adopting modern compliance tools to meet today’s demands.
Ready to automate your compliance testing like Grasshopper Bank? Talk to us today to see how Cable can help you save time, improve oversight, and scale your compliance with confidence.
How Grasshopper Bank Saved 50+ Hours per Fintech Partner with Cable’s Automated Compliance Testing.png)
Why Fintechs Need 24/7 Automated Compliance Testing.png)
Expanding Compliance Testing: New Modules for Reg E, Reg B, and Reg ZGrasshopper Bank (GHB) has earned its place as a go-to bank for the business and innovation economy. Established in 2019, GHB is focused on providing innovative digital solutions to small businesses (SMBs), startups, financial technology (fintech) companies and the venture capital and private equity community, supporting their rapid growth with secure and reliable banking partnerships.
Chris Mastrangelo, GHB’s Chief Risk Officer, joined in 2021, bringing years of experience from the Boston Federal Reserve and U.S. Treasury. His role came with a clear challenge: How could GHB expand its fintech partnerships without overwhelming compliance resources? This case study highlights GHB’s approach to scaling compliance efficiently through Cable, detailing the challenges, solutions, and measurable outcomes that followed.
When Chris joined GHB, he was part of a strategic shift that included a commitment to Banking-as-a-Service (BaaS)—a model that brings both opportunities and increased regulatory responsibilities. Chris’s deep-rooted experience in regulatory compliance positioned him to recognize early on that scaling these partnerships would require a modern, automated approach to compliance. His focus: to maintain regulatory oversight without exponentially increasing workload as fintech partnerships grew.
Before Cable, GHB’s compliance team handled partner compliance monitoring manually. This approach required considerable time and resources, a model that would quickly become unsustainable as the bank expanded. “The previous monitoring program was a manual effort. The more fintech programs you have, the more bodies it requires, and the more time goes into monitoring,” Chris noted. This led GHB to search for a solution that would reduce administrative overhead while maintaining high standards of compliance oversight.
GHB partnered with Cable to automate BSA/AML testing—a decision driven by the need to streamline compliance efforts as they prepared for growth in fintech partnerships. Cable’s solution enhanced the efficiency and scalability of the compliance framework already built into the core of GHB’s BaaS program, providing a proactive approach by embedding compliance seamlessly into its foundation.
By making compliance an integral part of onboarding, GHB has been able to streamline operations and set clear expectations for fintech partners from day one. This foresight enabled GHB to scale partnerships confidently, ensuring compliance requirements were effectively incorporated into each new integration.
Chris noted, “Cable was brought in early in our business, when we didn’t have extensive monitoring and testing already in place. We’re now able to realize efficiencies that match our growth.” This strategic timing bolstered GHB trajectory for success, allowing automated compliance to expand alongside their growing fintech portfolio.
Since implementing Cable, GHB has seen improvements in compliance efficiency and risk management. Key results include:
Grasshopper Bank’s partnership with Cable shows how automating compliance testing can empower banks to scale responsibly while increasing efficiency and regulatory confidence. With Cable, GHB’s has transformed their compliance operations, ensuring they can grow their BaaS partnerships without compromising on regulatory rigor. For compliance officers, GHB’s experience underscores the value of adopting modern compliance tools to meet today’s demands.
Ready to automate your compliance testing like Grasshopper Bank? Talk to us today to see how Cable can help you save time, improve oversight, and scale your compliance with confidence.
