Natasha Vernier
Jun 18, 2024

Scaling Success: How Meow Streamlined Compliance and Strengthened its Bank Partnership with Cable’s Automated Assurance

FOunded

2021

assets

+$1B

Client base

+1000

Meow is a business banking fintech founded by CEO Brandon Arvanaghi and CTO Bryce Crawford in 2021. Meow is known for offering high-interest business checking accounts through its partner banks and passing back the majority of the interest to its customers. Meow Technologies has over $1 billion in assets on the platform, serving an extensive client base of over 1000 businesses.

Meow insists on maintaining a rigorous compliance program in partnership with its bank partners, as Meow believes compliance is a moat. According to Meow, ensuring accurate and compliant processes is crucial for the long-term success of any fintech.

Cable's Solution: Meow leverages Cable’s Automated Assurance product and was able to integrate in less than 8 weeks.

Implementation and Results

INTEGRATION TIME

<8 Weeks

KYC COVERAGE

100%

CDD COVERAGE

100%

GROWTH SUPPORT

10X increase*

*In monthly business application

Advanced Monitoring Capabilities: Cable's Automated Assurance product helps fintechs like Meow have even more confidence in their program through Cable’s 100% coverage across both the CDD and KYB areas of the financial crime framework.

Strengthened Partnership: Meow continues to strengthen its partnerships with its bank partner as a result of this enhanced visibility in their program.

Ability to Handle Scale: Meow is adding 10x the number of monthly business applications than they did a year ago, which Cable can help support without issue.

Ease of Use: Meow’s Compliance and Operations team members have added additional workflows around Cable because of its ease of use.

“Compliance is a moat, both in the medium and long term. We proactively take advantage of tools that can help us strengthen our programs. The Cable team has been great to work with.”

Brandon Arvanaghi

CEO of Meow

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