Automated Assurance: The Future of FinTech Risk Management and Financial Crime Compliance?

Key Takeaways

• Cable is a leading London-based startup specialising in automated financial crime assurance.
• The automated assurance technology allows constant monitoring of security controls, alerting users of any breaches in real time.
• Cable differentiates itself by offering a higher standard of financial risk management procedures.
• With increasing financial crime, automated assurance has a promising future in the FinTech sector.

Financial technology has revolutionised all aspects of the finance industry. London-based startup, Cable, is set to redefine the standards once again, leading the evolution in financial crime compliance. The company provides an automated assurance platform that enables continuous portfolio oversight, strengthening risk management, and financial crime compliance procedures.

Founded by Katie Savitz and Natasha Vernier, Cable is ­positioned to mitigate and control the risks of financial crime. The company achieves this by independently testing and maintaining complete surveillance of all controls all the time. They alert stakeholders about financial crime breaches as soon as they happen, enabling clients to respond immediately to potential crises.

What makes Cable distinct in the burgeoning FinTech market is their multifaceted approach to financial risk management. They are not just another transaction tracking or fraud detecting platform. Rather, they create a comprehensive, proactive surveillance system that identifies breaches in real time and helps organisations stay one step ahead in their fight against financial crime.

The fact that their system is automated and offers 100% coverage is the differentiator. This is an essential aspect of modern risk management processes, often associated with manual, time-consuming activities. By applying technology to automate the entire system, Cable has changed the way businesses approach the assurance process, thereby revolutionising financial crime compliance.

The finance industry, especially its digital and FinTech sectors, are susceptible to an ever-growing range of financial crimes. As such, companies like Cable, providing rigorous and consistent monitoring services, are crucial for the future of this industry. Their innovative technology is set to set the standard and become the norm in risk management and compliance across the digital finance world.

With their unique offering, Cable is making a significant mark in FinTech and paving the way for the future of risk management and compliance within this industry. Learn more about Cable and its services on their website, or follow them on Twitter and LinkedIn.