We’re pleased to announce that BankProv has selected Cable to deploy advanced automated financial crime assurance and testing capabilities in its compliance program.
BankProv is a future-ready commercial bank that offers a comprehensive suite of banking products for corporate clients. As a premier Banking-as-a-Service (BaaS) provider specializing in technology-driven banking solutions to niche markets, the Bank seeks to build financially strong and vibrant communities by investing in the success of their clients through understanding and solving their unique business needs.
BankProv will integrate Cable’s financial crime effectiveness testing platform to further strengthen its commitment to regulatory compliance and dedication to leveraging the power of technology in the fight to reduce financial crime.
"We believe Cable’s methodical and innovative approach to effectiveness testing complements our focus on delivering technology-driven banking solutions that create financially strong businesses and communities.” - Jeanine Jakubauskas, Chief Risk Officer at BankProv
Jeanine Jakubauskas, Chief Risk Officer at BankProv, said, “Compliance is a high priority at BankProv, and given the increasingly complex financial crime landscape coupled with new regulations, we’ve taken proactive measures to test financial crime control effectiveness...we believe Cable’s methodical and innovative approach to effectiveness testing complements our focus on delivering technology-driven banking solutions that create financially strong businesses and communities.”
Cable’s all-in-one financial crime effectiveness testing platform gives banks, fintechs, and crypto firms more confidence in their financial crime regulatory compliance with a purpose-built suite of tools, including automated risk assessments, automated assurance, quality assurance, management information, reporting, and more.
"Financial crime driven by sophisticated criminals has become more prevalent than ever before. This environment has put regulatory compliance and effective controls front and center in regulators' minds,” said Natasha Vernier, CEO at Cable. “We’re proud to partner with BankProv to support their efforts and ultimately extend our mission to reduce financial crime through an innovative, data-driven approach.”