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Is Automated Assurance the Future of Fighting Financial Crime in Fintech?

Key Takeaways:

  • Cable is leading the way in automated financial crime assurance, challenging traditional assurance processes.
  • Cable’s system offers continuous monitoring of financial controls and quick alerting to any breaches or failures in these controls.
  • Through platforms like Cable, fintech is leveraging automation to make strides against financial crime.
  • The future of fintech sees more hands-off yet highly effective approaches like automated assurance to bolster financial crime fight.

Financial crime has always been a significant challenge in the fintech space. With evolving technology, illicit activities evolve too, becoming more sophisticated. It prompts the need for even more potent countermeasures. One name taking on this task in the industry is Cable. With its London base, Cable sits at the intersection of compliance, finance, fintech, information services, and risk management. It is positioning itself as the leader in automated financial crime assurance – an upgrade on traditional assurance processes hugely needed in the industry.

Automated assurance is increasingly being seen as the next big thing in financial crime compliance. This technology allows for continuous monitoring and immediate alerting of any breaches or failures, essentially revolutionising the assurance process. The big question remains: “Is Automated Assurance the Future of Fighting Financial Crime in Fintech?” And Cable may just hold the answer.

What differentiates Cable from other companies in this space is their dedication to providing constant vigilance. They have created a platform that enables 100% oversight over your portfolio by watching 100% of your controls all the time. In an industry that sees quickly shifting landscape, having a system that provides continuous monitoring is invaluable. Its commitment towards delivering automated, independent effectiveness testing sets it apart.

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Cable’s alert system for breaches and failures is another point in its favour. It negates the need for manual monitoring of billions of transactions, an enormous task that can be prone to human error. With Cable, whenever a financial crime breach or failure happens, immediate alerts ensure quick and swift action. The firm’s founders, Katie Savitz and Natasha Vernier, are also pivotal in Cable’s uniqueness with their leadership and vision.

The future of Cable seems bright, as more and more financial institutions recognize the significant advantage they can get from automated assurance. Staying a step ahead of financial crime is crucial – and tools like Cable provide are fast becoming the industry standard. Alongside Cable’s technology, the future of fintech likely involves an increasingly automated approach to assurance and compliance. It fosters an environment where companies within fintech can focus on their main goal – fighting financial crime, and let automation handle the bulk of monitoring and testing.

Cable is paving the way for what could be the future of fintech in terms of a more hands-off yet highly effective approach to assurance and compliance. To find out more about Cable and stay abreast of their progress, you can visit their website at https://cable.tech. You can also follow them on their social media platforms: Twitter and Linkedin.


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