Exciting news! Ascent has been shortlisted for the 2024 RegTech Insight Awards in the "Best Regulatory Change Management Solution" category! 🏆 Now, we need your support to secure the win. We're reaching out to our industry peers, customers, and the entire Ascent community—your vote can make all the difference! Voting is open until September 13! Vote here: https://hubs.la/Q02MMxk90 #RTIawards #regtech #RegulatoryCompliance RegTech Insight, from A-Team Group
Ascent
Software Development
Chicago, Illinois 4,490 followers
Regulatory Lifecycle Management for Financial Services
About us
Ascent RLM is the first integrated global regulatory lifecycle management platform for financial services. Ascent is the only automated solution that covers the full regulatory lifecycle, integrating horizon scanning with a granular regulatory obligations inventory tailored to your business. Across the spectrum of regulatory activities, Ascent's regulatory lifecycle management platform delivers actionable insights with unparalleled efficiency enabled by AI-driven automation. From identifying early signs of regulatory developments, to new guidance and enforcement activity, right through rule adoptions and ongoing rule amendments, Ascent provides the information and tools you need to reduce compliance risk, drive efficiency, and reduce costs.
- Website
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http://www.AscentRegTech.com
External link for Ascent
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- Chicago, Illinois
- Type
- Privately Held
- Founded
- 2015
- Specialties
- Derivatives Compliance Solutions, Extensive Knowledge of the Compliance and Regulatory Landscape, Compliance Management Systems, Compliance Platforms, Regtech, Fintech, and Regulatory Compliance
Products
Ascent
Governance, Risk Management, and Compliance (GRC) Software
Across the spectrum of regulatory activities, Ascent's regulatory lifecycle management platform delivers actionable insights with unparalleled efficiency enabled by AI-driven automation. From identifying early signs of regulatory developments, to new guidance and enforcement activity, right through rule adoptions and ongoing rule amendments, Ascent provides the information and tools you need to reduce compliance risk, drive efficiency, and reduce costs. - Global Horizon Scanning driven by your obligations inventory. - Automated Regulatory Mapping to create an automated inventory of your company's regulatory obligations. - Policy and Controls Mapping connects your obligations inventory to your organization's GRC tool or compliance environment. - Regulatory Change Management Automation empowers risk, compliance and legal teams to take action immediately on new and upcoming obligations.
Locations
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Primary
180 N Stetson Ave
Chicago, Illinois 60601, US
Employees at Ascent
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Frederic Hofmann
Co-Head - ING Ventures
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Scott Goebel
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Steve Myers
Sr Account Executive at Ascent Technologies. Our AI technology tracks your regulatory obligations, keeping you informed about changes as they happen.…
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Chris Doyle
Early-Stage Executive | Machine Learning, Process Automation, Architecture | Angel Investor, Startup Mentor, Speaker | Visionary Technical Leader…
Updates
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Did you know the average financial firm juggles six lines of business, each with its own goals, restrictions, and regulatory requirements? As the tide of regulations rises, many firms find themselves pouring more people, time, and resources into staying compliant. But the costs – both of compliance and non-compliance – are adding up fast. In this blog, we dive into the escalating costs and challenges financial firms face in today's regulatory landscape: https://hubs.la/Q02MMCrY0 #RegulatoryCompliance #FinancialServices #RegTech
The Not So Hidden Costs of Compliance
https://www.ascentregtech.com
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Ascent reposted this
Navigating the ever-changing landscape of financial regulations is challenging. Traditional methods of regulatory change management are often manual, slow, and resource-intensive, struggling to keep pace with the constant evolution of regulations. According to a recent whitepaper by Ascent, the complexity of these processes, combined with fragmented manual operations, creates gaps and hidden risks that expand as policies and controls are updated. Read more here: https://lnkd.in/e-XMYRjm Robb Verna
How AI is revolutionising RegTech and compliance automation
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We've rounded up this month's regulatory compliance headlines! From artificial intelligence to new and proposed banking regulations, get up to speed on what could be impacting your organization's compliance operations. Read the roundup here: https://hubs.la/Q02Mn8CV0
Regulatory Roundup: August 2024
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Navigating the ever-changing landscape of financial regulations is a challenge. Traditional regulatory change management—manual, slow, and resource-intensive—struggles to keep up. This complexity and fragmented processes create hidden risks that only grow as policies evolve. It's time to rethink how we manage change. Check out Ascent's latest blog post to learn how to transform your regulatory compliance lifecycle with AI: https://hubs.la/Q02MfK7m0 #FinancialRegulations #RiskManagement #RegulatoryCompliance
Transform your regulatory compliance lifecycle with AI
https://www.ascentregtech.com
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Ascent is excited to be exhibiting at the #GlobalRegTechSummit hosted by FinTech Global in NYC on September 24th! The Ascent team will be there to showcase our Ascent RLM Platform, designed to revolutionize regulatory lifecycle management with AI-powered horizon scanning and change management automation. Visit our booth or book a meeting here: https://bit.ly/4dyhVay #GRTSUS24 #RegulatoryCompliance #RiskManagement
Ascent at Global RegTech Summit USA
https://www.ascentregtech.com
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Ascent has been shortlisted for the 2024 RegTech Insight Awards, and we're thrilled to be in the running for "Best Regulatory Change Management Solution"! 🏆 Now, we need your help to take home the win. We're calling on our industry peers, customers, and the entire Ascent community to cast your votes and make your voices heard. Your support means the world to us! Voting closes on September 13, so don't miss out! Place your vote here: https://bit.ly/3AzPiuW #RTIawards #regtech #RegulatoryCompliance RegTech Insight, from A-Team Group
RegTech Insight Awards USA 2024 - Vote For Your Winner
surveymonkey.com
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Looking forward to FinTech Global's #GlobalRegTech Summit in NYC on September 24th! The Ascent team will be onsite showcasing our revolutionary Ascent RLM Platform that delivers industry leading horizon scanning and AI-powered change management automation that gives you control of your regulatory lifecycle with enterprise scale. Stop by our booth or schedule a meeting here: https://bit.ly/4fJAgTE #GRTSUS24 #RegulatoryCompliance
Global RegTech Summit USA - Global RegTech Summit USA
https://www.ascentregtech.com
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Ascent reposted this
💡 See the latest innovation in compliance, risk management and financial crime prevention💡 Once again the Global RegTech Summit USA in New York will showcase the most disruptive businesses in the #RegTech space. We are excited to welcome the latest set of companies presenting their solutions at the event! 📧 If you want to present, speak or exhibit at the Summit get in touch at [email protected] IBM Karthick Soundararajan Behavox Melinda Luna Ascent Robb Verna COMPLY Shirley Chan CUBE Gabriella Morrocu Smarsh Fiona Abiola-Musa LSEG (London Stock Exchange Group) CeCe Kleidara Movius Daniel Calantoni Comply Exchange Ltd David Marley Red Marker Rose H. Red Oak Compliance Solutions Amy Watson EquiLend CJ Emson Eisen Allen Osgood #GRTSUS24
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Great insights here from RegTech Analyst and Grant Thornton (US) on challenges facing financial institutions trying to navigate the evolving regulatory landscape. No surprise that regulatory interpretation and impact assessment sits at the top of the list. The complex and relentless tidal wave of regulatory change coupled with the manual impact assessment processes that many firms have adds risk, creates bottlenecks, and makes end-to-end traceability extremely difficult. But change management powered by intelligent automation can transform today’s arduous and risk-filled processes into high performing enterprise operations.
Weekly research from RegTech Analyst Regulatory interpretation and impact assessment top concern for RegTech buyers in 2024 In early 2024, Grant Thornton (US) published their comprehensive RegTech and Regulatory Change Report for 2024, offering an in-depth analysis of how financial institutions are navigating the evolving regulatory landscape. The study surveyed 130 organizations, encompassing a diverse range of small to large companies within the capital markets, banking, insurance, and investment management sectors. The report sheds light on the strategies and technologies these firms are employing to manage regulatory change, highlighting the critical role of RegTech solutions in enhancing compliance, efficiency, and risk management amidst a dynamic regulatory environment. This survey provides valuable insights into the areas where organisations are facing the biggest challenges when it comes to the regulatory environment. 13% of them found that regulatory interpretation and impact assessment as the biggest challenge. With regulatory reporting, ESG, cyber security, governance risk and compliance, horizon scanning being 7% each. The information highlights to RegTech companies the areas that they should concentrate on. RegTech firms are focusing on integrated solutions that combine multiple functionalities to address the diverse needs of their clients. Solutions that offer comprehensive governance risk and compliance management, ESG reporting, and cyber security measures are becoming increasingly popular. These platforms not only automate routine tasks but also provide valuable insights through advanced analytics, helping organizations to proactively manage risks and make informed decisions. By staying ahead of regulatory changes and anticipating future requirements, RegTech companies are empowering their clients to navigate the regulatory environment more effectively and with greater confidence. With the continuous evolution of regulatory demands, the role of RegTech solutions in ensuring compliance and operational efficiency is set to become even more critical.
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