Ascent RegTech
Ascent RegTech is the first integrated, global regulatory lifecycle management platform for financial services that automates expensive, manual work while mitigating compliance risk.About:
Ascent RegTech provides a comprehensive regulatory compliance management solution that streamlines and automates the entire regulatory lifecycle for financial institutions. Companies use Ascent to navigate complex regulatory environments, reduce manual efforts, and ensure compliance with ever-changing regulations. The platform leverages AI and machine learning to extract individual obligations from regulatory text, create tailored inventories of regulatory requirements, and automate change management processes. With features like horizon scanning, rule comparison, and policy mapping, Ascent empowers legal, risk, and compliance teams to work more efficiently, reduce costs, and maintain a defensible compliance posture.
Best fit for:
Employee Count: 500-10,000+
Location: Global, with a focus on North America and Europe
Industries: Financial Services, Banking, Consulting, Mortgage, FinTech
Job Titles: Chief Compliance Officer, Head of Regulatory Affairs, VP of Risk Management, Director of Legal Operations, Chief Technology Officer
Key Features:
- Horizon Scanning: Provides a consolidated view of global regulatory changes impacting your business.
- Obligations Inventory: Automatically generates a digital register of your firm's regulatory obligations.
- Rule Compare: Offers side-by-side comparison of new and former versions of rules with redlined changes.
- Scenario Planning: Identifies compliance obligations for potential acquisitions or expansions.
- Audit Trail: Tracks all compliance activities for comprehensive reporting and auditing.
- Policy & Controls Mapping: Connects obligations to internal policies and procedures within GRC tools.
Company Summary
Ascent RegTech is a company that helps businesses, especially in the financial sector, follow rules and regulations by using smart computer programs. Their tools automatically keep track of changes in laws and make sure companies stay compliant.
Price Estimate
Ascent RegTech offers custom pricing based on the size and specific needs of a company. For detailed pricing information, it’s best to contact their sales team directly. (wavel.io)
Who is Ascent RegTech for?
Ascent RegTech is designed for:
- Company Size: Medium to large businesses, typically with 100 to over 5,000 employees.
- Job Titles: Compliance Officers, Risk Managers, Legal Counsel, Regulatory Affairs Specialists, and Chief Compliance Officers.
- Industries: Primarily serves financial institutions such as banks, investment firms, credit unions, mortgage lenders, and fintech companies.
Features, Functionalities, and Benefits
- Obligations Inventory: Creates a digital list of all the rules a company needs to follow and keeps it updated automatically. (wavel.io)
- Rule Compare: Shows side-by-side comparisons of rules, highlighting any changes to help understand updates quickly. (wavel.io)
- Horizon Scanning: Monitors global regulatory developments and delivers targeted updates relevant to the business. (wavel.io)
- Integration with GRC Tools: Connects smoothly with existing Governance, Risk, and Compliance systems to streamline processes.
Use Cases
Companies use Ascent RegTech for:
- Regulatory Change Management: Keeping track of and implementing new rules and regulations across different regions.
- Compliance Monitoring: Maintaining up-to-date lists of obligations to ensure ongoing compliance.
- Risk Assessment: Evaluating how new regulations might impact business operations. (wavel.io)
Who Are Their Best Customers?
Ascent RegTech has worked with notable financial institutions like ING and Commonwealth Bank of Australia. For example, ING and CommBank used Ascent to generate their obligations for a European regulation (MiFID/MiFID II) in 2.5 minutes, compared to 1,800 hours when done manually. (ascentregtech.com)
What Makes Ascent RegTech Different?
Ascent RegTech stands out by using artificial intelligence to automate the complex process of regulatory compliance. This approach reduces manual work, minimizes risks, and helps companies respond quickly to regulatory changes.
Legal Info:
- Privacy Policy:
- Terms of Service:
Interactive Demos (0)
Useful Links & Resources
Related companies