Demo Summary
In this video, you’ll see Ascent, a tool that helps compliance teams keep up with banking rules. They start by showing how hard it is to read 28 million words of laws and find 110,000 rules. Then they demo two main steps: a simple quiz that builds a list of the rules your company must follow, and a rule-change checker that finds new, unchanged, or dropped rules with quick side-by-side views. You’ll learn how to assign tasks, add notes and files, and keep everything up to date. It saves time and lowers risk.
AI-Detected Features
Webinar Welcome & PurposeHosts introduce the new webinar series, explain its goals to share industry insights and foster collaboration among compliance professionals.
00:00
Agenda & IntroductionsOverview of today’s agenda—current state, demo, Q&A—and introductions of hosts Dominic and Hunter, who share their backgrounds and session focus.
01:18
Interactive PollAttendees participate in a live poll on the significance of the number 28,300,000, setting an engaging tone for the session.
02:36
Poll Results & ContextReveal that 28.3 million is the total word count of U.S. banking regulations, highlighting the scale of compliance reading required.
03:32
Current Compliance ChallengesDiscuss the complexity of modern compliance: mapping regulations to products, building obligation inventories, audits, scenario planning, and siloed efforts.
06:00
Benefits of AI & AutomationExplain how AI and automation reduce risk, improve efficiency, lower costs, and enhance accuracy in managing compliance tasks.
08:00
Key Compliance BottlenecksIdentify two main pain points: creating and mapping obligation inventories and managing overwhelming regulatory changes effectively.
09:00
Demo OverviewIntroduction to the Ascent platform demo, showcasing how AI transforms static regulatory text into actionable, structured data.
11:29
Building Obligation InventoryStep-by-step use of the Impact Questionnaire to create a tailored library of obligations based on chosen regulators, products, and services.
13:00
Managing Obligations in AscentWalkthrough of reviewing obligations: filtering, viewing details, assigning tasks, adding comments, and attaching policy documents within Ascent.
16:30
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.Learn more about Ascent RegTech
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