A recent article in the New York Law Journal delineated the distinctive challenges lawyers face when confronted with FINRA Enforcement proceedings. While on the surface, FINRA enforcement actions may seem…
2020 has witnessed global markets plunging into chaos and economic forecasts turning drastically uncertain. As firms prepare for whatever the rest of the year might hold, many will be looking…
At Ascent, we use cutting-edge AI technologies to de-complicate financial regulation, making it easier for companies everywhere to comply. We’ve built our company around tackling one of the most intractable…
(5 min read) How can one calculate the cost of compliance? One option, perhaps the most straightforward, is to look at the grand sum total for the industry. $270 billion…
Please note: The global coronavirus pandemic has resulted in the cancellation of nearly all events and conferences in Spring and Summer 2020. We will be updating this list as we…
Watch The Webinar About the Webinar Watch our recent webinar, produced in partnership with Capco, to hear Peter Dugas, executive director at Capco, and Brian Clark, founder and CEO at…
READ ARTICLE: Creating Regulatory Knowledge Enjoy this article? Subscribe to receive helpful content designed to help you win at compliance. In these unstable market conditions, the work of Risk and…
(6 min read) As the global health pandemic has swept across the country (and the world), business after business has locked up its office space and moved employees to working…
An automation solution that’s not adequately aligned with your business needs or not properly developed can, sometimes, do more harm than good. Technology is often touted as a panacea for…
Every day in the world of regulatory compliance, humans create knowledge out of data. Risk and Compliance teams scan the regulatory horizon, gathering information relevant to their industry. Compliance analysts…
Companies are now being asked to do more with the same — or reduced — headcount. Technology provides the only viable way to do so. By Craig Novack, Account Executive…
Ascent teamed up with The RegTech Association for a joint Ascent Open House and #RegTechOpen4Business event! In this video, Ascent Founder & CEO Brian Clark presents on “In the Midst…
“Helping customers successfully navigate their regulatory requirements in an uncertain world has never been more important, and the addition of our new regulatory monitoring solution better positions us to do…
Wondering how your financial peers are leveraging technology solutions — and whether or not they’re finding any success? For this fireside chat as part of our Virtual Open House, Jeff…
Step 1: Identify Your Essentials Separate your Must-Haves from your Nice-to-Haves so that, when forced to make cuts, you don’t undermine the fundamental and functional parts of your business. Step…
We live in an age of big data — a fact that, for many companies, is as much of a boon as it is a challenge. For this fireside chat…
How, when working with data sets that are too large to be manually checked, can we have confidence in the data we’re producing? As part of our Virtual Open House,…
As part of our Virtual Open House, we talked to Craig Novack in our fireside chat “Digital Transformation in Financial Services: How to Make it Work for You,” to discuss…
As part of our Virtual Open House, Carrie Pinkham (VP People), Sarah Samuels Taylor (Chief of Staff), and Chris Doyle (CTO) discuss “The Shortest Commute Ever: How to Set Up…
As part of our Virtual Open House, Maria Phillips, Implementation, discusses “The Evolution of Regulation” across market cycles — including our recent long bull market as well as the looming…
To kick off our Open House, we had Ascent Founder & CEO Brian Clark discuss “Thinking Machines: Why Ethical AI Matters in Tumultuous Times.” Check out the full talk above…
In the midst of these unprecedented times, one thing seems certain: one of the longest bull markets on record is now over. We are in the midst of unprecedented times,…
“We’re honored to be included among the many top companies across the FinTech industry to be selected for this year’s FinTech Breakthrough Awards.” —Brian Clark, Founder and CEO, Ascent Ascent,…
How do we have confidence when working with data sets that are too large for us to manually check everything? By Spencer Allee, VP Data Science We live in an…
As a new technology, RegTech often gives rise to a host of questions — everything from “what is it?” to “how does it work?” to “how will it affect me?”…
(7 min read) Regulatory technology — or, RegTech — is in the midst of a full-blown revolution, overhauling how financial service firms handle regulatory compliance. Asset managers are automating laborious…
Risk and Compliance teams are burdened with an increasingly impossible problem to solve. They have to keep their policies and procedures up to date on the latest regulations and requirements,…
(7 min read) Regulatory complexity has exploded in the dozen years since the Global Financial Crisis. Massive new regulations, from Dodd-Frank to EMIR to MiFID II, have been brought down…
(5 min read) For any given trade, asset managers risk higher non-compliance fines for the regulations they know about, and also risk not knowing about all of the regulations that…
(7 min read) If data is money, it’s often left sitting out in the open. Ascent founder and CEO Brian Clark has a hypothetical question he often likes to ask…
(6 min read) If open banking lives up to its promise, it could revolutionize modern banking and simultaneously usher in waves of new regulation. Digital disruption is burning through almost…
“It is absolutely mission critical that Australian financial institutions pay close attention to their obligations under ASIC and APRA, and Ascent’s AI-driven approach can play a key role in protecting…
“We are pleased to be recognized by Built In Chicago and included among such a prestigious group of local companies.” —Brian Clark, Founder & CEO, Ascent Ascent, an AI-driven solution…
(7 min read) “RegTech is no longer just for early adopters. We’re starting to see the actual, tangible benefit these technologies can provide.” -Brian Clark, CEO, Ascent 2020 is set…
(5 min read) With the right vetting process, it is absolutely possible for you to have confidence in the technological tools you choose to adopt You’ve just been shown a…
(4 min read) The RegTech industry has seen explosive growth in the past few years, and it’s not expected to slow down anytime soon. As the capabilities of technology catch…
(4 min read) Imagine an alien species flew down through our atmosphere and landed on your front porch. They explain that they have a perfect understanding of our language but…
“This is a fantastic honor and we’re especially excited to be making a repeat appearance on this list.” —Jeff Heine, Chief Revenue Officer, Ascent Ascent, an AI-driven solution that helps…
“We’re excited to advance Ascent’s mission to reduce the cost of compliance and protect the rule of law.” —Brian Clark, Founder and CEO, Ascent Ascent, an AI-driven solution that helps…
Three new U.K. Regulators are now supported in Ascent’s compliance management platform: the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and London Clearing House (LCH), specifically LCH SA &…
“We are honored by [the Council’s] commitment to help Ascent grow and advance its mission of becoming the world’s leading RegTech provider of compliance automation solutions.” —Brian Clark, Founder &…
“The entire industry takes its cues from the regulators. Therefore, we know with certainty that digitalization is not a trend, but a permanent paradigm shift that every firm will need…
Ascent announced today that its platform now includes the European Market Infrastructure Regulation (EMIR). EMIR affects businesses in the EU and is directed at over-the-counter (OTC) derivatives markets, central counterparties…
Public confusion about the different roles that Broker-Dealers and Investment Advisors play prompted the Securities and Exchange Commission (SEC) to issue an Interpretive Release outlining The Standard of Conduct for…
Wealth management, like every sector of the financial industry, has come in for its share of regulatory attention in recent years. Whereas the challenge of leveraging “big data” to find…
As advances in technology give rise to new ways of approaching age-old problems, a new term has begun to surface, one that will no doubt dominate the global dialogue around…
(6 min read) Deciding whether or not to adopt a new platform can be stressful. Too often, businesses make the transition but are unable to successfully implement the tool to…
(2 min read) In 2018, the Banking Executive Accountability Regime (BEAR) amended the treasury laws in Australia to make senior executives of authorized deposit-taking institutions (ADIs) accountable for bank activities. It…
(5 min read) The SEC’s Office of Compliance Inspections and Examinations (OCIE) published its 2019 Examination Priorities in late 2018. Threats from cybersecurity continue to alarm and frustrate businesses…
(5 min read) When it comes to risk, most of us would rather be fire marshals than firefighters; that is, battling a raging inferno is far less preferable to…
(4 min read) When you were very young, your first words may have been “mama” or “dada.” In school, you grew your vocabulary and learned how words relate to each…
Regulatory change management continues to be a top challenge for financial institutions. Rule changes have increased by 500 percent in the last decade and it is estimated that 300 million…
(7 min read) As a leader of a critical business function, you’re always curious to find out how your peer firms are faring in the current environment. That’s not just…
(8 min read) “The relationship between human intelligence and artificial intelligence will necessarily be one of symbiosis. The challenge and potential of exploring this co-evolutionary future is the biggest story…
(2 min read) Ascent was one of eight firms selected by the Global Financial Innovation Network (GFIN) to move forward in the testing plan phase of a cross-border pilot. GFIN is a…
(8 min read) It doesn’t matter if you hear it from a doctor, a teacher, or a financial regulator, the word “exam” is rarely something to look forward to. Whatever…
(11 min read) Business leaders – especially corporate CCOs – face a shifting and unpredictable morass of statutory and regulatory guidelines that threaten personal liability for corporate misdeeds. Corporate misdeeds…
Ascent RegTech announced today the expansion of its executive team with the hiring of Arbela Takhsh as Chief Operating Officer. During her over 20 years of experience leading business operations…
In 2017, 32 year-old Alex Honnold made history as the first and only person to free solo Yosemite’s El Capitan. His ascent up the 3,000 foot granite monolith without rope,…
Contributors: Brian Clark and Paul Butler Managing regulatory risk may be business as usual, but the stakes continue to rise. Few things ramp up pressure on compliance officers more than industry…
Understandably, CCOs worry about being held personally responsible for compliance failures. That is, in fact, exactly what legislators and regulators intended by creating rules subjecting CCOs to personal liability for…
The role of the compliance officer is rapidly evolving — are you? We teamed up with financial services consulting firm Catalyst to explore this topic. Commercial partner Blythe Barber, having worked…
The rise of AI is to knowledge work what assembly lines were to manufacturing work. The usage of this technology across industries is radically reshaping how work is accomplished, turning…
The 24th Annual ADM Investor Services Conference in Chicago earlier this month hosted a top-tier group of introducing brokers and FCMs. Our team at Ascent walked away with three key…
Major cryptocurrencies like bitcoin and ether represent a class of financial instrument that is here to stay. But, for the time being these digital mediums of exchange also have a…
Regulatory compliance programs cost financial firms billions of dollars annually. Much of this cost is a result of the exhaustive amount of time required…
GDPR, the EU’s personal data protection and privacy regulatory ruleset for companies around the world became active in May of 2018. A Forrester report showed that just four months before…
Friction between your compliance departments and the rest of your business often stem from a fundamental misunderstanding of the overall function of compliance. While the business as a whole may…
PRESS RELEASE Ascent announced today that it has formalized an ongoing collaboration with the Financial Conduct Authority (FCA) with the purpose of componentizing the FCA Handbook. These efforts will help…
ING and Commonwealth Bank of Australia (CBA) have successfully completed a RegTech pilot to simplify processing of information and implementation of regulation using the Markets in Financial Instruments Directive II (MiFID…
