“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…
Ascent TeamJanuary 15, 2020
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…
Ascent TeamMay 8, 2019
(2 min read) Ascent RegTech announced today that its cloud-based platform now supports the regulators required by federally-regulated banks and other financial firms, bundled for simpler purchasing and implementation. Ascent’s…
Ascent TeamApril 29, 2019
We are excited to announce the release of seven new regulators into the Ascent platform: FFIEC (Federal Financial Institutions Examination Council) FRB (Federal Reserve Board), OFAC (Office of Foreign Assets…
Ascent TeamMarch 15, 2019
The cost to comply is rising. A 2018 study by CEI estimates that firms spend approximately $10,000 per employee on compliance. That means that larger institutions (i.e. global banks, large…
Ascent TeamMarch 11, 2019
Ascent RegTech announced today the launch of an enhanced product offering that automatically delivers regulatory updates targeted to the customer and, even more critically, that shows the customer how that update…
Ascent TeamMarch 4, 2019
Regulatory compliance programs cost financial firms billions of dollars annually. Much of this cost is a result of the exhaustive amount of time required…
Ascent TeamJanuary 20, 2019
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…
Ascent TeamJanuary 6, 2019
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…
Ascent TeamNovember 18, 2018