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Welcome to the inaugural issue of Ascent’s Compliance Insider newsletter, your monthly go-to source for staying informed about the ever-evolving world of regulatory compliance. In this issue, we are excited to share a wealth of valuable information, from the latest updates on rule amendments to expert guidance on achieving compliance excellence. As always, we invite you to connect with Ascent to learn more about compliance automation and how it can transform your regulatory compliance journey.

Here’s what we covered in this month’s newsletter:


A Deep Dive into AI-Driven Compliance

We are thrilled to share an in-depth analyst report on Ascent’s compliance automation software. GRC 20/20, a renowned compliance analyst, has just published a comprehensive assessment of our solution. If you want to explore the full potential of the Ascent platform, from building an obligations inventory to efficiently managing regulatory changes, we encourage you to access the report by clicking [here](link-to-analyst-report).


Master the “Pillars of Strong Compliance”

In our latest blog series, “Compliance-Pillars,” we delve into what defines a superior compliance program. This three-part series provides insights into the essential pillars of a robust compliance program. In part one, we discuss the importance of defining your corporate legal entities, identifying associated products, and understanding the applicable regulations that govern them. To gain a deeper understanding, read the article [here](link-to-blog-article).


Ascent’s Partnership with Diligent

We are excited to announce our recent partnership with Diligent, a leading GRC SaaS provider. This collaboration will empower Diligent customers to efficiently map compliance obligations to internal controls, policies, and procedures. Learn more about this partnership by clicking [here](link-to-partnership-details).


Regulatory Roundup

Our “Regulatory Roundup” section features a monthly compilation of the latest news, regulations, and enforcement actions in the financial services industry. Here are some highlights from this month:

1. Emerging Enforcers: State regulators are increasingly taking a tougher stance than federal regulators. It’s essential for your organization to understand the requirements across multiple jurisdictions to ensure compliance with evolving standards and expectations.

2. Exam Priorities: The Office of the Comptroller of the Currency (OCC) has released its 2024 exam priorities. For banks, this is a critical reminder to review and align their operations with these priorities to maintain regulatory compliance. Now is the time to ensure that your organization is prepared for upcoming examinations.


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