Skip to main content
Tag

announcement

Dec 06
Love0

Ascent Named to the Esteemed RegTech 100 List for the Fifth Year

By Blog

The RegTech100 list compiles the world’s most pioneering businesses in the regulatory technology market that are helping financial institutions deal with the most pressing compliance and risk management challenges.

 

Ascent is proud to be named to the 2023 RegTech100 list. This marks our fifth year on the list and it is an honor to be recognized amongst some of the most innovative companies in the regulatory tech ecosystem.

“It’s an honor to be named to this esteemed list for the fifth year. Ascent was built to give businesses greater confidence in their compliance operations, and this recognition is proof that we’re achieving our mission,” said Christopher Junker, CEO of Ascent. “It is because of our cutting-edge technology, dedicated team and strong partnerships, that Ascent continues to provide clarity in an industry that is filled with complexity and constant change.”

According to FinTech Global, this year’s selection process for the 100 most innovative RegTech companies covered the widest range of enterprises yet. A panel of analysts and industry experts reviewed a list of nearly 1,300 companies to identify the solutions that need to be on the radar screen of every financial institution in 2023.

A range of factors are considered by the Advisory Board and FinTech Global team to make the final selection including:

  • Industry significance of the problem being solved;
  • Growth, in terms of capital raised, revenue, customer traction;
  • Innovation of technology solution offered;
  • Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients;
  • How important is it for financial institutions to know about the company?

A full list of the RegTech100 and detailed information about each company is available to download for free here.

May 26
Love0
Ascent VComply Partnership

Press Release | Ascent RegTech & VComply Partnership

By Blog

Ascent RegTech & VComply Partner to Create Out-of-the-Box Compliance Solutions for Traditionally Underserved Market

 

Chicago IL (May 25, 2022) — Ascent, an AI-based solution that automatically generates and updates targeted regulatory compliance obligations for firms across the financial services industry, today announces a partnership with VComply, a leading cloud-based Governance, Risk Management & Compliance (GRC) platform that helps streamline organizations’ compliance and risk management programs. Empowering compliance teams within credit unions and banks to simplify the compliance lifecycle by operationalizing and automating complex data and workflows, Ascent and VComply together create an end-to-end solution for the traditionally underserved midmarket organizations.

VComply’s cloud platform enables organizations with out-of-the-box, fully customizable GRC applications requiring zero coding or infrastructure to strengthen risk and compliance management. The integration with Ascent’s AI-driven technology allows compliance teams to access relevant obligations while improving efficiency and transparency within the compliance management process.

“Our mission is to reduce the costs and complexities of compliance and help create a world that’s not restricted but empowered by the rule of law,” said Dominick Campagna, VP Sales of Ascent “Not only does VComply share in our vision to help regulated companies do the right thing and reduce error-prone compliance operations, but they’re also aligned with our desire to serve the underserved and enable compliance teams to become engines of growth within their organizations.”

Leveraging one of VComply’s unique out-of-the-box compliance solution in conjunction with Ascent’s highly targeted obligations and regulatory change management data allows users to more efficiently manage their compliance team’s organizational processes, tasks and action items right from a single platform for banks, credit unions, consumer lenders, mortgage services, Broker-Dealers, Investment Advisers, and Payment Processors

“Partnering with Ascent provides our clients with increased efficiency, collaborative capabilities, and transparency into business processes,” said Harshvardhan Kariwala, founder and CEO of VComply. “Ascent shares our ethos to simplify compliance and deliver it to the world. We strive not just to serve the Fortune 500, but the Fortune 500,000, to enable disruption and empower those in need of cost-efficient guidance with solutions to fuel growth.”

Learn more about partnering with Ascent.

 

About Ascent

Ascent invented Regulatory Knowledge Automation to fundamentally transform how businesses comply. Using AI, Ascent generates a complete set of regulatory obligations targeted to the customer and keeps them up-to-date automatically, finally creating a way for firms to reduce both risk and costs at the same time. This dynamic regulatory knowledge is available through our cloud-based platform or API. Learn more at http://www.ascentregtech.com.

About VComply

Based in Silicon Valley, VComply is an internationally acclaimed Governance, Risk & Compliance (GRC) management software-as-a-service platform that makes achieving corporate governance more streamlined and comprehensive. Based on the principle of EVASTM (Entrust, Verify, Analyze and Sustain), VComply enables companies to assign compliance responsibilities, and then categorize them under laws, certifications, audits or regulations & standards. Companies can then track their execution and monitor compliance status all from a central dashboard. Over 5,000 users across more than 100 countries currently leverage VComply’s GRC management platform to oversee compliance operations and establish a culture of good governance. VComply has a global presence with offices in California & multiple locations in India. Learn more about VComply at www.v-comply.com.

 

Interested in learning more? Contact us to request a demo or talk to our Sales team.

Subscribe below to get helpful articles and thought leadership that helps you stay at the forefront of compliance and technology.

Subscribe



Mar 24
Love0

Press Release | Ascent’s AI Supports Global Financial Regulations

By Blog

Ascent’s solution ensures global financial firms can comply better and more cost-effectively in light of increasing regulatory burden.

—

Chicago IL (March 24, 2021) — Ascent announced today that its AI-driven platform is now capable of supporting financial regulators around the world, providing a clear path for businesses trying to make sense of complex regulation.

“Ascent is a technology company that has productized regulatory knowledge. That means that customers don’t have to keep paying more for service engagements, because ultimately Ascent delivers regulatory knowledge as a product.” —Brian Clark, President and Founder

Ascent generates a complete set of obligations targeted to each customer, which automatically stays up-to-date with changing regulation. Ascent’s obligations are both targeted to the customer and granular i.e. the individual requirements imposed on the firm, not an entire rule or large block of text that must be further analyzed by compliance personnel. Ascent’s offering of targeted regulatory knowledge is unique in the market and is a groundbreaking new way for firms to keep up with regulation without increasing costs. 

“Ascent is a technology company that has productized regulatory knowledge,” said Brian Clark, President and Founder. “That means that customers don’t have to keep paying more for service engagements, because ultimately Ascent delivers regulatory knowledge as a product. Once a regulator is in our system, obligations can be accurately mapped to any customer within minutes.”

Ascent has no implementation fees, no hidden API or user fees, and no service costs. Unlike legacy compliance system implementations or more traditional service engagements, customers can get up and running on the Ascent platform within days. Customers can access their obligations directly on Ascent’s cloud-based platform or connect it to downstream workflows or internal documentation in a GRC or other compliance management system via API. 

“Business leaders have realized that compliance is a necessary cost to lowering their risk,” said CEO Jon Leitner. “But if approached properly with the right technology, they now are beginning to understand that they can lower their cost and risk at the same time, which is a significant competitive advantage.”

Ascent’s targeted regulatory knowledge is flexible and can be leveraged by customers in a number of ways including creating and maintaining an always-current obligations register or rule inventory, automating regulatory change management, evidencing compliance to the Board or regulators, remediation, and more. Now with the capability to support global regulators at the product level, Ascent helps financial institutions reduce their regulatory and reputational risks while lowering their overall cost to comply. 

For press or media inquiries, please email press@ascentregtech.com.  

 

Interested in learning more? Contact us to request a demo or talk to our Sales team.

 

Subscribe below to get helpful articles and thought leadership that helps you stay at the forefront of compliance and technology.

Subscribe



Jan 07
Love2

Ascent Named as One of Chicago’s Best Places to Work and Best Small Companies to Work for in 2021 by Built In

By Blog, Culture

Chicago IL (January 8, 2021) – Ascent, an AI-driven solution that helps financial services institutions automate regulatory compliance, today announced that it was named to Built In Chicago’s lists of Best Places to Work and Best Small Companies to Work for in 2021. Companies are selected based on data submitted by companies and their employees around compensation and benefits, culture, and growth opportunities.

Jon Leitner, Ascent CEO, commented, “We’re honored to once again be recognized as a top place to work in Chicago. The past year has been difficult for many, and as a team we’ve overcome many challenges. The key to each and every success has been the strength, resiliency and talent of our people. We’re committed to continuing to build a work environment that our employees are proud to be a part of.”

Carrie Pinkham, VP of People, added, “Though the past year of remote work has proven difficult  for many companies, there are incredible opportunities that arise from having a distributed workforce. As we continue to grow as a locally-known company, we are also excited about becoming a workplace leader far beyond the borders of Chicago. We’ll do that by conscientiously creating an inclusive environment that continually grows, challenges, and rewards our people.” 

Ascent is a first-mover in building RegulationAI™, a technology that helps compliance teams understand exactly what they need to do in order to remain compliant with complex financial regulation, thereby reducing risk, protecting firms’ reputations, and avoiding potentially crippling fines. 

“Our mission at Ascent is to create a world where companies don’t have to choose between spending massive amounts of money or not following the law,” commented Brian Clark, Founder and President. “By making it easier for businesses to comply, we free their resources to focus on commercial endeavors and delivering the best possible experience to their customers. This represents a massive global business challenge, and we’re excited to continue building a team that is galvanized around solving it.”

Ascent has been rapidly gaining momentum since its founding in 2015. Since its inception, Ascent has expanded to 45+ full-time employees and secured $26.7M in funding. 

 

About Built In
Working in tech is a way of life. Built In helps people live it with purpose. Across the most vibrant tech hubs in the US, Built In helps tech professionals stay on top of tech news and trends, expand their networks and carve out futures at companies they believe in. Built In attracts a niche audience of 1 million tech professionals every month and, in 2019, the company hit a milestone, serving 1,100 companies annually. Built In recently launched BuiltIn.com, a national hub for tech trend coverage and resources to help professionals grow in their careers. 

National Site: BuiltIn.com

Local Sites: BuiltInChicago.com | BuiltInLA.com | BuiltInColorado.com | BuiltInAustin.com | BuiltInNYC.com | BuiltInBoston.com | BuiltInSeattle.com | BuiltInSF.com

Best Places to Work Methodology

Built In’s list rates companies algorithmically based on compensation data and employer benefits. Rank is determined by combining a company’s score in each of these categories.

 

Subscribe to our monthly newsletter below to receive helpful content designed to keep you at the forefront of compliance and technology.

 

Subscribe


Jul 21
Love2

Ascent Welcomes Enterprise Technologist and Entrepreneur Chuck Papageorgiou to Industry Advisory Council

By Blog

“Brian and his team have leveraged the power of AI, combined with their deep expertise in regulatory compliance to bring exponential improvements and efficiencies to compliance management. I am looking forward to adding my expertise in those areas and contributing to the vision of the company and scaling its operations.” —Chuck Papageorgiou

 

Ascent announced today that Chuck Papageorgiou, Managing Partner at consulting firm Ideasphere Partners, will be joining its Industry Advisory Council (IAC). Led by Ascent CEO and Founder Brian Clark, the IAC was formed in Fall 2019 to provide industry expertise and high-level advice to the company’s management with regards to strategy, execution, and overall growth of Ascent. 

A market-proven Executive Leader, Business Operator, and Enterprise Technologist, Papageorgiou has over 20 years of experience in leading organizational turnarounds, business transformations, M&As, and launching startups. As an entrepreneur, Papageorgiou has raised, or was responsible for over $9B in M&A, Private Equity, and startup capital and has founded multiple companies, including WorldWatch Plus, an AI-driven risk management firm. As an operator he has lead global technology companies with thousands of employees.

“Brian and his team have leveraged the power of AI, combined with their deep expertise in regulatory compliance to bring exponential improvements and efficiencies to compliance management,” said Papageorgiou. “I am looking forward to adding my expertise in those areas and contributing to the vision of the company and scaling its operations.

“Ascent is on a mission to become the world’s leading RegTech company, and we do that by gathering the best minds around us,” said Clark. “As both an operational leader and a visionary in his field, Chuck is incredibly well-suited to provide the kind of guidance to Ascent that every younger-stage company truly needs to learn and grow. We’re honored to have him on board.”

The IAC’s other members are:

  • David Rudis, Former Executive at LaSalle National Bank and Bank of America
  • Scott Gordon, Former Leader of leading futures brokerage firm Rosenthal Collins Group, LLC and the Chicago Mercantile Exchange
  • Ian Hollowbread, Head of RegTech Labs at ING

For more information on Ascent or the IAC, please reach out to press@ascentregtech.com.