Skip to main content
Tag

culture

Ascent Named One of Chicago’s Best Places to Work and Best Small Companies to Work for in 2020 by Built In

By Blog, Culture

“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 that helps customers automate regulatory compliance, today announced that it was included on Built In Chicago’s list of Best Places to Work and Best Small Companies to Work for in 2020. Companies are selected based on data submitted by companies and their employees.

Brian Clark, Ascent Founder & CEO, commented, “As Ascent continues to gain momentum and recognition with customers and regulators worldwide, the key to our success remains the strength of our team. We are pleased to be recognized by Built In Chicago and included among such a prestigious group of local companies.”

Using proprietary RegulationAI™, Ascent dynamically generates the regulatory obligations and ongoing rule updates that apply to the customer, saving businesses significant time and money in analyzing regulation manually

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, having closed its Series B in November 2019.  

In addition, Ascent recently hired Carrie Pinkham as its new VP of People, further demonstrating the firm’s continued commitment to building a great people-first company culture.

“Being named one of Built In’s Best Places to Work is a clear indicator that Ascent’s strong focus on investing in its people and core company culture of shared values is resonating not only with our team but the larger startup community in Chicago as well.” —Carrie Pinkham, VP of People, Ascent

“Being named one of Built In’s Best Places to Work is a clear indicator that Ascent’s strong focus on investing in its people and core company culture of shared values is resonating not only with our team but the larger startup community in Chicago as well,” said Pinkham. “With plans to double our headcount in 2020, I am very excited to help Ascent continue to foster a vibrant staff-led organization at scale going forward.”

Ascent has customers all over the world from Tier 1 and Tier 2 banks and other financial institutions. Ascent is continually expanding its regulatory coverage in order to better serve its customers worldwide. 

Maria Christopoulos Katris, CEO and Co-Founder of Built In, said: “We extend our heartfelt congratulations to our 2020 honorees. Built In aims to change lives by connecting talented tech professionals with jobs they were born to do. These companies have become part of that mission because they stand for more than just the work they’re doing. They stand for their people and purpose.” 

LEARN MORE: 43 Chicago FinTech Companies Revolutionizing Financial Services

 

To see our open positions and learn more about joining our team, visit our Careers page via the link below.

JOIN OUR TEAM

 

Better by Design (Thinking): How We Combine Sprints with Customer-Obsession to Drive Product

By Blog, Culture, Tech

At Ascent, we strive to approach each and every challenge with this mindset that promotes first of all empathy, then understanding, then innovation, and finally a “best-fit” solution.

By Subha Sriram, VP Product 

A design thinking mindset is perhaps one of the most important assets for a company as it searches for innovative solutions to problems both anticipated and unexpected. At Ascent, we strive to approach each and every challenge with this mindset that promotes first of all empathy, then understanding, then innovation, and finally a “best-fit” solution.

What is Design Thinking?

Design thinking synthesizes analytical, divergent, and convergent thinking in the various stages of its workflow to finally arrive at the optimal solution.

The term “design thinking” can be traced back to 1987; however, the concept of design thinking has been around for much longer than that. The design thinking model stands as a counterpoint to the more traditional method of problem solving. 

What are the differences between these two schools of thought?

The “traditional” approach starts out with a clearly delineated problem. Then, a consensus solution to that problem is proposed. The bulk of the problem solving in such a methodology involves moving through a linear series of steps until the consensus solution is finally achieved, or revised according to its utility.

Design thinking, on the other hand, turns such a process on its head. Problem-solvers strive to examine a number of divergent solutions at the outset of the process, and then test such solutions to determine their “fit.” Design thinking synthesizes analytical, divergent, and convergent thinking in the various stages of its workflow to finally arrive at the optimal solution.

Customer-Obsession Creates Better Outcomes

Active listening makes it that much easier for our customers to buy into our solution. They become stakeholders from day one, which is a win for everyone involved.

Customer-obsession is one of our core values. Being a customer-centric company means that our approach to problem-solving reflects our keen interest in empathizing with our customers, understanding the root cause of their frustrations and pain points, and designing systems and services that specifically meet their unique needs.

The design thinking methodology provides the freedom we need to actively listen to our customers from the very start of the problem-solving process. It’s easy to sit behind a desk and say: “This is what you need.” But when designers go beyond just serving briefs and make it a point to hear out the customer with an open mind, then the end solution is almost inevitably superior to what may have been our original conception.

As an added benefit, our active listening makes it that much easier for our customers to buy into our solution. They become stakeholders from day one, which is a win for everyone involved.

How We Implement Design Thinking

Of course, as with any high-level concept, design thinking needs a framework of practical application to be useful in the real world. What we do at Ascent is utilize design sprints to help us meet customer needs – and design thinking is an integral part of such sprints.

Our design sprints are adapted from the popular Google Design Sprint methodology. Our process involves 5 key steps:

  • Conducting empathy interviews. We make it a point to be transparent and open with our interview subjects. We don’t always know the best-fit solution for their problems, which is why we probe, and dig, and explore their perspective. It’s vital that in this initial stage, we don’t try to interject our own values or perspectives into the conversation. This is all about them being heard; our role is to listen, clarify, and confirm.
  • Selecting a target focus. Once we’ve consolidated and analyzed all the data from our interviews, we determine what our design focal point should be. We come up with some preliminary sketches to serve as a rough outline of our objectives and potential solutions.
  • Prioritizing sketches. Next, we prioritize the sketches according to several criteria, such as how well the proposed solution would meet our objectives, its practicality, its functionality, and so on. 
  • Prototyping the experience. We then begin work on a prototype, or multiple prototypes, and look to stitch together the whole experience. We want to present the end-to-end experience that we hope our customers will enjoy upon the project’s completion.
  • Conducting usability sessions. Finally, we once more enlist the participation of our customers and stakeholders via usability sessions. We gather feedback from our customers, and begin iterations of the base design.

By implementing design thinking in such a way, we’ve been able to streamline our entire design process, involve our customers from start to finish, and provide the best possible solutions, instead of simply the most convenient.

Design Thinking in Action

Design is ultimately an expression of how humans can efficiently and effectively perform the job at hand. It’s not just a means to an end – it is an integral part of the final product.

Here’s an example of the value of design thinking in action here at Ascent:

We had been receiving feedback from our customers that they wanted an easy, intuitive way to navigate a specific feature. Because this aspect of our platform was not intuitive, customers were not finding the information they were looking for quickly enough, which actually led to them questioning the credibility of the product. Yikes! This is a classic example of the importance of empathy: while this issue may not have seemed so important from our end (because we know first-hand from building the product that the data is right), the customers didn’t have that level of transparency or product knowledge and therefore could only assume that an inability to find the information in the way they were accustomed to meant that was a problem with the information itself. 

We took measures to more fully understand the scope and nature of this problem. We initiated a two-and-a-half-week design sprint, and adhered to our 5-step design thinking process. We conducted interviews with a variety of customers and internal stakeholders. We took the resultant information, sketched, prioritized, and prototyped, and finally began usability testing. 

In the end, the results were overwhelmingly positive. Our customers were thrilled that we had not only listened to their concerns, but had taken proactive measures to overcome the challenges that they were facing. Even though this design sprint resulted in a fundamental paradigm shift in the way we processed rule updates, in the end our customers and stakeholders were completely satisfied, and we learned a lot from the whole experience.

Great Design is More than a Means to an End

At Ascent, design thinking is an integral part of what we do, and its principles of empathy, listening, and humanity are a reflection of who we are as a team. 

Design is ultimately an expression of how humans can efficiently and effectively perform the job at hand. It’s not just a means to an end – it is an integral part of the final product.

 

Interested in joining us? Check out our open roles below. 

Careers

 

 

The Magic Mix of Tech, People, and Culture — What Makes Ascent an Exciting Place to Work

By Blog, Culture, Tech

Those who are passionate about using technology to solve serious problems for both businesses and consumers alike will find here an environment of continual growth, expanding of boundaries, and optimism for the future that we all get to have a hand in building.

By Arbela Takhsh, Chief Operating Officer

From the moment I first learned of Ascent, I had an inkling that this young company was building something unique. However, it wasn’t until a casual conversation over coffee with Ascent’s Founder and CEO Brian Clark that I fully appreciated its potential to radically transform the market.

I’m no stranger to technological innovation. From my decades spent building and scaling tech products at companies like Motorola, Google, Comcast, and Gogo, I know that achieving the right balance of market need, technological capability, talent, and culture to successfully bring a product to market is incredibly difficult — and rare. 

By the time we’d finished our coffee, I knew I wanted to join Ascent on their mission to leverage cutting-edge technology to build a world that’s not constricted, but empowered by the rule of law.

As Brian — a former Chief Compliance Officer and “recovering lawyer” (as he likes to say) — talked me through the company’s vision, the technology they were building, and the powerhouse team he’d assembled, a realization began to crystallize — these folks were on to something special. By the time we’d finished our coffee, I knew I wanted to join Ascent on their mission to leverage cutting-edge technology to build a world that’s not constricted, but empowered by the rule of law.

I have been in the tech industry my entire career, and my enthusiasm to join the Ascent team was due in large part to their work with emergent technologies. We see that terms like “natural language processing”, “machine learning”, and “artificial intelligence” are everywhere and largely used as buzzwords. 

Ascent however is continuing to make a real and significant technology investment, building a highly innovative data architecture and data engineering platform, a very unique data processing pipeline, and customer applications using cutting-edge technologies and languages. Our mission is to deliver knowledge powered by our expertise in artificial intelligence, technology, and the domain of regulatory compliance.

Our team is building what we call Regulation AI from the ground up. This innovation in regulatory technology allows us to automate the most challenging aspects of compliance work in a way that’s more intelligent, more actionable, and more transformative than what was deemed possible even a few years ago. Ascent isn’t just another SaaS platform; it’s a unique and fundamentally new approach to producing knowledge that goes far beyond mining data for insights and wrapping it up in a user-friendly interface. The application of this technology in the multi-billion dollar compliance industry is groundbreaking and has the potential for delivering massive value to the world of financial services and beyond. 

Most engineers and other technical people I’ve met thrive on the opportunity to not only work with exciting technologies, but to actively shape the world with them. That’s the opportunity that awaits at Ascent.

Most engineers and other technical people I’ve met thrive on the opportunity to not only work with exciting technologies, but to actively shape the world with them. That’s the opportunity that awaits at Ascent. Those who are passionate about using technology to solve serious problems for both businesses and consumers alike will find here an environment of continual growth, expanding of boundaries, and optimism for the future that we all get to have a hand in building. 

I mentioned earlier that success comes not from a great idea, but in the magical amalgamation of technology, people, and culture. It’s not enough that Ascent is building an amazing product; culture plays a crucial role in our ability to deliver and scale. Our core values of Integrity, Cooperation, Persistence, Customer Obsession, and Innovation are integral to how we show up each and every day. Our values work naturally toward a strong company culture that builds enthusiasm among our team.

I believe everything starts and ends with creating real value for our customers. I strongly promote customer-focused strategies, operating cadence, and performance indicators that measure success in the eyes of those actually using our product.

As the person responsible for driving technological and operational excellence here at Ascent, I believe everything starts and ends with creating real value for our customers. I strongly promote customer-focused strategies, operating cadence, and performance indicators that measure success in the eyes of those actually using our product. This deep commitment to the customer is reflected in all that we do and furthermore, it’s how we generate sustainable business value and drive operational scale while building a strong culture driven by our values.

As the inventors of Regulation AI, we thrive on creating solutions that will help businesses grow unencumbered by complex regulation without compromising consumer protection. 

It’s been said that necessity is the mother of invention, and every team member at Ascent understands how necessary this technology is to the future of financial services. As the inventors of Regulation AI, we thrive on creating solutions that will help businesses grow unencumbered by complex regulation without compromising consumer protection. 

For many, the opportunity to shape the technology of the future indicates a cool job opportunity. Expanding that opportunity into the ability to provide transformative solutions that span the globe? That’s career-altering. 

With customers from global financial institutions around the world, we’re on the fast path to major market impact. Now, we’re on a mission to build the best team in the world.

Interested in joining us? Check out our open roles below. 

Careers