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Dec 02
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Ascent Named to the Prestigious RegTech 100 List for the Third Consecutive Year

By Blog, Featured

Ascent has been named to the prestigious RegTech 100 list for the third year running. The RegTech 100 list is comprised of the world’s most innovative technology firms helping financial services firms address the challenges of regulatory compliance.

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Press Release | Chicago, IL | December 2, 2020 – Ascent, an AI-driven solution that helps customers identify the regulatory obligations and rule updates that apply to them, is today celebrating the news that the firm has been named to the prestigious RegTech 100 list for the third year running. Overseen by specialist research firm RegTech Analyst, the RegTech 100 recognizes the world’s most innovative technology providers that are solving a significant industry problem, or to generate efficiency improvements across the compliance function. 

READ MORE:  Rapid Review: What is RegTech?

 

Ascent’s groundbreaking RegulationAI™ rapidly and accurately identifies a financial firm’s regulatory obligations, then keeps them updated as rules change. This targeted regulatory knowledge can be accessed and managed through Ascents cloud-based platform, or fed into a separate GRC (governance, risk and compliance) via API. 

By automating a process that would typically take compliance personnel significant time to complete manually, Ascent helps maximize efficiencies, reduce error, and ensure that firms know exactly what needs to be done in order to avoid fines and mitigate risk. 

“Ascent was founded to give businesses greater confidence in their compliance and risk operations. The turmoil of 2020 has highlighted for us the importance of that mission.” —Brian Clark, President and Founder, Ascent

“We are honored to once again be named in the RegTech 100,” said Brian Clark, Ascent President and Founder. “Ascent was founded to give businesses greater confidence in their compliance and risk operations. The turmoil of 2020 has highlighted for us the importance of that mission. The age-old problem of regulatory compliance – ‘you don’t know what you don’t know’ – is what Ascent was built to solve, and by doing so, we aim to help our customers achieve certainty in an uncertain world.”

“The RegTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in [each] sector.” —Mariyan Dimitrov, Director of Research, RegTech Analyst

RegTech Analyst director of research Mariyan Dimitrov said, “Banks and other financial institutions need to be aware of the latest RegTech innovation in the market in order to avoid new compliance risks and stay competitive despite new regulations around customer onboarding and remote communication post Covid-19. The RegTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in [each] sector.”

Ascent has been rapidly gaining momentum since its founding in 2015. Since its inception, Ascent has secured $26.7M in funding and doubled its staff. Ascent serves a range of financial institutions, including global financial firms and SMBs in the banking, securities, and derivatives industries.   

Ascent's RegTech 100 Badge

 

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Nov 26
Love1

Ascent Named to the Prestigious RegTech 100 List for the Second Consecutive Year

By Blog

“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 customers automate regulatory compliance, is today celebrating the news that the firm has been named to the prestigious RegTech 100 list for the second consecutive year.

Overseen by RegTech Analyst, a specialist research firm, the RegTech 100 recognizes those firms making the most innovative use of technology to solve a significant problem for the financial services industry and/or generating cost savings or efficiency improvements across the compliance function.

Ascent’s proprietary RegulationAI™ processes and analyses regulatory text, delivering the regulatory obligations and rule changes that are most relevant to the customer. By doing automatically what takes individual Compliance Officers, consultants, and lawyers hundreds of hours to accomplish manually, Ascent frees customers from tedious manual tasks so they can focus on higher-value activities.

“This is a fantastic honor and we’re especially excited to be making a repeat appearance on this list of the most innovative names in the RegTech business,” said Jeff Heine, Chief Revenue Officer with Ascent. “Large financial institutions are finding themselves under increasing regulatory pressure due to the increase in volume of new regulations and on-going changes, all while the regulations themselves seem to be shifting constantly. Our technology not only helps solve for these pain points but gives firms a competitive advantage, freeing up resources that can be put to work on other critical compliance functions that drive impact for the business.”

“Ascent stood out . . . for its innovative use of AI and the growing global scope of the regulatory bodies it helps clients track and manage.” —Mariyan Dimitrov, Head of Research, RegTech Analyst

“Ascent stood out to the analysts and industry experts on our advisory board for its innovative use of AI and the growing global scope of the regulatory bodies it helps clients track and manage,” said Mariyan Dimitrov, head of research at RegTech Analyst.

Built using sophisticated machine learning and natural language processing technologies, Ascent’s groundbreaking solution helps businesses mitigate their regulatory and reputational risk while often obtaining seven and eight figure compliance savings for its customers.

In addition to this award, Ascent also recently announced that it had closed a successful Series B funding round of $19.3 million.

To learn more about Ascent or to request an interview, please reach out to Rachael Battista at rachael@ascentregtech.com.