“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.
