Change Management Done Better

Fully automate your regulatory change management processes with AI.

Proper change management automation requires more than just horizon scanning tools.

Horizon scanning tools do not reliably identify obligations within rules and amendments. This opens the door to unnecessary risk.

Even if a regulatory change is flagged, teams must still manually review large amounts of text to identify changes and impacts to your obligations—an arduous, error-prone process.

"AscentAI converted 1.5 million paragraphs of regulatory text into a series of bite-size, actionable tasks. This allowed us to quickly identify terms in the regulation that we needed to review and act upon – a process that would have taken days of manual scanning.”

Director, Large global bank

AscentAI: Obligation-based approach to change management

AscentAI takes a fundamentally different approach to change management, by focusing on your obligations. We provide a structured, AI-driven solution to managing the overwhelming volume of regulations, reducing the manual effort, cost, and risk associated with regulatory compliance.

We start by partnering with you to develop your Regulatory Map and rock-solid Obligations Inventory to build a comprehensive regulatory understanding. From there, AscentFocus uses your Obligations Inventory as a blueprint to automate the change management process to deliver accuracy, speed, and confidence:

Real-time monitoring and automated breakdown

Monitors and captures global regulatory updates in real time, and parses documents into obligations and related information like definitions, clarifications, and exemptions.

Automatic identification of relevant changes and impacts

Compares regulatory obligation updates with your Obligations Inventory to automatically and accurately identify applicable changes. This eliminates arduous manual review processes and errors.

Automated obligation change summaries

Generative AI summarizes each obligation change, helping you quickly and easily understand what’s new.

Side-by-side comparison of old and updated rules

Get side-by-side comparisons for each obligation update, with highlighted text to quickly understand the scope and nature of changes.

Policy and control impact notifications

When integrated with your GRC, AscentFocus notifies policy and control owners of an obligation change that impacts downstream elements for remediation.

Audit trails

Every change is automatically logged to provide defensible proof of compliance during internal and external exams.

Case Study

A large global bank based in North America had a complex, outdated, and challenging obligations catalog and was facing regulator scrutiny.

AscentAI identified

  • Manual, multi-team regulatory change management operations
  • Elevated risk of regulatory scrutiny or action
  • 10,000 outdated and duplicative obligations
  • The bank now has a solid foundation of 6,500 obligations, aligned to regulator requirements.
  • With AscentFocus, the bank has increased change management speed and accuracy, with end-to-end traceability in their GRC tool.
  • In addition, they were able to successfully pass their regulator exam and remain in good standing.

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Duplicate obligations found and removed

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Hidden obligation gaps found and remediated

Seamlessly Integrate with leading GRC platforms

When regulations change, the policies, procedures and controls managed through your GRC have to be updated to maintain your compliance posture.

AscentFocus seamlessly integrates with leading GRC platforms, powering efficient, holistic regulatory lifecycle management across the enterprise. 

With automated GRC integration…

  • Mitigate risk
  • Eliminate duplication and gaps
  • Gain end-to-end traceability
  • Ensure exam-readiness
  • Increase speed, agility, and enterprise scalability.

Automatic updates flow continually (with human oversight) to ensure GRC content aligns to regulatory requirements.

With its obligation mapping capabilities, AscentFocus shows connections between obligations, policies, procedures, and controls for end-to-end traceability, executive oversight, and exam readiness.

Transform your change management processes. ​

Before you can effectively automate your change management processes, Ascent helps you establish a solid regulatory understanding and granular regulatory obligations register that’s used to power AscentFocus.

1. Regulatory Map

Ascent begins with a Regulatory Map, a high level definition of your jurisdictions, regulators, and sections of regulatory content that govern your business. The Regulatory Map becomes part of your core compliance strategy, providing a macro view of your compliance posture that evolves as your business expands.

2. Obligations Inventory

Next, using the Regulatory Map as a guide, we compile your Obligations Inventory, which is a rock-solid, detailed register of the specific regulatory obligations (requirements) from all of your jurisdictions and regulators. The Obligations Inventory becomes your corporate source of truth and is used as the blueprint for AscentFocus to identify any and all changes to these obligations over time.

Your Obligations Inventory is a direct representation of the actual regulatory text from the regulator’s documents and not an interpretation, eliminating ambiguity and potential gaps.

AscentAI’s unique approach offers both tactical and strategic benefits:

Tactical benefit

During the creation of Obligations Inventory it is not uncommon to discover duplicate obligations in your existing register, which add unnecessary complexity. More importantly, we often discover obligation gaps, which represent hidden risk.

Strategic benefit

With a robust Obligations Inventory in place, you now have an accurate, reliable, and high-confidence register for your enterprise. The Obligations Inventory then serves as the basis to automate your change management moving forward.