Digital Transformation for Today’s Risk and Compliance
Breakthrough technology that powers enterprise productivity and reduces cost
Risk and Compliance are complex and dynamic business activities that are critical to the day to day operations of your business. What’s more, their traditional manual approaches to capturing, compiling, understanding, and operationalizing the regulatory lifecycle simply can’t keep pace with the inhuman amount of regulatory information.
Your firm has likely made a significant investment in a GRC platform and risk management tools. However, a critical component is likely missing from your tech stack: an AI-powered regulatory lifecycle management solution that automates the collection, distribution, and usage of regulatory information on a global basis.
Traditionally, financial services firms have relied on armies of Risk, Compliance, Legal, and outside services providers to manually gather, compile, analyze, understand, and act on the massive volume of regulatory information that is published every day. From news, guidance, and enforcement actions, to complex rules and amendments that define compliance standards for your firm to abide by.
The reliance on manual processes has created organizational silos, process bottlenecks that limit speed and productivity, hidden regulatory gaps that create unnecessary risk, and increased operating costs. It’s a challenging and unsustainable issue that every firm faces.
Digital transformation is the answer
AscentAI’s Regulatory Lifecycle Management Platform, powered by patented and purpose-built AI, is designed to automate the arduous manual processes hindering your Risk and Compliance teams and empowers them to take control of the regulatory lifecycle:
- Know everything they need to know
- Respond to regulatory changes quickly and confidently
- Harness automation to power high-performing business operations
- Scale regulatory lifecycle management across the global enterprise
Keeping your finger on the pulse: Horizon Scanning
Automate the monitoring, collection, aggregation, and distribution of global regulatory information with AscentHorizon.
- Eliminate manual data collection processes by automating the capture of relevant regulatory information and creating an enterprise single source of truth
- Make it easy for teams to find and use relevant data with filters, search tools, and user defined tagging
- Empower teams to stay on top of new developments with real-time alerts
Enable teams to gain a full perspective with automated document linking of related regulatory documents - Foster collaboration, create repeatable processes, and eliminate spreadsheets with built-in, customizable workflows
Confidently manage compliance: Change Management
Fully automate the monitoring, capture, impact assessment, and comparison of regulatory changes with AscentFocus.
- Automatically monitor the regulations that impact your business in near-real time so teams never miss an update
- Eliminate manual rule change impact assessments with AI-powered engines that analyze and identify updates that apply to your business
- Enable teams to quickly and easily understand specific changes with AI-generated summaries and highlighted side-by-side text views
- Provide defensible proof of compliance with reports and automated audit logs that track every change your teams make
Supercharge your GRC
GRC platforms are a critical component of your Risk and Compliance toolset, providing an enterprise register of regulatory obligations and corporate policies, procedures, and controls. But, with the dynamic nature of the regulatory lifecycle, the GRC requires constant updating to ensure a robust compliance posture. AscentFocus seamlessly integrates with leading GRC platforms to automatically propagate changes within the GRC, and identify internal policies and controls impacted by updates for remediation.
Low IT impact
As a cloud-based SaaS solution, the Ascent Regulatory Lifecycle Platform has minimal IT impact. It supports all popular SSO vendors to provide complete access control to customers. Seamless out-of-the-box integration with leading GRC platforms requires few administrative requirements for IT.
Empower your Risk and Compliance teams to take control of the regulatory lifecycle with AI-powered automation. Eliminate manual routines, mitigate risk, reduce costs and accelerate productivity.
