Ascent
Ascent provides a regulatory compliance management platform tailored for the financial services industry, featuring AI-driven technology to automate and manage regulatory obligations.
Services
Ascent offers a comprehensive platform for regulatory compliance management specifically tailored for the financial services sector. The platform serves industries including financial services, mortgage lenders, FinTech, and professional services. Utilizing AI-driven technology, Ascent automates the identification and mapping of regulatory obligations relevant to specific business needs, supporting compliance teams with automated change management. Additionally, Ascent provides scenario planning tools, audit trails, and integration capabilities with leading GRC tools.
Products
Ascent provides a solution called Ascent RLM™, which covers the full regulatory lifecycle by integrating horizon scanning with a granular regulatory obligations inventory. The platform features two integrated modules: AscentHorizon™ and AscentFocus™. AscentHorizon™ automates horizon scanning, while AscentFocus™ handles regulatory mapping. These modules together provide regulatory change management, support digitized linkage to policies and controls, and deliver a centralized digital register of a firm’s regulatory obligations.
Technology
Ascent employs AI-driven technology to streamline regulatory compliance processes. The platform's AI capabilities automate the identification and mapping of regulatory obligations relevant to specific business needs. This includes maintaining a digital linkage to policies, procedures, and controls, and delivering a single source of regulatory truth. The AI technology is central to the platform's ability to support compliance teams by automating change management and providing scenario planning tools.
Industry Applications
Ascent's platform is specifically tailored to meet the compliance needs of various industries including financial services, mortgage lenders, FinTech, and professional services. The platform’s ability to automate regulatory obligations mapping, maintain a digital register of regulatory requirements, and support regulatory change management makes it beneficial for businesses operating within these sectors. By offering integration with leading GRC tools, Ascent helps these industries streamline their compliance processes and ensure they meet regulatory requirements.