Ascent RegTech

Ascent RegTech (ascentregtech.com) is a regulatory technology company that provides automated compliance solutions for financial services firms. The company leverages artificial intelligence to help organizations identify, manage, and comply with regulatory obligations. Ascent’s AI-driven platform automatically maps relevant regulations to a firm’s specific business profile, generating actionable tasks and ongoing updates as regulations change. The core AI product is designed to reduce manual compliance work, minimize risk, and ensure firms stay up-to-date with evolving regulatory requirements. The target audience for Ascent’s AI product includes banks, broker-dealers, asset managers, and other financial institutions that face complex and frequently changing regulatory environments.

AscentRegTech offers an AI-driven regulatory compliance platform called AscentAI. Its main features and functions include: - Automating the full regulatory lifecycle, reducing manual compliance tasks from days or weeks to near-instant results. - AscentHorizon: Real-time, targeted global regulatory content and productivity tools for horizon scanning. - AscentFocus: Change management automation, providing a high-confidence regulatory register and identifying impacts of rule changes. - Policy and Control Engine: Automated change proliferation and end-to-end oversight, including policies and controls within GRC (Governance, Risk, and Compliance) systems. - Integrations with leading GRC platforms. - Key benefits: minimizing risk of hidden obligation gaps, reducing costs through AI automation, enabling faster decision-making, driving productivity, ensuring audit readiness, supporting data-driven decisions, scaling compliance across markets, and increasing organizational agility. - Global coverage: 98 countries, 1,000 data sources, and 400,000 obligations tracked. The platform serves banks, broker-dealers, credit unions, mortgage lenders, fintechs, and more.

Practice area: Ascent RegTech (AscentAI) specifically supports the Regulatory practice area, focusing on regulatory compliance for financial services, including banks, broker-dealers, credit unions, mortgage lenders, money transmitters, electronic payments, fintech, and compliance technology providers. Features and functions: - Regulatory Lifecycle Management (RLM) Platform: End-to-end automation of regulatory compliance processes. - AscentHorizon: Real-time, targeted global regulatory content and horizon scanning. - AscentFocus: Change management automation, maintaining a high-confidence regulatory register and identifying impacts of rule changes. - Policy and Control Engine: Automated change proliferation and oversight of policies and controls within GRC systems. - Integrations: Connects with leading GRC platforms. - AI-driven automation: Reduces manual processes, increases productivity, and enables faster decision-making. - Global coverage: Supports compliance across 98 countries, 1,000 data sources, and 400,000 obligations. - Audit readiness: Provides end-to-end traceability for robust audit preparation. - Scalability: Supports expansion into new markets and jurisdictions. - Data-driven decision-making: Enables collaborative compliance management across the enterprise.

AscentRegTech (AscentAI) maintains a SOC 2 Type I attestation. There is no mention of SOC 2 Type II, ISO 27001, GDPR, HIPAA, or CCPA compliance on their security and compliance pages. Their security program is aligned with industry standards such as NIST CSF, and they implement strong data protection and enterprise security practices, but only SOC 2 Type I is explicitly listed as a certification or attestation as of now.