Ascent is a RegTech company offering financial service firms a platform to automate and simplify regulatory compliance processes.
Ascent is leading the world of regulatory compliance forward by offering greater efficiencies, greater cost savings, and greater accuracy.
Ascent was founded in 2015 by Brian Clark. The company is based in Chicago, Illinois.
Ascent tells you exactly which regulatory obligations and rule changes apply to your business. Get just this targeted knowledge or leverage the full platform for a powerful suite of obligations management capabilities.
Ascent utilizes artificial intelligence and predictive analytics to reduce risk through an extensive, centralized library of industry-specific regulations and workflow management solutions. With its cutting edge proprietary software and customizable platforms, Ascent is the only firm offering its clients a quicker, easier and more reliable way to navigate the complex world of regulatory compliance.
Ascent both curates your obligations and houses them in a powerful platform where you can manage them from start to finish. The result is a fully traceable compliance process that supports end-to-end compliance.
Ascent solutions include Ascent Change Management & Ascent Obligations Management. Through natural language processing (NLP) and machine learning, Ascent's algorithms transform raw regulatory data into actionable items for compliance departments. The AI-based platform is built through channels of information from eight regulatory bodies: CFTC, CME, CBOT, NYMEX, CBOE, ICE, GIPS and NFA.
Ascent is backed by Drive Capital, Alsop Louie Partners, ING, Wells Fargo and the University of Chicago. The company raised $19M from a "Series B" financing on Nov 06, 2019. This new round brings Ascent's total funding to $26.7M to date.