Ascent, an AI-powered regulatory intelligence solution, has partnered with Halo Ai to transform how risk and compliance teams work, through automation.
Halo Ai is a holistic risk management platform. Through the deal, Halo Ai’s users will have access to Ascent’s enriched regulatory data to surface obligations targeted to their organisation’s specific needs.
Users will have visibility over their entire regulatory landscape, letting them check their coverage, set risk-based prioritisation of compliance activities and manage regulatory change.
The companies claim that by leveraging Ascent’s AI and natural language processing technology with Halo Ai’s intelligent workflow automation, risk scoring and decision-making engine, risk and compliance teams can be compliant with regulations, even when they change.
Speaking on the partnership, Ascent president and CRO Jonathan Leitner said, “I’m always excited to see our robust, granular information used by a technology partner to create an incredible user experience for their customers.
“By partnering with Halo Ai, we are participating in an end-to-end compliance process that is holistically powered by AI. The technologies, working together, help ensure our joint customers are empowered with the confidence they need to avoid being out of compliance with their regulators.”
Ascent’s flagship product is the Regulatory Knowledge Automation platform. This generates a complete set of obligations targeted at the client company and will keep them updated on changes. This means they can always see their relevant obligations.
Halo Ai CEO and co-founder Dina Ghobrial added, “Ascent is producing the industry’s most targeted regulatory data available.
“With Ascent’s granular and enriched compliance output, we can harness many of their endpoints to help fuel our workflow-generating AI platform. This creates a comprehensive risk and compliance platform bar none!”
Earlier in the year, Ascent teamed up with real-time analytics platform Onspring. Through the deal, they helped streamline how financial firms comply with changing regulations.
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