Ascent and Diligent team to streamline regulatory compliance in FinTech sector


Ascent, an AI-powered solution aimed at simplifying and streamlining regulatory compliance, has entered into a strategic partnership with Diligent.

The primary objective of this alliance is to help customers enhance their compliance operations and efficiently map compliance requirements to internal controls, policies, and procedures. This initiative will enable comprehensive compliance across all organisational touchpoints.

Ascent is a modern tech company that leverages AI to streamline regulatory compliance. It provides a platform where regulations are automatically converted into tasks, thereby enabling companies to stay ahead of compliance requirements. On the other hand, Diligent is a SaaS pioneer in GRC. The company offers a platform that allows organisations to connect insights across governance, risk compliance, audit, and ESG, enabling them to have a unified view of their risk landscape.

The partnership entails the integration of Ascent’s AI-driven compliance data into Diligent’s Highbond Platform. This integration will offer clients real-time insights into their compliance status, with the software monitoring regulatory change, interpreting these changes, and providing actionable and auditable updates for compliance teams. Furthermore, this partnership aims to remove the need for manual tracking and analysis of regulatory websites, saving time and resources for compliance teams.

By combining Diligent’s regulatory compliance management solution with Ascent’s AI technology, organisations will be able to organise compliance processes better and keep pace with ever-changing regulations, even in complex multi-jurisdictional operating environments. The resultant synergy will help reduce organisational risk while lowering compliance costs.

Diligent SVP of Worldwide Partnerships Ricardo Moreno said, “At Diligent, we are continuously looking to add value for our customers through new partnerships and integrations. Ascent’s AI-powered software was a natural fit to integrate with our market-leading Regulatory Compliance solutions; our customers will benefit from time savings and actionable insights to help drive their compliance programs forward.”

Ascent CEO Chris Junker also added, “Diligent is a trusted leader in the GRC space, and we are thrilled about this partnership. By leveraging our enriched regulatory data, their customers can maximise the capabilities of their compliance, governance, risk management, and compliance reporting offerings. Together, we are enabling risk and compliance teams to achieve a seamless, efficient compliance management experience that drives success in today’s evolving business environment.”

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