Tag: Ascent

Many RegTech solutions have artificial intelligence at the core of their solutions, but the founder of Ascent has warned that they need to be aware of the ethical pitfalls using the technology can entail.

Having been named one of the most innovative RegTech companies in the world by taking a place on the coveted RegTech100 2020 list, Ascent is now revealing a new solution to improve business compliance.

The awards are coming fast now for Arctic Intelligence. The Aussie scaleup just picked up two awards at The RegTech Association’s annual awards ceremony shortly after being recognised as a Rising Star in Deloitte’s Technology Fast50 late last year.

One of the world’s 50 biggest banks recently tapped REGTECH100 company Ascent to find out how to comply with the General Data Protection Regulation (GDPR).

Regulatory compliance company Ascent continues its winning streak by expanding its coverage of Australian laws.

Compliance automation platform Ascent has added a new unnamed Global Top 50 bank to its client base to help them keep up with regulations such as the Senior Managers and Certification Regime (SM&CR) and the Banking Executive Accountability Regime (BEAR).

It has been a big year for RegTech, with $6.5bn being invested in just the opening three quarters. With the year coming to an end, it begs the question of, what is next for the sector?

SM&CR has increased emphasis on personal accountability within firms and caused many senior managers to abandon ship for less risky roles, Ascent partner lead Maria Phillips told FinTech Global.

This list identifies the world’s most promising enterprises developing solutions to solve financial services firms and other businesses’ risk management, compliance and cybersecurity concerns.

Ascent, the enterprise using tech to boost compliance, has just announced a $19.3m funding round led by Drive Capital, the venture capital firm that has previously invested in InsurTech company Root Insurance among other businesses.