Ascent

Ascent Technologies provides AI-enabled compliance automation solutions tailored for financial services companies. The company's core offering is a regulatory lifecycle management platform that assists firms in navigating the complexities of regulatory changes.

The platform uses AI-driven automation to provide a streamlined and consolidated view of regulatory content through a feature known as "horizon scanning." This allows businesses to stay ahead of the curve by anticipating and preparing for upcoming regulatory shifts. It generates an up-to-date, digital register of a firm’s specific regulatory obligations, which helps in maintaining continuous compliance.

Ascent's business model is centered on providing its software as a service (SaaS) to clients in the financial sector, including banks, investment firms, and other financial institutions. By automating the traditionally manual and labor-intensive process of regulatory compliance, the company helps its clients enhance efficiency and reduce the risk of non-compliance. In January 2024, the company was acquired by Edgewater Equity Partners, a private equity firm.

Keywords: regulatory compliance, regtech, financial services, AI automation, compliance management, risk management, horizon scanning, regulatory change, SaaS, financial regulation