Ascent Technologies

regtechcomplianceregulatory reporting

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 18/10/2019

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About

Ascent Technologies is a RegTech firm that helps customers simplify and automate their regulatory compliance programs. Its IntaaS (Intelligence-as-a-Service) platform uses a proprietary vertical AI and automation processes to convert the rules and documents of a regulatory body into units of intelligence that are distributed to customers online. Ascent’s RegTech products allow customers to automate their regulatory compliance function by helping them to identify, monitor, and manage their regulatory obligations, saving time and money and reducing regulatory risks. Learn more at www.ascentregtech.com.

MEDICI Analysis

Ascent is a regulatory-based startup that helps companies better manage regulatory compliance risk. It provides cloud-based solutions including issue tracking and management, industry reference and research materials, and compliance manual documentation.

Focus

PRODUCTS & SERVICES

Ascent is built around “channels,” which are derived from individual regulatory bodies. Its proprietary algorithms transform raw regulatory data into targeted obligations with comprehensive context. The channel contains historical and real-time documents/rules straight from a regulator, curated for a particular business. Channels include CFTC, CME, CBOT NYMEX, CBOE, ICE NFA, SEC, and FINRA. The platform features include targeted audience, workflow management, regulatory updates, research library, case management, and reporting.

MAIN CLIENTS

Business

PRIMARY PROBLEM SOLVED

Volume and Complexity of Regulations. Solved via AI-driven and automatic Regulatory Risk and Change Management.

Momentum

FUNDED

YES

TOTAL FUNDING

$7.2 M

DATE OF LAST FUNDING

Mar 2018

SEED & PRIOR FUNDING

$1.2 M

SEED CLOSED ON

Aug 2016

FUNDING SERIES

SERIES A  · $6 M  · Mar 2018

LISTED

NO

COMMENT

Ascent was a finalist in the 2015 New Venture Challenge and won $10,000 at the prestigious University of Chicago startup competition.

BASICS

FOUNDING YEAR:

2015

LOCATION:

United States

Views:

279 VISITORS | 506 VIEWS
LATEST FUNDING ROUND

$7.2 M

About

Ascent Technologies is a RegTech firm that helps customers simplify and automate their regulatory compliance programs. Its IntaaS (Intelligence-as-a-Service) platform uses a proprietary vertical AI and automation processes to convert the rules and documents of a regulatory body into units of intelligence that are distributed to customers online. Ascent’s RegTech products allow customers to automate their regulatory compliance function by helping them to identify, monitor, and manage their regulatory obligations, saving time and money and reducing regulatory risks. Learn more at www.ascentregtech.com.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Ascent is a regulatory-based startup that helps companies better manage regulatory compliance risk. It provides cloud-based solutions including issue tracking and management, industry reference and research materials, and compliance manual documentation.

Focus+
Momentum+
People+
Other+

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Ascent Technologies

About

Ascent Technologies is a RegTech firm that helps customers simplify and automate their regulatory compliance programs. Its IntaaS (Intelligence-as-a-Service) platform uses a proprietary vertical AI and automation processes to convert the rules and documents of a regulatory body into units of intelligence that are distributed to customers online. Ascent’s RegTech products allow customers to automate their regulatory compliance function by helping them to identify, monitor, and manage their regulatory obligations, saving time and money and reducing regulatory risks. Learn more at www.ascentregtech.com.

Focus

PRODUCTS & SERVICES

Ascent is built around “channels,” which are derived from individual regulatory bodies. Its proprietary algorithms transform raw regulatory data into targeted obligations with comprehensive context. The channels contains historical and real-time documents/rules straight from a regulator, curated for a particular business. Channels include CFTC, CME, CBOT NYMEX, CBOE, ICE NFA, SEC, FINRA. The GRC platform marries the customers data with this regulatory data to create a comprehensive, real-time regulatory risk and compliance system that helps customers save time, money, and drastically reduce their risk.

TOP PROBLEM SOLVED

Volume and Complexity of Regulations. Solved via AI-driven and automatic Regulatory Risk and Change Management.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

KEY DIFFERENTIATORS

Our Regulatory intelligence is built with Math, not People. It is faster and more comprehensive. It saves firms time, money, and reduces risk.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

PRODUCT ATTRIBUTES

SaaS