Ascentai
byAscentai
AscentAI is a company that specializes in regulatory compliance automation for financial institutions. Their Regulatory Lifecycle Management (RLM) Platform offers solutions for horizon scanning and change management related to compliance processes. AscentAI serves various entities, including banks, broker-dealers, investments, credit unions, mortgage lenders, and fintech companies. Founded in 2015 and headquartered in Chicago, Illinois, AscentAI focuses on transforming regulatory data into actionable intelligence to help organizations navigate complex compliance landscapes efficiently.
Features
- Regulatory Horizon Scanning: Continuously monitors global regulatory sources and delivers targeted updates to users, helping compliance teams identify new rules, consultations, guidance, and enforcement actions that may affect their organization.
- Regulatory Obligation Extraction: Utilizes machine learning and natural language processing to analyze regulatory texts and extract individual obligations, creating a detailed inventory of requirements relevant to a firm's activities.
- Regulatory Change Management: Evaluates updates to regulations and identifies potential impacts on an organization's obligations, providing side-by-side comparisons and change summaries to help users understand how rules have changed and determine required compliance actions.
- Obligations Inventory and Compliance Register: Maintains a centralized inventory of regulatory obligations tailored to the organization, serving as a single source of truth for compliance requirements and supporting tracking of regulatory responsibilities across the enterprise.
- Policy and Controls Integration: Integrates with governance, risk, and compliance (GRC) systems to map regulatory obligations to internal policies and controls, triggering alerts and updates within connected systems to support coordinated compliance responses.
- Audit Trails and Reporting: Records regulatory updates, change assessments, and compliance decisions in an auditable format, supporting internal reporting and helping organizations demonstrate regulatory compliance during audits or examinations.
Categories
Product Details
- Pricing
- Custom
- Deployment
- Cloud
- Location
- 🇺🇸 Chicago, United States
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