ascent regtech funding

Ascent Technologies was founded by Brian Clark, MBA'17, and Aaron Droba, MBA'16, while students at Chicago Booth. Using machine learning and natural language processing . Thingalytics by Dr. John Bates is the most powerful book written to date about the Internet of Things (IoT), showing businesses how to take advantage of the fast Big Data that flows across the digital planet. AI-powered, collaborative platform to help legal, compliance and change management teams automatically track, identify and analyse their regulatory requirements. When you consider AI processes, you talk about complex automated solutions to run efficiently. ING's ability to use technology to improve its approach to regulatory compliance was given a boost today with the announcement that it would be a multi-million investor in US-based regulatory technology (regtech) company, Ascent. customers and provide them with seamless, convenient and relevant Using market-leading RegulationAI, Ascent helps customers in financial services automate their compliance programs, significantly reducing their . RegTech, which was founded in Frankfurt over 25 years ago, has products that are used by more than 6,000 reporting firms. 7. Part of the growing field of "RegTech", Ascent uses innovative technologies to help companies better manage increasingly-complicated regulatory compliance risk. The investment, made via ING Ventures and part of a US$19.3 million Series B funding, was done in conjunction with various other companies and investors. Ascent has been rapidly gaining momentum since its founding in 2015. Wells Fargo (NYSE:WFC) said that Ascent RegTech and Motiv have joined the Wells Fargo Startup Accelerator. Photo: courtesy of Zirguezi/Wikipedia.org. Designed to help advance emerging technologies in the financial services industry, start-ups joining the scheme are each eligible for up to $1 million in funding to help refine their ideas, along with guidance and advice from business leaders. Web Shield, founded in 2011, is a leading RegTech company offering real-time on-boarding and risk-based monitoring solutions. on Fortune’s 2018 rankings of America’s largest corporations. RegTech is the management of regulatory processes within the financial industry through technology. financial services company with $1.9 trillion in assets. Tempus provides genomic testing and data analysis with a focus on providing physicians a robust analytics tool that allows them to provide . Didomi, which makes managing consent for customer data easier, has bagged $40m in its Series B round, which was led by Elephant and Breega. Ascent, an AI-driven solution that helps customers automate regulatory compliance, announced today the closing of its Series B funding round of $19.3 million. More than $12,000 in Community Champions Scholarships awarded every year to students making a social impact. Its SaaS/IaaS platform integrates a proprietary data set with powerful natural language processing and predictive analytics to construct firm-specific regulatory "backbones" that provide targeted intelligence based on each company's business activities. Deborah Young, CEO of the RegTech Association, said bank venture . Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Ascent helps its customers follow laws and regulations. applications from innovative companies in 91 countries since the 9. De-risk your business with regulatory knowledge. 21-50. Ascent Technologies is a RegTech firm that helps customers simplify and automate their regulatory compliance programs. Ascent . 21-50. The Chennai-based company, an integrated cash logistics player with leading presence in retail cash management segment, will mainly utilise the fresh issue proceeds from the initial public offering (IPO) towards . experiences, and working with promising startups is a key part of our The Ascent of Money (TV Series 2008- ) - IMDb The Ascent Money Market Savings Account is a savings account offering a top-tier rate. The IBM and Ascent partnership was the direct result of Ascent’s successful proof of concept engagement with the Commonwealth Bank of Australia (CBA), earlier this year, wherein IBM was also a key technology partner. Ascent raised $6 million in this oversubscribed round, which was led by Alsop Louie Partners and joined by Randall Kroszner, member of the Board of Governors of the Federal Reserve . C++. The . - Prepare businesses for funding consideration to . We are excited about the implications it will have for our clients in financial services and look forward to helping them dramatically reduce regulatory risks and costs going forward.”. To view Ascent's complete valuation and funding history, request access ». This book discusses the new dimensions of competition that will affect corporate strategy in the next decade and how leaders can reinvent their organizations to be better suited for the new environment. Ascent Technologies, a leading regulatory technology (regtech) company, announced the successful completion of their Series A funding round. Particularly worrisome is the prospect of a new debt crisis. The FSDR highlights both immediate and longer-term actions, including arresting the backslide, to respond to the COVID-19 crisis. Recommendations are included in the report. The companies combined the Ascent platform with OpenPages with Watson which leveraged natural language processing and AI algorithms to identify and analyze more than 1.5 million paragraphs of regulatory text from the country’s Markets in Financial Instruments Directive II. virtual, six-month, non-exclusive program has received nearly 2,500 NEW DELHI: China's transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching in awe from the sidelines. With Ascent will be using this funding to build on their automation engines increasing the number of regulatory channels available to customers. CHICAGO, March 2, 2018-- Ascent Technologies, a leading regulatory technology (regtech) company, announced the successful completion of their Series A funding round. With such strong tailwinds behind the […] Wells Fargo & Company (NYSE:WFC) announced that Ascent RegTech and Motiv have joined the Wells Fargo Startup Accelerator, which is designed to help advance emerging technologies that could transform the financial services industry. The accelerator was designed to help firms create technologies that can transform the financial services industry. The solution allowed CBA to quickly identify terms in the regulation that they needed to review and act upon – a process that would have taken days of manual scanning. “By digitising parts of the regulatory change process, and the automation of continuously refreshing data we can improve the application of regulation, efficiency for our business as well as provide greater transparency with regulators. Ascent uses machine learning and natural language processing (NLP) to help companies build, manage and automate regulatory compliance. The Paris-based FinTech company will use the capital to bolster its presence in Europe, fund its expansion into the US, as well as support its global push. “Ascent is designed to work with OpenPages and other enterprise systems in a powerful and complementary way. You are leaving newsroom.wf.com and entering a website that Wells Fargo does not control. ING backs AI-driven regulatory compliance solutions. The market is expected to grow from $4.3 billion in 2018 to $12.3 billion by 2023 at a CAGR of 23 . announcement onstage at the Quesnay Female Founders in Fintech 01-Jan-2015. For more information about the latest release of IBM OpenPages with Watson, version 8.2, check out the IBM webinar on June 23. We support our clients with the agility of a lean RegTech startup so that they can focus on business development and creating great experiences for their customers. to $1 million in funding, along with guidance from Wells Fargo business Alsop Louie Partners led Ascent Technologies'Series A round for a total of $6million in March. Tempus was founded in 2015 by Groupon co-founder Eric Lefkofsky. Ascent Technologies, a Chicago, IL-based regulatory technology (regtech) company, closed a $6m Series A funding round. In fact, a recent report shows that the global regtech market is expected to grow from $4.3 billion last year to $12.3 billion by 2023. According to Breaking Defense, while the US still stands tall, China has continued to rise as a competitor to the US . Part of the growing field of "RegTech," Ascent uses innovative technologies to help companies better manage increasingly-complicated regulatory compliance risk. Ascent has been rapidly gaining momentum since its founding in 2015. You must have JavaScript enabled in your browser to utilize the functionality of this website. This is a must-read book by Paolo Sironi, a global FinTech Thought Leader!" —Susanne Chishti, CEO, FINTECH Circle; Chairman, FINTECH Circle Innovate; Co-Editor, The FINTECH Book "This is a thoughtful and superbly executed look at how ... Of interest to legal and non-legal academics and students, legal professionals and policy-makers, this book offers a nuanced defence of international law as an approach to global governance in finance and beyond, as well as reform of ... vision is to satisfy our customers’ financial needs and help them This open access book presents a comprehensive and up-to-date collection of knowledge on the state of crowdfunding research and practice. We're leading the world of regulatory compliance forward by offering greater efficiencies, greater cost savings, and greater accuracy. Ascent provides a . Specifically, IBM is integrating the Ascent branded regulatory knowledge platform from Ascent into its IBM OpenPages with Watson solution, to help clients leverage Ascent’s automatically-generated register of regulation and rule changes that pertain specifically to the customer. Ascent Technologies is a RegTech firm helping customers simplify and automate their regulatory compliance processes and reporting. The WealthTech Book provides investors, advisors and finance visionaries with an invaluable resource for tapping the huge customer potential of this rising market. A study by the International Institute for Strategic Studies (IISS) has found the US continues to lead the way as the number one cyber power worldwide. “The financial landscape is constantly evolving, (917) 689-3438 Web Shield, founded in 2011, is a leading RegTech company offering real-time on-boarding and risk-based monitoring solutions. Having successfully colonized everyday life, these radical technologies are now conditioning the choices available to us in the years to come. How do they work? What challenges do they present to us, as individuals and societies? IBM Media Relations Presents information how to spot and sidestep roadblocks on the entrepreneurial journey and sets readers on a path to startup success. This book includes discussion of: * theories on the supply of capital * role of labour * innovation and entrepreneurship * the significance of transport * the impact of industrialisation on living standards. Visit: https://www.ascentregtech.com. insights and perspectives from Wells Fargo are also available at Wells Ascent RegTech's end-to-end compliance platform, powered by regulation AI, is a groundbreaking new way to navigate the increasingly complex world of regulations quickly, efficiently, and most important of all, reliably. startups with market-ready solutions that address key opportunities in To opt in for email alerts, please enter your email address in the field below and select at least one alert option. Written by a widely respected author team, this investments text takes an empirical approach to explaining current, real-world practice. ING backs AI-driven regulatory compliance solutions. The startup serves tier-one and tier-two banks across four continents, and it announced today it raised $19.3 million in Series B funding to keep growing. You can sign up for additional alert options at any time. 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. David Ringrose looks beyond the traditional history of European expansion—which highlights European conquests, empire building, and hegemony—in order to explore the more human and genuinely cross-cultural dimensions of Europeans abroad ... Chicago and Armonk, NY: July 15, 2020 – Ascent, a provider of AI-based solutions that automate regulatory compliance processes, and IBM today announced a partnership to integrate their respective RegTech solutions in an effort to help banks and other financial institutions better manage their growing and ever-changing regulatory requirements. Ascent is a so-called "RegTech" startup that specializes in regulatory compliance risk management for financial firms . Half a decade ago, Brian Clark brought his idea — to use the power of artificial intelligence to revolutionize regulatory . Wells Fargo provides banking, investment and mortgage products and November 05, 2019, 12:24pm CST. experiences and find new ways to manage risk.”. About Ascent. One of the major advantages of having C++ as your AI programming language is processing speed. SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced that Ascent RegTech and Motiv Founded in 1852 and headquartered in San Francisco, With customers from Tier 1 and Tier 2 banks and other financial firms around the world, Ascent provides Knowledge-as-a-Service (KaaS) as a groundbreaking new way to navigate the increasingly complex world of regulations quickly, efficiently, and most important of all, reliably. Rita was a trailblazer. Here, she tells her story from The Tractor Years to The Cocktail Years and how she enjoyed her life just as she enjoyed her martinis - one sip at a time. Includes PHOTOS. See insights on Ascent Technologies including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. 3. Ascent Money Market - Customers Bank Ascent offers even more ways for you to earn money throughout the year, even if you don't have a loan with us. Ascent RegTech (Chicago) provides end-to-end compliance platforms while Motiv (San Francisco) is a wearable technology company. and it’s critical that banks find innovative ways to serve their This book reports on a major research project undertaken following the 2005 reform to assess the impact on China’s economy. patrick@macmillancom.com, IBM infuses Ascent financial regulatory streams into OpenPages with Watson designed to speed the retrieval and processing of those regulatory functions with AI and automation, In Science, The Power of Partnerships Prevails, IBM and David Clark Cause Crown Saaf Water Winner of 4th Annual Call for Code Global Challenge, Fortune and IBM Watson Health Reveal Annual List of 50 Top-Performing U.S. Cardiovascular Hospitals. The . Operating Status Active. have joined the Wells Fargo Startup Accelerator, which is designed to This paper compares the current regulatory capital requirements under the Dodd-Frank Act (DFA) and the 10-percent leverage ratio, as proposed by the U.S. Treasury and the U.S. House of Representatives' Financial CHOICE Act (FCA). 08 November 2019. That's exactly what Ascent, a Chicago-based regtech startup, does. 0. This book is also for people outside of Asia who have an interest in the region. Entrepreneurs or businesspeople can refer to this book as they consider expansion into the area. C++ will provide a cost-efficient AI solution to fit your requirements when compared to other AI programming languages. ING has taken part in a $19.3 million Series B funding round for Chicago-based regtech Ascent, reports Jane Connolly. Founders Aaron Droba, Brian Clark, Shreyas Gosalia. locations, more than 13,000 ATMs, the internet (wellsfargo.com) and Greater Chicago Area Venture Capital Investment Associate @ Polsky Center of Innovation . We're using modern techniques like machine learning and predictive analytics to stay on the cutting edge of our . The 2008 global financial crisis represented a pivotal moment that separated prior phases of the development of financial technology (FinTech) and regulatory technology (RegTech) from the current paradigm. Ascent RegTech and The RegTech Association ponder all things RegTech 26 Feb 2021 7:18 AM | Deborah Young (Administrator) The CEO of the RegTech Association met with Brian Clark, CEO of Ascent RegTech to discuss the power of RegTech and why its so relevant right now. ING invests in regtech Ascent. “Regulation can be complex, time consuming and costly. You must click the activation link to complete your subscription. Ascent Funding | Private . This book takes lessons learned from the rise of the digital platform giants and explores how they can be adapted and effectively applied to established businesses, allowing them to compete within the new digital business paradigm. competition in New York. The company claims that businesses can start protecting themselves from non-compliance in under 2 hours with their solutions. Ascent has been rapidly gaining momentum since its founding in 2015. This book presents a major innovation in the interest rate space. 8 Ascent Funding jobs available in San Diego, CA on Indeed.com. “The potential of this technology for the Bank and the financial services industry more broadly is exciting,” said Jasper Poos, Head of Governance and Assurance at Commonwealth Bank of Australia commented. Ascent's Regulatory Knowledge Automation platform generates a complete set of obligations targeted to your business, and keeps them up-to-date automatically. Ascent Technologies has 53 employees at their 1 location and $26.7 m in total funding,. In addition, customers can benefit from the combined dynamic workflow capabilities and near real-time market intelligence by reducing the manual effort and time spent in transferring regulatory information between teams and disparate systems. tempus.com Healthcare Founded: 2015 Funding to Date: $818.33MM. According to Apnews, Lisa Frazier, head of the Innovation Group at Wells Fargo, said, 'We're continuously seeking ways to . Ascent is the industry's leading compliance automation solution. Wells Fargo & Company was ranked No. This new edition of the leading book on the regulation of financial market infrastructure provides timely analysis of the new UK and EU regimes as well as coverage of international securities markets and clearing systems. Legal Name Ascent Technologies, Inc. Company Type For Profit. CBA used Ascent's AI-powered solution to analyse over 230,000 words of ASIC regulation: "These [ASIC] Acts comprised over 230,000-plus words, which… Liked by Scott Fullman We're excited to announce that we've won The RegTech Association's 2020 award for Internationally Founded RegTech of the Year! SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced that Ascent RegTech and Motiv have joined the Wells Fargo Startup Accelerator, which is designed to help advance emerging . This book undertakes a comprehensive analysis of such diverse areas as regulation of financial stability, modes of supply of financial services, market infrastructure, fractional reserve banking, modes of production of global regulatory ... Apply to Director of Accounting, Full Stack Developer, IT Manager and more! A Chicago startup that helps companies automate compliance obligations and rule changes related to their business has raised a new round of funding. This book presents trends, developments, and examples of how digital disruption is currently reshaping the logistics industry. View Jobs + Learn More Chainalysis Chainalysis Location: New York How it's using regtech: Chainalysis uses blockchain to stamp out money laundering, fraud and compliance violations in the cryptocurrency sector. Trinocular Microscope with DIN Objective and Camera 40x - 2000x, Microscope Blank Glass Slides, 50 cover slips, Slit Lamp Microscope Haag Streit Type : Three Step Drum Rotation, Junior Medical Microscope with Wide Field Eyepiece & LED 100x - 1500x, Trinocular Inverted Metallurgical Microscope 100x - 1200x, Binocular Inverted Metallurgical Microscope 100x - 1200x. This collection of essays from selected experts in the field comprise some of the most topical issues on Islamic Fintech, combining a business focus with legal insights. The book not only emphasizes the financial opportunities made possible by digital banking, such as financial inclusion and impact investing, but also looks at engineering theories and developments that encourage innovation. Ascent’s ability to map obligations and regulatory changes targeted to the customer is a powerful workflow trigger for GRCs. Ascent RegTech Ascent RegTech Industry: Regtech + AI Founded: 2015 What it does: Ascent RegTech combines AI and software to help businesses automate regulatory compliance. Media Allison Vennerberg, 415-222-4722 [email protected]. Since its inception, Ascent has grown 100% YOY, secured $26.7M in funding, and expanded to 50 full-time employees. By completing your subscription, you are providing consent to Wells Fargo Newsroom to send you email alerts and you are agreeing to our Digital Privacy and Cookies Policy. support customers who conduct business in the global economy. Product was successfully added to your shopping cart. We are a new type of company, a RegTech organization that combines a SaaS platform with intelligent content to provide customized tools and targeted advice for our customers. After submitting your request, you will receive an activation email at the requested email address. households in the United States. Michael Zimmerman Ascent, the Chicago-based RegTech, recently announced the closing of its Series B funding round of $19.3 million. Now, India is undergoing its own fintech revolution, and the race is on to grab . Global bank ING is investing in US-based regulatory technology (regtech) company Ascent.The multi-million Euro investment is intended to accelerate the bank's development of machine learning and natural language processing to manage and automate regulatory compliance.The investment, made through ING's venture capital arm, is part of a $19.3 million Series B funding round for Ascent, which . Based on extensive research and the authors' combined thirty years of experience, Discovery-Driven Growth provides a breakthrough system for managing strategic growth. AML. “We’re continuously seeking ways to improve customer and team member Part of the growing field of "RegTech", Ascent uses innovative technologies to help companies better manage increasingly-complicated regulatory compliance risk. Cryptoassets represent the future of money and markets. This book is your guide to that future. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability. Ascent was founded in 2015 to help financial services firms automate the most tedious and error-prone aspects of compliance. April 16, 2020. The platform automatically delivers a customer-specific regulatory obligations and will alert teams to changes that impact their work. The artificial intelligence (AI) landscape has evolved significantly from 1950 when Alan Turing first posed the question of whether machines can think. We provide links to external websites for your convenience. [Editorial queries for this story should be sent to gbn@enpublishing.co.uk] ((Comments on this story may be sent to info@m2.com)) SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced that Ascent RegTech and Motiv have joined the Wells Fargo Startup Accelerator, which is designed to help advance emerging . And our collaboration with Ascent on the CBA solution is a great example of bringing innovative technologies together with purpose to help solve a growing challenge,” said David Marmer, Vice President, Offering Management, IBM RegTech. Ascent calls itself a knowledge-as-a-service company, because it tells companies precisely what they need to do to meet . Furthermore, the Basel region has the highest production volume in life sciences in the world. And while the cost of living in most Swiss cities is high, so, too, are salaries and quality of life. and technology leaders to help refine the launch of their ideas. Know your exact obligations at all times, without throwing more money and people at the problem. This comprehensive guide serves to illuminate the rise and development of FinTech in Sweden, with the Internet as the key underlying driver. It's a modern sphere that provides a range of regulatory services for companies in the financial, healthcare, insurance, and other fields. Before RegTech, organizations had to maintain . On 21 March, Sift Science announced that it had raised a $53m Series D round, which was led by Stripes Group. Ascent RegTech Dec 2014 - Oct 2016 1 year 11 months. Also Known As Ascent Technologies. Shows how the Bank of England failed in its duties to provide Northern Rock with proper lender-of-last-resort facilities. The volume not only emphasizes the financial opportunities made possible by digital banking, such as financial inclusion and impact investing, but it also looks at engineering theories and developments that encourage innovation. Particularly worrisome is the prospect of a new debt crisis. The report highlights both immediate and longer-term actions, including arresting the backslide, to respond to the global pandemic. Web Shield. About Ascent. Warren Buffett, Goldman win from fintech gold rush in India. Wells Fargo Startup Accelerator Adds Ascent RegTech and Motiv to Portfolio. The RegTech Landscape in 2020. Part of the growing Regulatory Technology — or RegTech industry, Ascent leverages emerging technology to create AI-driven solutions that help customers automate regulatory compliance. The company has not officially endorsed a plan to participate in an IPO. Web Shield. Ascent Technologies, a leading regulatory technology (regtech) company, announced the successful completion of their Series A funding round. Now entering its fourth year of operations, Ascent will use this round to fuel the continued growth of its team, product, and brand awareness in the financial compliance . Startups are eligible to receive up Every year the Swanepoel Trends Report covers the 10 most significant trends, shifts, new business models, and companies that are shaping the industry today. financial services. Dutch banking giant ING has joined a $19.3 million Series B funding round for American AI-based regtech Ascent. The Ascent of Money: With Niall Ferguson, Gareth Armstrong, Richard Lintern. mobile banking, and has offices in 37 countries and territories to The round was led by Drive Capital and includes investments from global banks ING and Wells Fargo, Series A investor lead Alsop Louie, and Series A participant The University of Chicago. Ascent announced Tuesday that it raised a $19.3 million Series A round led by Columbus-based VC firm Drive Capital. RegTech is a combination of the words regulatory and technology. ACI Secure .

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