{"id":4460,"date":"2019-03-22T12:44:51","date_gmt":"2019-03-22T12:44:51","guid":{"rendered":"https:\/\/fintech.global\/globalpaytechsummit\/?p=4460"},"modified":"2019-03-22T12:44:51","modified_gmt":"2019-03-22T12:44:51","slug":"ascent-adds-seven-new-regulators-to-its-platform","status":"publish","type":"post","link":"https:\/\/fintech.global\/globalpaytechsummit\/ascent-adds-seven-new-regulators-to-its-platform\/","title":{"rendered":"Ascent adds seven new regulators to its platform"},"content":{"rendered":"<p><strong>Compliance automation platform\u00a0<a href=\"http:\/\/member.regtechanalyst.com\/companies\/?ftg_id=FTG_001678\">Ascent RegTech<\/a>\u00a0has launched seven new regulators into its platform.<\/strong><\/p>\n<p>The new regulators are: US-based FFIEC (Federal Financial Institutions Examination Council), FRB (Federal Reserve Board), OFAC (Office of Foreign Assets Control) and FinCEN Chapter X (Financial Crimes Enforcement Network). Singapore-based SGX (Singapore Exchange Limited) and MAS (Monetary Authority of Singapore) and Australian regulator ASIC Corporations Act (Australian Securities and Investments Commission).<\/p>\n<p>Ascent is an end-to-end compliance platform which uses natural language processing and artificial intelligence to convert regulatory text into workable tasks. Data is collected from a selection of channels and includes historical and real-time documents\/rules directly from regulators, personalised for each business.<\/p>\n<p>The platform extracts specific obligations from the regulatory texts and boils it down to workable tasks. Its solution gives a targeted feed of new regulations and rule changes which apply to the client, and indicates how their daily tasks, controls and policies and procedures will be impacted.<\/p>\n<p>The platform supports regulating bodies around the globe and is always adding more to the platform.<\/p>\n<p>The RegTech startup\u00a0<a href=\"http:\/\/member.fintech.global\/2019\/03\/11\/ascent-motiv-accepted-onto-the-wells-fargo-accelerator\/\">recently joined the Wells Fargo Startup Accelerator,\u00a0<\/a>alongside connected wearable device developer. Wells Fargo launched its accelerator in 2013 and has 23 startups in its current portfolio. Participants are eligible for funding of up to $1m.<\/p>\n<p><a href=\"http:\/\/member.regtechanalyst.com\/why-regulators-need-to-do-more-to-raise-regtechs-profile\/\">In an interview with RegTech Analyst<\/a>, Jeff Heine, chief revenue officer at Ascent Technologies said that RegTech can bring benefits to a range of sectors outside of financial services; however, regulators could do more to raise awareness for the burgeoning space.<\/p>\n<p>Last year, Ascent RegTech was again listed in the RegTech 100 list, its second consecutive year of making the 100.<\/p>\n<p class=\"highlight\">Copyright \u00a9 2019 RegTech Analyst<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Compliance automation platform\u00a0Ascent RegTech\u00a0has launched seven new regulators into its platform. The new regulators are: US-based FFIEC (Federal Financial Institutions Examination Council), FRB (Federal Reserve Board), OFAC (Office of Foreign Assets Control) and FinCEN Chapter X (Financial Crimes Enforcement Network). Singapore-based SGX (Singapore Exchange Limited) and MAS (Monetary Authority of Singapore) and Australian regulator ASIC&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/globalpaytechsummit\/ascent-adds-seven-new-regulators-to-its-platform\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":4461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/4460"}],"collection":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/comments?post=4460"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/4460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media\/4461"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media?parent=4460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/categories?post=4460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/tags?post=4460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}