Ascent, an AI-powered solution for regulatory compliance, has formed a strategic partnership with Diligent to streamline compliance operations in the FinTech sector. The aim of the alliance is to help customers enhance their compliance processes by mapping regulatory requirements to internal controls, policies, and procedures. This initiative will enable comprehensive compliance across all areas of the organization.
Ascent utilizes AI technology to simplify and streamline regulatory compliance. Its platform automatically converts regulations into actionable tasks, allowing companies to stay ahead of compliance requirements. On the other hand, Diligent is a pioneer in Governance, Risk, and Compliance (GRC) software. Their platform connects insights across governance, risk, compliance, audit, and ESG, providing organizations with a unified view of their risk landscape.
The partnership involves the integration of Ascent’s AI-driven compliance data into Diligent’s Highbond Platform. This integration will offer clients real-time insights into their compliance status, with the software monitoring regulatory changes, interpreting them, and providing actionable and auditable updates for compliance teams. Furthermore, this collaboration aims to eliminate the need for manual tracking and analysis of regulatory websites, saving time and resources for compliance teams.
By combining Diligent’s regulatory compliance management solution with Ascent’s AI technology, organizations will be able to better organize their compliance processes and keep up with ever-changing regulations, even in complex multi-jurisdictional operating environments. This synergy will help reduce organizational risk while lowering compliance costs.
Ricardo Moreno, SVP of Worldwide Partnerships at Diligent, expressed his excitement about the partnership, saying, At Diligent, we are continuously seeking to add value for our customers through new partnerships and integrations. Ascent’s AI-powered software was a natural fit to integrate with our market-leading Regulatory Compliance solutions; our customers will benefit from time savings and actionable insights to help drive their compliance programs forward.
Chris Junker, CEO of Ascent, also expressed his enthusiasm, Diligent is a trusted leader in the GRC space, and we are thrilled about this partnership. By leveraging our enriched regulatory data, their customers can maximize the capabilities of their compliance, governance, risk management, and compliance reporting offerings. Together, we are enabling risk and compliance teams to achieve a seamless, efficient compliance management experience that drives success in today’s evolving business environment.
This partnership between Ascent and Diligent brings together cutting-edge AI technology and comprehensive GRC solutions to empower organizations in the FinTech sector to navigate the complex landscape of regulatory compliance. With real-time insights, automated compliance tasks, and a unified view of risks, companies can streamline their compliance operations, reduce costs, and mitigate potential risks effectively. This strategic alliance reflects the commitment of both companies to drive innovation and provide value to their customers in an ever-changing regulatory environment.
