CHICAGO, June 13, 2017 /PRNewswire/ -- Ascent, a leading regulatory technology company, launches Navigator, a platform that provides intelligent assistance to help users build, manage and automate their compliance programs.
Through natural language processing (NLP) and machine learning, Ascent's algorithms transform raw regulatory data into actionable items for compliance departments. The AI-based platform is built through channels of information from eight regulatory bodies: CFTC, CME, CBOT, NYMEX, CBOE, ICE, GIPS and NFA.
By consolidating and streamlining regulatory information in a central, cloud-based location, Navigator allows compliance teams to focus on the overarching aspects of compliance, like internal counseling and addressing high-risk issues.
"Every organization requires compliance in some facet of their operations, but there continues to be major discrepancy in the resources allocated to those programs," said Brian Clark, CEO and co-founder of Ascent. "By leveraging artificial intelligence, firms can turn compliance requirements into actionable intelligence."
Its customizable channels contain historical and real-time documents and rules directly from regulatory bodies. By incorporating a supervisory workflow, targeted intelligence, regulatory updates, automated reporting, complete record keeping and researching capabilities, users are able to build a scalable compliance program.
"Compliance is a challenge that affects institutions regardless of size, so it was important that this technology was scalable and applicable across the financial industry," said Clark. "By bringing together innovative technologies, like domain-specific AI, this platform has the ability to solve financial firms' compliance challenges in a way that's unprecedented."
For more information about Ascent, please visit www.ascentregtech.com.
About Ascent Technologies, Inc.
Ascent is a Chicago-based RegTech company offering financial service firms a platform to automate and simplify regulatory compliance processes. Ascent utilizes artificial intelligence and predictive analytics to reduce risk through an extensive, centralized library of industry-specific regulations and workflow management solutions. With its cutting edge proprietary software and customizable platforms, Ascent is the only firm offering its clients a quicker, easier and more reliable way to navigate the complex world of regulatory compliance. For more information, visit https://www.ascentregtech.com/.
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SOURCE Ascent Technologies, Inc.