Chicago-based RegTech provider Ascent has won $19.3 million in Series B funding from a group of investors led by Wells Fargo and ING, with US venture capital firm Drive Capital and the University of Chicago also taking part. The fundraising follows a Series A round in 2018 which raised $6 million. The company will use the capital to recruit new talent, enhance its existing products, and increase brand awareness. Ascent provides an AI-powered compliance platform and is currently carrying out pilot testing with the Global Financial Innovation Network (GFIN).
A-Team Insight Briefs
This webinar has passed, but you can view the recording here. The on-site data management model is broken. Resources have been squeezed to breaking point. The industry needs a new operating model if it is truly to do more with less. Can hosted/managed services provide the answer? Can the marketplace really create and maintain a...
On June 5, 2019 the US Securities and Exchange Commission (SEC) voted to approve the new Regulation Best Interest (BI), imposing rigorous new requirements to ensure firms are transparent and act in their clients’ best interest. Due to come into force on June 30, 2020, the new rule substantially upgrades existing suitability regulations to raise...
Now in its 3rd year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...