US-based RegTech provider Ascent has formalized its collaboration with the UK’s Financial Conduct Authority (FCA) to break down the agency’s regulatory handbook into smaller and more digestible pieces for ease of consumption.
The partnership is designed to make it easier for financial institutions to understand and apply the FCA guidelines to their operations. Ascent will use its expertise in AI, machine learning and natural language processing to convert the FCA text into distinct workable tasks.
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