Ascent RegTech announced today its acceptance into the Wells Fargo Startup Accelerator, a program designed to advance startups that have innovative offerings for the enterprise, as well as a demonstrated track record of experience and implementation.
"We are honored to be a part of the Wells Fargo Startup Accelerator and are excited to leverage the expertise of this global institution that is leading the market in innovative technology," said Brian Clark, CEO of Ascent RegTech. "As an industry, we can achieve so much more when large firms and startups work together, and we look forward to seeing this experience become a proving ground for bringing innovative RegTech solutions to market."
The Wells Fargo Startup Accelerator is a six-month program that provides coaching, strategic development, and access to the global bank’s extensive network of mentors and executives. Historically, the program has attracted a range of different companies, from those focusing on cybersecurity and payments, to artificial intelligence and Internet of Things, to wearables, robotics, and more.
“We’re proud to welcome Ascent RegTech to the Wells Fargo Startup Accelerator,” said Lisa Frazier, head of the Innovation Group at Wells Fargo. “Collaboration with startups is key to shaping the future of financial services and compelling change in how the industry manages itself.”
Ascent’s proprietary Regulation AI helps customers in financial services manage, automate, and scale their compliance programs. Ascent won first place in the recent BMO Harris/1871 Innovation Program and is currently participating in Microsoft for Startups, a program that accelerates startups’ expansion into the enterprise.