Ascent Technologies, a leading regulatory technology (regtech) company, announced that Spencer Allee has joined the leadership team as Vice President of Artificial Intelligence (AI).
Allee previously served as the Vice President of Data & AI Solutions at tronc, Inc. and as the lead of PwC’s Analytics Innovation Accelerator.
“Ascent is expanding both our team and our regulatory compliance channels since the completion of our Series A fundraising,” said CEO and co-founder Brian Clark. “Our proprietary AI pipeline is at the heart of what we do, and our accuracy and efficiency at processing regulatory data makes our regtech solutions unique. Spencer brings a wealth of experience to our team and we’re very excited to have him overseeing the continued development of Ascent’s AI.”
Allee is a graduate of Yale University with years of experience working on machine learning and natural language processing (NLP). He joins Ascent’s team in Chicago.
Ascent uses AI and NLP to transform raw regulatory data into discrete actions for compliance departments. Ascent analyzes millions of data points from rules and documentation and works with customers to create a customized end-to-end regulatory process. For each customer, Ascent produces custom workflows, documentation, and compliance manuals uniquely tailored to the specific requirements of each firm. As regulators update their rules, each customer’s regulatory ecosystem is automatically updated through Ascent’s platform.