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May 29, 2022
Finance Technologies

ING invests in regtech Ascent

ING has taken part in a $19.3 million Series B funding round for Chicago-based regtech Ascent, reports Jane Connolly. ING backs AI-driven regulatory compliance solutions. Ascent uses machine learning and natural language processing (NLP) to help companies build, manage and automate regulatory compliance. The investment, made via ING Ventures, will enable the four-year-old company to grow its team, product and brand awareness.  Read more: ING validates transactions without compromising data in “blockchain breakthrough” “As the regulatory environment becomes increasingly demanding, so is the pressure on firms to remain compliant,” says CEO of ING Ventures and chief innovation officer, Benoit Legrand.…
ING invests in regtech Ascent

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