Ascent Business, a Singapore-headquartered SaaS, AI, and ML-driven company offering fintech solutions, has been recognized by the leading global research and advisory organization Gartner in their recent report Gartner Market Guide for Business Continuity Management (BCM) Program Solutions 2021. Ascent AutoBCM (Automated Business Continuity Management) solution is named as one of 6 representative vendor solutions in the report.
Gartner defines the Business Continuity Management Program Solutions (BCMP) market as the group of vendors offering licensed software that provide tools for business continuity planning, incident management, and integrated risk management. The BCMP solutions provide capabilities for availability risk assessment, business impact analysis (BIA), business process and resource/asset dependency mapping, recovery plan management, exercise and crisis management, and BCMP management metrics and analysis. As COVID-19 has caused many organizations to realize that their recovery plans are insufficient, BCMP emphasizes organizations to integrate their business continuity management programs into wider resilience management to ensure that they align with their strategic objectives and provide a joined-up response to a major disruption.
With a deep understanding of the global economy and markets, Ascent ensures that the clients stay ahead of the seismic changes brought by the rapid development of cutting-edge fintech. The company enables this through a host of different innovations, leveraging its machine learning and AI expertise. Ascent serves clients across North America, Asia, and the Middle East and works with some of the world’s largest financial institutions and technology players globally.
Speaking on this achievement, Kundan Shekhawat, President and CEO of Ascent Business, said, “It is an honor to be recognized by Gartner in the Market Guide for Business Continuity Management Program Solutions, 2021. This is an encouragement for us to continue to bring technology transformation in the fintech industry through digitization, automation & optimized business operations making organizations cost-efficient & process-oriented.”
Ascent Business has recently announced the expansion of its North American operations into Toronto. This marks the company’s entrance into the Canadian market and a strategic decision, given the opportunity to leverage the Toronto Regions talent pool and strong financial services sector. The company continues to focus on the Indian market apart from other global markets and aims to bring innovative solutions to domestic and global markets.