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Ascent Expands Global Footprint with Toronto Region Office Opening

Press Release

U.S.- Based SaaS Company Expanding Operations to Support Toronto’s Fintech Industry

Toronto, September 17, 2020: Ascent, a Singapore-headquartered SaaS, AI, and ML-driven company, offering fintech products that have revolutionized the operational efficiency and quality standards of many leaders in the banking and finance industries, has 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 Region’s talent pool and strong financial services sector.

With a deep understanding of the global economy and markets, Ascent ensures that its 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 considerable expertise in the worlds of machine learning and AI. Ascent serves clients throughout North America, Asia, and the Middle East, including some of the world’s largest financial institutions, including Kotak Bank, ICICI Bank, Abu Dhabi Islamic Bank, Bank Dhofar, Doha Bank, Burgan Bank, Emirates Global Aluminum, and HCL.

Ascent plans to establish its office in the Toronto Region as the company’s Sales and Delivery Centre to service clients in North America, with a long-term vision toward growing its presence and team in Toronto. The region offers a large and diverse talent pool, with skill sets specialized in the convergence of financial services and technology.

“The Toronto Region has emerged as a North American leader in fintech,” said Toronto Mayor John Tory. “I’m thrilled that Ascent will call Toronto home, to leverage one of the most educated and diverse workforces in the world, create jobs for our talented residents and contribute to regional economic recovery and growth.”

Throughout the company’s expansion, Ascent worked closely with Toronto Global, a team of experienced business advisors assisting global businesses to expand into the Toronto Region, as well as with the Trade Commissioner Service in Atlanta, Georgia.

“Ascent’s success is attributed to its cutting edge research, innovative business solutions, and impeccable customer service,” said Kundan Shekhawat, President, and CEO of Ascent. “While we were exploring a North American expansion, choosing Toronto was an easy decision as our newest location. A few parameters which helped us in this decision were the region’s availability of talent, cost of operations, the access to key markets, and ease of conducting business here.”

Known for his dynamic leadership style, Kundan Shekhawat has recently relocated to the Toronto Region to build the company’s new office, with a focus on enhancing competitiveness, profitability, customer focus, partnership, branding, corporate values, and governance. He has wide experience in financial services and extensive expertise in Product Development Engineering, strategy, and management. With a career spanning 20+ years, his vision was the one that carried Ascent through its successive stages of growth.

About Ascent

Ascent’s vision is technologically revolutionizing the fintech industry through digitization, automation and optimized business operations making organizations cost-efficient and process-oriented. Ascent’s products are built on proprietary software designed and developed by experts with over 200 years of cumulative experience and expertise.

Ascent is a SaaS-, AI- and ML-driven powerhouse with various disciplines working towards a common goal of offering cutting edge research, innovative business solutions, and impeccable customer service. Technological leadership and business acumen are the cornerstones of Ascent’s earth-shattering, gravity-defying path to the future.

Media Contact:
Siddharth Kohli

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