DRESHER, PA — Ascensus has been recognized by FinTech Futures for its regulatory technology platform, underscoring the growing role of compliance-focused software as banks and financial institutions face increasingly complex regulatory requirements.
The Dresher-based financial services technology provider received the 2026 Banking Tech Awards USA honor for Best RegTech Solution – Specialist Sector, according to an announcement from the company.
The award recognizes Ascensus’ technology offerings for retirement and savings account administration, including its IRADirect® platform, which helps financial institutions manage individual retirement accounts, health savings accounts, operations and regulatory compliance requirements.
The recognition comes as banks, credit unions and other financial institutions continue investing in technology designed to automate compliance functions, reduce operational risk and adapt to evolving federal and state regulations.
“This recognition reflects the deliberate investments we’re making in technology to transform the client and customer experience in the face of accelerating regulatory complexity,” Dan Morrison, president of retirement at Ascensus, said in a statement. “By reducing friction and embedding compliance into intuitive, digital workflows, we’re helping our clients operate more efficiently.”
According to FinTech Futures, this year’s Banking Tech Awards USA competition included submissions from more than 80 banks, fintech companies and technology providers.
Ascensus said its technology platform was recognized for helping financial institutions address compliance obligations while maintaining digital user experiences for account holders.
The award highlights the increasing importance of regulatory technology, commonly known as RegTech, as financial institutions seek automated tools to navigate reporting requirements, compliance monitoring and account administration.
Ascensus provides technology and administrative services supporting retirement, education and health savings programs and serves financial institutions, employers and individual savers nationwide.
Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources—free for everyone. If you value that, click here to become a patron today.