Latest news with #Diligent
Yahoo
28-07-2025
- Business
- Yahoo
Candescent Names Satheesh Ravala Chief Technology Officer to Drive Platform Innovation
ATLANTA, July 28, 2025--(BUSINESS WIRE)--Candescent, the leading cloud-based digital banking solutions provider for U.S. financial institutions, has appointed Satheesh Ravala as Chief Technology Officer. Ravala brings more than two decades of experience building enterprise-scale platforms and leading global technology teams across fintech and SaaS. As CTO, Ravala will accelerate Candescent's unified platform strategy – advancing AI-driven digital banking, marketplace integrations, and always-on reliability to help banks and credit unions deepen engagement and grow faster. Ravala will work closely with Gareth Gaston, Candescent's Chief Product Officer, to fulfill Candescent's commitment to delivering the best digital banking solutions in the market with a future-ready, extensible platform. "Candescent is redefining what's possible in digital banking," said Ravala. "I'm excited to join the team and help scale a platform that empowers financial institutions to innovate with speed and confidence." Ravala most recently served as CTO at Diligent, where he led the development of the Diligent One Platform and oversaw global engineering, IT, and security teams. He previously held senior leadership roles at Intercontinental Exchange (ICE) Mortgage Technology and Ellie Mae, spearheading the Encompass Lending Platform. Additionally, Ravala will be recognized on July 25th as an awardee of the AI100 Awards, a prestigious recognition honoring individuals and organizations that have significantly advanced the fields of Analytics and AI within enterprises. "Satheesh's proven ability to scale global technology teams and deliver innovative, enterprise-grade platforms will elevate our technology and deliver even greater value to clients," said Brendan Tansill, CEO, Candescent. "The addition of his leadership will accelerate our unified platform vision while delivering a product release cadence that our customers can rely on." About Candescent Atlanta, Ga.-based Candescent is the leading cloud-based digital banking solutions provider for U.S. financial institutions. We enable clients to differentiate and grow by securely delivering innovative experiences in consumer and business banking, onboarding and sales, payments, servicing, and marketing and data. Candescent serves 1,300 banks and credit unions representing 30 million registered users. For more information visit Web site: LinkedIn: YouTube: View source version on Contacts Candescent Media Contact Amber Bushamber@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Techday NZ
16-07-2025
- Business
- Techday NZ
Diligent unveils ACL AI Studio to simplify GRC data analysis
Diligent has announced the launch of ACL AI Studio, a tool incorporating advanced analytics to simplify governance, risk and compliance (GRC) data analysis for audit, risk and compliance teams. ACL AI Studio is now available as part of the Diligent One Platform, expanding the suite's capabilities by enabling professionals to conduct complex data analyses without requiring specialist technical skills. According to the company, the new solution is designed to integrate seamlessly with existing workflows and applications, removing hurdles often associated with analytics adoption within GRC programmes. Workflow integration ACL AI Studio draws on the capabilities of Diligent's existing ACL product line, utilising artificial intelligence to allow users to engage with data via a natural language interface. This interface is intended to enable team members to carry out queries and analysis using plain language rather than programming or scripting, thus reducing the need for coding expertise across audit and GRC departments. The system supports natural language analysis, AI-driven test recommendations, and operates on data derived from existing ACL analytics scripts. Features are focused on providing transparency, offering full traceability through logging and exportable results, which aim to reduce risks linked with automated data interpretation, such as AI hallucinations. Users can run AI-suggested tests, link findings directly to audits, identify possible policy breaches and unusual financial activity, as well as update risk scoring and automate workflow triggers within their organisations. The platform is able to process millions of records in real time, enabling comprehensive population-level review rather than analysis of small samples. User experience Paul Chaney, Chief Executive Officer of Auditopia and KOINO IT Solutions, commented on his experience using the new offering: "Diligent hit the mark with ACL AI Studio. As a 35-year ACL Analytics user, this new product enhances our capabilities by combining trusted ACL software with the newest technologies. ACL AI Studio is user-friendly, which enables our team to work more efficiently as we automate audit and GRC processes, giving our customers valuable insights from their data." The tool features AI persona-based recommendations, with analytics tailored to a range of GRC roles, including internal audit, SOX, compliance and risk management. Diligent states that this results in a faster return on investment and maintains high accuracy for users based on their individual governance responsibilities. The platform also prioritises support for control testing, exception handling, audit trails and ongoing policy compliance. Additional capabilities Beyond ACL AI Studio, Diligent has introduced two additional features: AI Control Mapping and AI Control Generation. Both are designed to further streamline compliance processes and lower the costs associated with control management. According to the company, these updates collectively aim to enhance the scalability and intelligence of GRC functions for organisations managing complex regulatory environments. Market focus Adam Bailey, General Manager, Platform, at Diligent, outlined the intended impact of the new system: "ACL AI Studio is a game-changer for GRC professionals. Non-technical users can now leverage AI to detect issues and drive meaningful results, ensuring that your organisation's GRC processes are more efficient and accurate than ever before. In a market dominated by general-purpose analytics tools, ACL AI Studio is the only specialised solution for GRC and is designed to help organisations maintain the highest standards of compliance and governance." Diligent's launch of ACL AI Studio is part of its wider efforts to expand AI-driven functionality within its GRC portfolio, following the recent introduction of products such as GovernAI and AI Risk Essentials.
The Star
10-07-2025
- Business
- The Star
Humanoid robot startup Diligent taps Cruise executives as it looks beyond healthcare
(Reuters) -Diligent Robotics has added two top executives from robotaxi firm Cruise as it prepares to scale beyond hospital logistics, the humanoid robot maker said on Thursday. The hires signal a strategic shift to broader commerical applications for Diligent, whose Moxi robot handles non-patient-facing tasks such as delivering supplies, medications and lab samples in hospitals. Rashed Haq, who was head of AI and robotics at Cruise, joins as chief technology officer, and Todd Brugger, previously operations chief at Cruise, joins as chief operations officer. Haq brings expertise in deploying large-scale autonomous systems and will lead Diligent's AI roadmap, the company said. Brugger will oversee operations and commercial strategy, aiming to scale Diligent's robotic deployments across industries. 'Rashed and Todd's experience scaling autonomous vehicle technology is exactly what we need as we expand into broader commercial applications,' said Andrea Thomaz, CEO of Diligent Robotics. Moxi, the company's humanoid robot, has completed over one million deliveries in more than 30 U.S. hospitals, saving nearly 600,000 staff hours, the company said. Diligent is aiming to position itself at the forefront of embodied AI, with plans to deploy over 3,000 robots by 2030. (Reporting by Akash Sriram in Bengaluru; Editing by Sahal Muhammed)
Techday NZ
08-07-2025
- Business
- Techday NZ
Diligent named leader in IDC MarketScape for GRC software 2025
Diligent has been named a Leader in the IDC MarketScape Worldwide Governance, Risk, and Compliance Software 2025 Vendor Assessment. The recognition places Diligent at the forefront of global governance, risk and compliance (GRC) software providers, following a period of product launches and acquisitions focused on enhanced AI-powered GRC capabilities. Report findings The IDC MarketScape's assessment, one of the sector's most detailed analyses, evaluates software vendors based on both qualitative and quantitative criteria over a projected three-to-five-year timeframe. Diligent was reviewed on the strength of its strategic vision and the capabilities of its products. In the report, IDC MarketScape notes: "The Diligent One Platform is a true single platform of AI-powered cross-organisational GRC capabilities that are modular, enabling customers to be met where they are in their GRC maturity journey." The report continues by highlighting that Diligent's solutions are "the gold standard in board reporting" and that its roadmap "promises unique and value-added outcomes so organisations can truly manage risk and compliance bottom up." Platform and approach Diligent's suite of GRC offerings includes new products such as GovernAI and AI Risk Essentials, as well as the acquisition of Vault Platform, an AI-powered ethics and compliance solution. These moves are cited as reinforcing the company's focus on delivering GRC solutions leveraging artificial intelligence. Brian Stafford, President and Chief Executive Officer of Diligent, commented on the announcement. "Being named a Leader in the IDC MarketScape for GRC Software is not only a testament to our AI-powered platform but also a reflection of our unwavering commitment to our clients across the globe. We are grateful to the over 25,000 clients who trust Diligent for AI-powered governance solutions every day. As the global leader in GRC innovation for 20+ years, we're dedicated to providing best-in-class GRC solutions that drive operational excellence and mitigate risk." Phil Harris, Research Director, Governance Risk & Compliance Services at IDC, also addressed the reasoning behind Diligent's Leader placement. "Diligent has been positioned as a Leader in the evaluation of the Worldwide Governance, Risk and Compliance Software providers for its strategic, comprehensive and robust AI platform. The Diligent One Platform can power company-wide GRC capabilities for organisations of every size and maturity level." Industry context Diligent's recognition from IDC MarketScape adds to other industry endorsements, including those from Chartis and Forrester, as well as positive feedback on review sites such as G2 and Trust Radius. The IDC MarketScape assessment model provides an overview of the competitive positioning of technology suppliers in distinct markets, rating participants based on both product and service offerings, and the strategies underpinning their medium- to long-term success. Diligent reports serving more than 1 million users and 700,000 board members globally, providing technology to support risk management, governance processes and decision-making. Follow us on: Share on:
National Post
07-07-2025
- Business
- National Post
Diligent Named a Leader in IDC MarketScape 2025 Worldwide GRC Software Report
Article content NEW YORK — Diligent, the AI leader in governance, risk and compliance ( GRC) SaaS solutions, today announced it has been named a Leader in the IDC MarketScape Worldwide Governance, Risk, and Compliance Software 2025 Vendor Assessment (doc # US53615325, June 2025). This announcement builds on recognition from leading industry analysts and recent launches of GovernAI, AI Risk Essentials, and the recent acquisition of Vault Platform, an AI-powered ethics and compliance solution, re-affirming Diligent's commitment to delivering cutting-edge, AI-powered GRC solutions. Article content 'Being named a Leader in the IDC MarketScape for GRC Software is not only a testament to our AI-powered platform but also a reflection of our unwavering commitment to our clients across the globe,' said Brian Stafford, President and CEO of Diligent. 'We are grateful to the over 25,000 clients who trust Diligent for AI-powered governance solutions every day. As the global leader in GRC innovation for 20+ years, we're dedicated to providing best-in-class GRC solutions that drive operational excellence and mitigate risk.' Article content The IDC MarketScape, one of the industry's most comprehensive and detailed analyses, evaluates vendor's current capabilities and strategies over a three-to-five-year future time frame using both qualitative and quantitative assessments. Diligent was rigorously evaluated in two key categories: strategic vision and product capabilities. Article content Key strengths of Diligent, highlighted in the IDC MarketScape report, include: 'The Diligent One Platform is a true single platform of AI-powered cross-organizational GRC capabilities that are modular, enabling customers to be met where they are in their GRC maturity journey.' The report outlines that Diligent's solutions are 'the gold standard in board reporting' and that there is 'a strong road map that promises unique and value-added outcomes so organizations can truly manage risk and compliance bottom up.' Article content 'Diligent has been positioned as a Leader in the evaluation of the Worldwide Governance, Risk and Compliance Software providers for its strategic, comprehensive and robust AI platform. The Diligent One Platform can power company-wide GRC capabilities for organizations of every size and maturity level,' said Phil Harris, Research Director, Governance, Risk & Compliance Services of IDC. Article content This recognition complements Diligent's recent achievements, including accolades from industry analysts like Chartis and Forrester, as well as rave reviews and awards from clients in G2 and Trust Radius. Article content About IDC MarketScape Article content IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers. Article content About Diligent Article content Diligent is the AI leader in governance, risk and compliance (GRC) SaaS solutions, helping more than 1 million users and 700,000 board members to clarify risk and elevate governance. The Diligent One Platform gives practitioners, the C-Suite and the board a consolidated view of their entire GRC practice so they can more effectively manage risk, build greater resilience and make better decisions, faster. Learn more at Article content Article content Article content Article content Article content Contacts Article content Media Contact Article content Article content Michele Steinmetz Article content Article content Article content
