The effort comes under the umbrella of what the government technology provider calls the Ascend Institute Regulatory Transformation Framework.
Described in a statement as “a holistic regulatory improvement program,” the offering includes the Ascend Institute Regulatory Effectiveness (AIRE) Index, a self-assessment tool via which users can “examine and score their regulatory functions and organizational management capabilities.”
More specifically, this new Thentia tech can enable review of regulatory and management functions, guide strategic and transformation goals, help shape delivery of better regulatory outcomes and provide the benchmarking of results and comparison of scores with peers, according to the statement.
“While all regulators are focused on delivering regulatory outcomes that improve public protection, how they measure and report on their success varies widely,” said Julian Cardarelli, Thentia CEO, in that statement. “The AIRE Index is a simple tool that changes that by giving regulators a standardized way of calculating their capacity to deliver effective regulatory outcomes and their readiness for digital transformation.”
Ascend Institute is a nonprofit push to enhance “global regulatory capabilities,” according to the statement. The company hopes its new tool will help users determine if they have the digital infrastructure, tools and training to deliver better regulatory outcomes.
In 2022 the company launched Ascend magazine, describing it at the time as “a must-read publication for regulators that provides critical insight into the world of regulation and digital government, as well as commentary from established regulatory leaders.”
The move came as Thentia raised $10 million to help fund U.S. expansion.
