Strise is a Norwegian company specializing in Anti-Money Laundering (AML) automation solutions. Their platform leverages artificial intelligence to streamline compliance processes, enabling financial institutions to detect and prevent financial crimes more efficiently.
The Solutions Strise Provides
Strise offers a comprehensive suite of AML tools designed to enhance compliance operations:
- AML Automation Cloud: Provides a future-proof infrastructure for AML processes, allowing teams to focus on core business activities.
- Intelligent APIs: Facilitate end-to-end AML process automation, integrating seamlessly with existing systems.
- KYC and KYB Onboarding: Automates Know Your Customer (KYC) and Know Your Business (KYB) processes, reducing due diligence time by up to 90%.
The Type of Customers Strise Works With
Strise primarily serves financial institutions and fintech companies seeking to enhance their AML operations with AI-driven solutions. Their clientele includes:
- Banks: Such as Sparebanken Vest and BN Bank, utilizing Strise to improve AML data sourcing and reduce false positives.
- Insurance Companies: Employing Strise’s solutions for efficient underwriting verification and ongoing due diligence.
- Professional Services Firms: Like PwC Norway, which selected Strise to automate AML processes and reduce manual work.
What Sets Strise Apart
Several factors distinguish Strise in the AML solutions market:
- AI-Powered Automation: Utilizes advanced AI and graph models to unify relevant AML data, revealing intricate connections and risky patterns.
- Efficiency Gains: Clients report significant reductions in due diligence time and software costs, with some achieving up to 90% faster onboarding.
- Comprehensive Data Integration: Sources and triangulates region-specific data from third-party providers, presenting it in an analyst-ready format to streamline workflows.
- Scalability and Flexibility: Offers modular solutions designed for fast deployment, meeting current and future AML compliance demands.
By focusing on these areas, Strise enables organizations to transform AML compliance from a costly burden into an automated, efficient process.
