Strise

Strise is a Norwegian technology company that offers an automated anti-money laundering (AML) and know-your-customer (KYC) intelligence platform. The company's system combines a robust knowledge graph with AI, natural language processing (NLP), and network data to provide regulated organizations with intelligent insights. These insights simplify customer onboarding, enable the implementation of smart risk-based AML processes, and offer real-time, comprehensive KYC and know-your-business (KYB) checks through perpetual customer monitoring. 

Strise's platform helps banks, FinTechs, and other regulated companies automate compliance procedures, increasing operational efficiency while reducing regulatory risk at a rate claimed to be 100x faster than traditional methods. According to the company, its existing customers, including major Nordic banks and payment services, have reported a 90% reduction in diligence time and a 30% cost saving since implementing the system. 

In addition to its core AML and KYC offerings, Strise launched "Strise Global" in November 2022, a product for counterparty due diligence and global sanctions checks. 

As of March 2024, the company claimed to have analyzed over one billion companies and individuals, with data collected from over 200,000 sources. 

Key customers and partnerships 

Strise has established a strong presence in the Nordic finance sector, with 70% of the region's top-tier banks using its services as of September 2023. Major Nordic banks such as Nordea, Handelsbanken, and Vipps MobilePay, one of Europe's largest bank-owned mobile payment providers, are among Strise's earliest customers.

Beyond the Nordics, the company has partnered with US-based law firm Orrick and global professional services company EY in the UK, which were among the first companies to join Strise's Early Access Program in the UK market.