Strise provides an AML automation platform that utilizes AI and graph models to streamline customer due diligence processes, significantly reducing onboarding time from hours to minutes. By consolidating multiple tools into a single solution, Strise enhances risk assessment accuracy and lowers false positive rates by over 30.
Funding
$15.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face increasing pressure to comply with Anti-Money Laundering (AML) regulations, leading to complex and time-consuming customer due diligence processes. Traditional AML workflows often involve multiple disparate tools, resulting in inefficiencies, high operational costs, and potential compliance gaps. The need for accurate risk assessment and continuous monitoring adds further strain on resources and increases the risk of financial crime.
Solution
Strise offers an AML automation cloud that streamlines and centralizes customer due diligence, reducing onboarding time and improving risk assessment accuracy. The platform consolidates multiple AML tools into a single interface, leveraging AI and graph models to uncover hidden connections and risky patterns within customer networks. Strise automates data collection, analysis, and reporting, providing audit-proof documentation and enabling a risk-based approach to compliance. Perpetual monitoring ensures ongoing due diligence, flagging essential changes in customer profiles and allowing teams to focus on high-risk scenarios.
Target Audience
Strise primarily targets financial institutions, including banks, payment service providers, insurance companies, and legal firms, that are subject to stringent AML regulations and require efficient, accurate customer due diligence processes.
Features
- AI-powered entity resolution to accurately identify and verify customers
- Graph database to visualize and analyze complex relationships between entities
- Automated KYC/KYB onboarding with real-time data from global sources
- Perpetual monitoring for continuous risk assessment and compliance
- Customizable risk scoring and alerting based on individual customer profiles
- Audit-proof reporting with complete documentation of due diligence processes
- Secure, SOC 2 certified environment with GDPR compliance
- API for seamless integration with existing systems