Strise

We're thrilled to share an inspiring customer success story featuring Vipps MobilePay and Strise! The AML landscape has significantly changed and to keep up with the demand for efficient onboarding solutions, if you're not utilising technology to your benefit, you're missing out on the game-changer automation offers. Vipps MobilePay, the leading Nordic mobile payment solution, were looking to streamline how they onboard their customers (12 million to date) while maintaining the highest standard of compliance. That's where Strise came in. 🌟 Challenge: Vipps MobilePay needed a robust, scalable platform to manage customer data, enhance compliance processes, and ensure seamless transactions across multiple regions. 🌟 Solution: By partnering with Strise, they leveraged advanced automation technology to transform their data management and compliance workflows. Strise’s platform provided Vipps Mobile Pay with 👉 👉 A single source of truth for all customer data, eliminating the need for multiple platforms 👉 Seamless automation of the onboarding process for standard risk customers, allowing teams to focus on high-risk customers 👉 Automated compliance checks, ensuring regulatory requirements are met effortlessly 🌟 Outcome: The collaboration resulted in remarkable improvements driven by automation: Reduction in manual compliance tasks through automation. Faster customer onboarding process due to automated workflows. 🔍 Key Takeaway: Strise's automated platform empowers companies like Vipps MobilePay to innovate and thrive in a competitive market. The collaboration with Strise is a testament to how automation can drive growth and efficiency. We are proud to be a part of this journey and look forward to many more success stories! ▶️ Watch the full interview with Vipps MobilePay's Chief Risk and Compliance Officer Silke Oeverby straight from their HQ in Bjørvika.

Our sanctions research made it to The Independent 😮 In the latest episode of The Laundry, Robin and I showed how easy it is to get ChatGPT to teach us how to evade sanctions. The results where shockingly good. We got ideas on everything from how to obscure dual use goods to which regions and freight forwarding networks to use - GPT even asked us if we wanted to be put in contact with these networks! While it didn’t complete that task for us, it’s not hard to imagine a future where we have AI agents who can. With AI, I could in the future run a criminal empire from the voice on my phone. But AI can be used for good. Its urgent for banks and financial institutions to start adopting new AI solutions too!

Are sanctions working? 40% of experts think not. According to our recent AML Megaminds report, 40% of experts believe that sanctions are not effectively working. This pressing concern sets the stage for this weeks episode of 🔴 The Laundry, where we explore how global sanctions on Russia are reshaping trade, compliance, and international economies. Hosted by Robin Lycka, the discussion with Professor Erica Marat uncovered some eye-opening realities. 👀 Sanctions aren't enough: While the West has imposed unprecedented sanctions on Russia, neighbouring countries like Kazakhstan and Georgia have become key players in evading these measures. Sanctions alone can't cripple an economy—alternative networks will always emerge. The rise of legal smuggling: Informal trade networks are booming, with legitimate businesses acting as intermediaries, funnelling Western goods into Russia. These entrepreneurs are making a fortune, and the goods are often dual-use—think microchips in consumer products that could power military technology. Sanctions fatigue is real: Many companies and regulated entities are struggling to keep up with the complexity of enforcement. False positives, manual checks, and lack of clarity on end destinations are causing compliance burnout. Due diligence isn't optional: As compliance risks grow, so does the need for robust due diligence. Companies must pay closer attention to their partners in regions like Central Asia, the South Caucasus, and even China. Increased transparency is the only way to mitigate the reputational risks of inadvertently aiding sanctions evasion. The long game: Compliance isn't a short-term solution. Sanctions will continue to evolve, and so must the strategies to enforce them. It's about preparing now to avoid costly mistakes later. 🎧 Catch the full episode podcast on your favourite podcast platform to learn more about how sanctions are shaping global compliance.

Nick Portalski, our Chief Solutions and Security Officer had the pleasure of joining The Laundry podcast with Fredrik Riiser from Strise, diving into all things transaction screening and AML compliance. Here are a few of the key points we covered: 1️⃣ Transaction Screening: Quick, Real-Time Decisions Think of it like stopping a payment at the last second—it’s all about identifying red flags right now. It’s not the same as transaction monitoring, which looks at patterns over time. 2️⃣ The Problem with Over-Screening Many institutions are running the same transaction through multiple screening layers, leading to false positives. We need to focus on screening smarter, not harder. Fewer false positives means fewer manual reviews and faster approvals. 3️⃣ Cross-Border Payments Are a Growing Challenge Real-time payments across different countries mean navigating a web of regulations. Simplifying this process with standardised screening practices is crucial for the future. We’re at the tipping point where tech, regulation, and compliance must come together in a smarter way. Check it out here 🎧 https://hubs.li/Q02RZ3PL0

Everything you need to know about transaction screening 🔍 We've just dropped the latest episode of 🔴 The Laundry podcast, which is packed with insights on this topic. And here are some of the top takeaways from our deep dive into Transaction Screening with the brilliant Nick Portalski, Chief Solutions & Security Officer at Strise partner Napier AI: Over-screening is real Banks often screen the same transaction multiple times as it moves across borders. The future? Streamlining this process to screen only once while ensuring compliance across different regulations. AI to the rescue Nick shared how AI is learning from compliance officers to make faster decisions, reducing manual reviews and false positives. Imagine screening becoming as fast as instant payments—it's closer than you think. Cross-corder complexity Real-time payments across different countries? A regulatory and screening nightmare. We're working towards a future where global consistency will make cross-border screening smoother and faster. Want to stay ahead? Understand your organisation's risk appetite and compliance obligations. The technology is there, but your success depends on knowing where to focus your efforts. The episode is out on all podcast platforms now! Enjoy! 😊

The Swedbank money laundering scandal: What happens when the truth catches up to the C-suite? In our latest episode of 🔴 The Laundry, we explore the Swedbank money laundering scandal and the unprecedented conviction of its former CEO, Birgitte Bonnesen. We are joined Axel Gordh Humlesjö, investigative reporter at SVT, who uncovered this corruption through his work on ‘Uppdrag Granskning’! This isn’t just another compliance case—this is about what happens when a financial institution’s most senior leaders are held responsible for their actions. Here are 3 lessons that stood out to us: 1️⃣ Denial Can Be Disastrous Bonnesen’s public denial of Swedbank’s involvement in money laundering, despite knowing the truth, exacerbated the situation and led to her downfall. The lesson here is that denying or downplaying issues only compounds the consequences. 2️⃣ Internal voices matter This case would never have come to light without brave insiders who flagged suspicious activity. Their courage shows just how important internal compliance teams and whistleblowers are in preventing financial crime. 3️⃣ The Role of Technology in Uncovering Financial Crime Advanced investigative tools and data analysis played a significant role in exposing the extent of Swedbank’s involvement. This underscores the growing importance of technology in identifying and combating money laundering. This episode is a wake-up call for anyone in the financial sector.

The Laundry Live is back in London 🇬🇧 An AML event you don't want to miss.

🚨 Financial crime on Telegram is a growing threat compliance teams can’t ignore 🚨 Our latest episode of 🔴 The Laundry dives into a pressing issue—how platforms like Telegram have become hubs for everything from KYC/AML fraud to crypto scams, and even AI-generated fake IDs. 🔍 Did you know? Finding illegal activity on Telegram is as simple as searching a few keywords in public groups or channels. It’s not the encrypted fortress most people assume. From fraud to money laundering, criminals openly operate in these spaces. With #PavelDurov's arrest questions are swirling: Will this lead to tighter moderation on Telegram? Or will criminals just move elsewhere? Key takeaways from the episode with guest Ari B. CEO, of Telemetry: 💡Public but Dangerous: Telegram’s public groups use client-server encryption, meaning the platform can see data. But criminals still find it easier to operate here than on more technical dark web platforms. 💡A Criminal Ecosystem: Everything from insider threats to food stamp fraud is being sold openly. It’s shockingly simple to get involved in financial crime—less than 5 minutes in some cases. 💡What Compliance Teams Must Do: If you're not actively monitoring platforms like Telegram, you're missing out on key financial crime activity. Awareness is your first line of defense. For more on how to stay ahead of these threats, listen to the full episode on 🔴 The Laundry. 🎧 Listen now: https://lnkd.in/eWSeYeuq #FinancialCrime #AML #Compliance #Telegram #CryptoScams #Strise

This is huge for us at Strise! We’re excited to announce that PwC has joined the Strise family as a customer! Read the full article in The Paypers: https://lnkd.in/dHsZAz_3 This is exciting for several reasons. First, it's an incredibly strong and respected brand. Secondly, this marks a new vertical for us, as PwC Norway is our first customer in the professional services space. By selecting Strise to automate their AML processes, PwC Norway is set to significantly reduce manual work and streamline their workflows. With Strise's AML Automation Cloud, they’ll save countless hours from day one, all while ensuring compliance across their operations. This is a testament to how Strise’s technology is empowering companies to tackle financial crime in smarter, more efficient ways.

🚨 New Season Alert! 🚨 We’re excited to share our latest The Laundry episode featuring Emma Hagan, soon-to-be UK CEO of ClearBank! Emma breaks down the highs and challenges of obtaining a banking licence and how compliance teams need to be more agile than ever. 💡 Here are the Top 5 Learnings from the episode: 1️⃣ It’s not just about ticking boxes – A successful application requires a cohesive strategy that ties everything together. 2️⃣ Own the process – While advisors are helpful, taking full ownership of your submission is critical for long-term success. 3️⃣ New firms are prime targets – Newly licensed banks are often seen as weak points by criminals, so vigilance is key. 🔒 4️⃣ Compliance must scale fast – What works on Day 1 may not be enough by Day 365. Agility is essential for growth. 📈 5️⃣ Regulators need to keep up – With innovative business models emerging, regulators must be flexible and open to new approaches. This episode is packed with insights for anyone navigating the complex world of banking compliance. Don’t miss out! 🎧 Listen and share your thoughts with us. #FinancialCrime #Compliance #Banking #Leadership #Podcast #TheLaundry #ClearBank