Founded in 2019, Strise automates risk management with AI. Its platform supports compliance teams by integrating data collection, workflow automation, and real-time monitoring to facilitate customer due diligence and onboarding.
Their is very well desgined from UX/UI stadnpoint.
Provides region-specific, up-to-date AML data, which helps users stay compliant with current regulations.
Connects disparate data, streamlining AML processes and cutting down the need for multiple vendor agreements.
It brings together different data, making AML processes easier and reducing the need for multiple vendor contracts.
Offers customisable AML automation tools that are user-friendly, allowing for easy data edits and additions
Weaknesses
Relying on external sources may introduce inconsistencies or delays in data accuracy.
Heavily depends on existing systems, integrating Strise’s solutions might require significant time, effort and cost of implementation, can be challenging for smaller firms.
Strise successfully raised a total of €15.4 million across five funding rounds, with its latest Series A round achieving €10 million on September 6, 2023.