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.

Why AML practices are crucial in the legal sector. Law firms manage massive global transactions. Think M&As, real estate deals, and corporate setups. But where money moves, risk follows. In this re-spin of 🔴 The Laundry, Marit Rødevand is joined by Bruno Edenogie, Head of EU Compliance at Orrick, Herrington & Sutcliffe LLP. Together, they unpack: - Why AML practices are crucial in the legal sector. - The challenges of managing high-risk clients and sanctioned individuals. - The cultural shift towards compliance-first thinking in law firms. As Bruno puts it: “If you get AML wrong, the fallout is personal, organisational, and industry-wide.” The ethical and regulatory stakes haven’t changed, and neither has the value of this discussion.

In the final episode of The Laundry Podcast this year, we unpacked the biggest trends, the most shocking cases, and the lessons that will shape financial crime prevention in 2025. Here are three key takeaways: 1️⃣ AMLA: The EU’s bold step to harmonise AM The new European Anti-Money Laundering Authority (AMLA) is set to centralise supervision and enforcement across the EU. By tackling inconsistent national approaches, AMLA aims to address weak links that criminals exploit. The challenge lies in starting with a limited budget (€92M) and building credibility fast. Tech and data will be crucial for AMLA to deliver impact. 2️⃣ Deepfake scams are no longer Sci-Fi A finance worker in Hong Kong was tricked into paying out $25 million during a Zoom call featuring deepfake versions of their colleagues. AI tools are evolving faster than our defences, making employee training and vigilance critical. Key learning: Technology alone can’t solve this. Human intuition, verification protocols, and awareness training are essential. 3️⃣ APP Fraud – shifting accountability The UK’s new rules requiring banks to refund victims up to £85,000 are a step in the right direction. But will this be enough to curb fraud when criminals adapt so quickly? The bigger question: Should social media platforms also be held accountable for scams originating on their sites? These stories are a wake-up call for the financial crime community to work smarter, collaborate better, and embrace technology to stay ahead of increasingly sophisticated threats. 🎧 Listen to the full episode for more on these cases and insights from Jesal Punjani (Plenitude Consulting) and Neil Donovan (Ashurst) What do you think were the financial crime stories that shaped 2024?

Financial crime doesn’t happen in isolation. It thrives because of professional enablers, the lawyers, accountants, real estate agents, and others who provide the tools for criminals to launder money, dodge sanctions, and conceal their profits. In this week’s episode of 🔴 The Laundry, we tackled a critical question: How do we stop the enablers of financial crime? Some key takeaways: - Enablers often operate in plain sight. It’s not just rogue players. Some are "trusted" professionals bending the rules for lucrative payouts. - The regulatory landscape has gaps. Many jurisdictions still don’t require professionals to report suspicious activity, creating blind spots that criminals exploit. - Global solutions hold promise. Imagine a universal registry of beneficial ownership or a global asset database. It could transform the fight against financial crime by removing the places to hide. Featuring expert insights from Maíra Martini of Transparency International and Kristin Nordland Brattli of Wikborg Rein, this episode is packed with real-world examples and actionable ideas for tackling this issue head-on. Check out the latest episode on your favourite podcast platform! 😊 #AML #Compliance #Financialcrime #KYB #KYC / Marit Rødevand / Robin Lycka / Fredrik Riiser

Everything you need to know about UBOs On the latest episode of 🔴 The Laundry, we dove into the murky world of UBO discovery, unraveling the true ownership behind companies. Spoiler: it’s rarely straightforward. Here’s what we uncovered 👇 UBO discovery is foundational for AML compliance, yet the tools and processes haven’t kept up. Many teams still rely on manual workflows, wasting precious time on simple cases while complex ones slip by. Ownership structures are getting more complex. Sanctioned entities and kleptocrats use trusts, family proxies, and multi-jurisdictional setups to obscure their control. Public registries? Fragmented and incomplete. Compliance teams can’t rely on self-reported data alone. 🎙️ What we explored: - The disconnect between public registries and AML laws. - Why manual processes no longer cut it. - How AI and better data-sharing can transform UBO mapping for good. - The future of UBO discovery is collaborative. Public and private sectors need to work together, leveraging technology to create transparency and reduce risk. Tune in to the full episode to hear insights from The Laundry team and real-world stories of UBO discovery in action. #UBO #AML #Compliance #KYB #KYC / Marit Rødevand / Fredrik Riiser / Robin Lycka

We’re still buzzing from that incredible evening! 🔥 One standout moment was Bradley Hope’s unforgettable keynote. In this week's episode of The Laundry Podcast, recorded live at the Ministry of Sound, investigative journalist Bradley Hope unpacks one of the most audacious frauds in history. 🤯 What started as a sovereign wealth fund to boost Malaysia’s economy became a $13 billion heist that left institutions and governments grappling with uncomfortable truths. Here’s why this story matters for every compliance professional: 1: Big frauds exploit our assumptions. Jho Low transferred billions through legitimate banking systems. Why did it work? Because the sheer scale made it hard to believe it was fraud. 2: Red flags only work if we act on them. From strange transfers to odd banking choices, there were warnings. But incentives to look the other way were too strong. 3: Financial crime is global—and interconnected. From stolen billions funding Hollywood films (Wolf of Wall Street) to influencing global politics, the ripple effects of fraud go far beyond the balance sheet. The takeaway? Fraudsters thrive on complacency and a lack of critical thinking. This case is a stark reminder: diligence and skepticism are essential in the fight against financial crime. Let’s make our systems harder to exploit and our teams more vigilant. Tune in to this week’s episode of The Laundry for the full story, insights, and lessons from Bradley Hope. #AML #Compliance #Fraud #Financialcrime / Marit Rødevand / Fredrik Riiser / Robin Lycka

KLP, one of Norway's largest pension fund managers, is now a Strise customer! 🎉 By connecting to Strise’s AML Automation Cloud, KLP can now better manage its AML data processes and streamline workflows, allowing analysts to spend less time on repetitive tasks and focus more on critical decision-making. As Thomas Nielsen, SVP of Financial Crime at KLP, says it best: "The solution provided by Strise, in combination with Stacc will enable KLP to manage customer measures more efficiently and in a more streamlined manner. Additionally, the goal is to improve the customer experience through more effective information sharing and reuse of customer data across the company. This solution will also help automate processes that were previously partially manual." We can't wait to get started with Marianne Høglo, Thomas Nielsen and the awesome team at KLP!

With Trump back in office, what does this mean for AML and financial crime enforcement? 🤔 Our latest episode of 🔴 The Laundry, hosted by Marit Rødevand, features investigative journalist and author Oliver Bullough for a no-holds-barred discussion on the future of global transparency and financial regulation. Episode highlights: 1️⃣ U.S. power & AML leadership As the U.S. sets the global AML tone, Trump’s lack of focus on financial crime could weaken enforcement, potentially giving corrupt actors an open path. 2️⃣ Crypto's influence on dark money With crypto supporters energised by Trump’s win, we’re seeing a rapid rise in Bitcoin and other coins used in trade-based money laundering. Crypto may increasingly act as a vehicle for moving value across borders—outside formal financial systems. 3️⃣ The transparency dilemma Billionaire backers, including tech giants, have little interest in financial transparency, and their influence could signal setbacks for key transparency initiatives. Oliver explains how this is likely to enable even more opaque corporate structures to hide assets and dodge regulations. 4️⃣ Silver lining? Tough talk could shake up tax havens Trump’s disregard for diplomatic niceties may mean a shift to stronger sanctions on high-profile money-laundering centers. Could this be a wake-up call for global financial reform? Listen to this episode of The Laundry to unpack the realities of a new Trump term for AML, dark money, and the future of financial crime. Tune in on your favourite podcast platform and stay with us as we bring clarity to these complex issues. #AML #KYC #Compliance #Financialcrime

Got FOMO from missing what went down at the Ministry of Sound last week? Now you've got the chance to catch up. The full live podcast episode dropped today. And this is what went down 👇 🔍 Box-ticking vs. true crime fighting: Our AML Megaminds report got real about the compliance industry’s biggest hurdle: Are we too busy checking boxes to actually stop criminals? Panellists like Mitch (Munish) Trehan, Chloe Cina, and Jessica Cath didn’t hold back. Their message? It’s time to reimagine compliance culture and fight financial crime with a fresh approach. 💥 Sanctions - a double-edged sword? Chloe Cina, sanctions expert and RUSI fellow, reminded us that sanctions are more than just political tools, they’re lifelines for those affected by conflict. Yet, every new sanctions package presents both a challenge and a blueprint for criminals to find new ways around the system. Keeping up is crucial, but so is understanding the real impact behind the policies. 🤖 The AI dilemma: AI hasn’t solved financial crime, but it’s here to stay. The panel debated whether AI is more helpful to criminals than the industry. While AI can boost compliance, it can’t do everything. Mitch, Jess, and Chloe agreed: the future of AI in AML is bright, but only if we’re prepared to stay one step ahead. Seeing so many passionate professionals come together was a testament to the strength of the fincrime community. 🙌 Big thanks to all who joined us and shared insights, stories, and their passion for real change in AML. ❤️ Ready to listen? Dive in and discover what went down! Allica Bank / Centre for Finance and Security (CFS) at RUSI / Thistle Initiatives / Marit Rødevand / #AML / #Compliance / #KYC #Financialcrime

Excited to announce our partnership Stacc🤝 Financial crime is a global challenge, fueling terrorism, corruption, and organised crime. Together, we’re bringing groundbreaking innovation to the fight. By combining Strise’s advanced data model with Stacc’s AML & KYC Management expertise, we’re equipping financial institutions with tools to make a real impact. Strise’s AML Automation Cloud will now deliver analyst-ready data directly into Stacc’s AML & KYC Portal through seamless API integration. This collaboration empowers Stacc customers with proactive AML insights, enabling faster, more informed decisions. Together, we’re enhancing the efficiency of AML teams by cutting down on manual tasks and focusing on what matters: reducing financial crime. This isn’t just about compliance, it’s about addressing the root of a global crisis with smarter, collaborative solutions. With unified data and seamless workflows, we’re helping financial institutions combat financial crime effectively. A big thank you to Philip Røer and the team at Stacc. We’re excited to create meaningful change together ☺️