KLP joins the growing list of financial institutions connecting with Strise's AML Automation Cloud

Oslo, 13 November – Strise, an Anti-Money Laundering (AML) automation company, announces that KLP, one of Norway's largest pension fund managers, is now a customer.

KLP will implement Strise’s solutions together with Stacc to enhance AML processes. This will help KLP manage customer measures more efficiently and reduce manual work.

Benefits of the collaboration

• Improved AML data processes – By connecting to Strise’s AML Automation Cloud, KLP can unify relevant AML data into one up-to-date system.
• Workflow efficiency – Analysts will spend less time on repetitive tasks and more on decision-making.
• Risk reduction – Strise’s AI and graph models support better workflow management and data accuracy.

Leadership statements

Marit Rødevand, CEO and co-founder of Strise:

“We are thrilled to have KLP as a customer. They are one of Norway’s most respected financial institutions, and KLP is also our first public sector client. Their commitment to operational excellence aligns perfectly with our mission to fight financial crime through innovative technology.”

Thomas Nielsen, SVP of Financial Crime at KLP:

“The solution from Strise, in combination with Stacc, will help manage customer measures more efficiently and improve customer experience. It will automate processes that were previously partially manual and allow better reuse of customer data across the company.”

Context and growth

This collaboration follows Strise’s recent partnerships with Storebrand, Vipps MobilePay, and PwC.

Since raising $10.8M in Series A funding led by Atomico in September 2023, Strise has:

• Grown to nearly 50 employees
• Expanded data capabilities to cover 1 billion international entities and 11 million private individuals

About KLP

• Name: Kommunal Landspensjonskasse
• Sector: Pension management for public sector employees
• Members: Over 900,000
• Assets under management: Over NOK 1,000 billion
• Employees: 1,000+
• Ownership: Municipal and healthcare employers; all profits returned to owners
• Website: www.klp.no

About Strise

Strise’s AML Automation Cloud provides:

• KYC and KYB
• Sanctions and politically exposed person (PEP) screening
• Ongoing due diligence
• Automated onboarding of retail and corporate clients

Impact metrics:

• 90% reduction in due diligence time (days to minutes)
• 30% cost reduction