Frequently Asked Questions

How does Strise reduce risk and enhance project predictability?

When you connect to the AML Automation Cloud, you gain access to a proven track record of success, both in the functionality of the AMLAutomation Cloud itself and in the execution of implementation projects. We adhere to industry standards, ensuring reliability and consistency, thereby reducing risk and enhancing project predictability.

What kind of support does Strise offer for implementation?

Strise provides comprehensive training and support during the short implementation process, ensuring smooth adoption and operation of the AML Automation Cloud. This support helps your team get up to speed quickly and effectively.

What is the Time-to-Value benefit of using Strise’s AML Automation Cloud?

By leveraging a ready-to-deploy solution and robust API, Strise customers can swiftly integrate and automate their AML processes, saving valuable time. This allows them to meet regulatory deadlines and focus on strategic initiatives with fewer resources required for integration.

How does Strise handle data security and privacy?

Strise adheres to stringent security and compliance standards to protect your data. The system ensures that all data is managed securely and in compliance with relevant regulations. Visit our Security trust centre for more.

Can Strise’s AML Automation Cloud integrate with existing systems?

Yes, our API facilitates direct integration with existing systems, providing refined Strise insights without the burden of managing extensive datasets. This integration maximizes the benefits while simplifying data management.

How does Strise ensure resource efficiency?

Strise minimizes the need for dedicated personnel such as data engineers and QA specialists by providing a unified data input instead of multiple sources. This maximizes efficiency and reduces the necessity for specialized staff.

Is there a limit to how many data sources Strise Review can handle?

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Is Strise Review just for companies or can you review private individuals?

This is an accordion, which is commonly used in web design to present information in a compact and organised manner. An accordion typically consists of a series of collapsible sections, or panels, that can be expanded or collapsed with a click or tap, allowing users to easily toggle between different sections of content. This UI pattern is especially useful for displaying a large amount of information on a single page, while still maintaining a clean and intuitive user interface. Accordion elements can be found in a variety of contexts, from product descriptions on e-commerce sites to FAQs on customer support pages.

How does Strise Review handle inconsistencies in existing data across sources?

This is an accordion, which is commonly used in web design to present information in a compact and organised manner. An accordion typically consists of a series of collapsible sections, or panels, that can be expanded or collapsed with a click or tap, allowing users to easily toggle between different sections of content. This UI pattern is especially useful for displaying a large amount of information on a single page, while still maintaining a clean and intuitive user interface. Accordion elements can be found in a variety of contexts, from product descriptions on e-commerce sites to FAQs on customer support pages.

How accurate are the reports generated by Strise Review?

This is an accordion, which is commonly used in web design to present information in a compact and organised manner. An accordion typically consists of a series of collapsible sections, or panels, that can be expanded or collapsed with a click or tap, allowing users to easily toggle between different sections of content. This UI pattern is especially useful for displaying a large amount of information on a single page, while still maintaining a clean and intuitive user interface. Accordion elements can be found in a variety of contexts, from product descriptions on e-commerce sites to FAQs on customer support pages.

Can Strise seamlessly integrate with both external and internally-developed applications?

This is an accordion, which is commonly used in web design to present information in a compact and organised manner. An accordion typically consists of a series of collapsible sections, or panels, that can be expanded or collapsed with a click or tap, allowing users to easily toggle between different sections of content. This UI pattern is especially useful for displaying a large amount of information on a single page, while still maintaining a clean and intuitive user interface. Accordion elements can be found in a variety of contexts, from product descriptions on e-commerce sites to FAQs on customer support pages.

How customisable is Strise to accommodate each customer's unique requirements?

This is an accordion, which is commonly used in web design to present information in a compact and organised manner. An accordion typically consists of a series of collapsible sections, or panels, that can be expanded or collapsed with a click or tap, allowing users to easily toggle between different sections of content. This UI pattern is especially useful for displaying a large amount of information on a single page, while still maintaining a clean and intuitive user interface. Accordion elements can be found in a variety of contexts, from product descriptions on e-commerce sites to FAQs on customer support pages.

How compatible is Strise with in-house onboarding systems (front end)?

This is an accordion, which is commonly used in web design to present information in a compact and organised manner. An accordion typically consists of a series of collapsible sections, or panels, that can be expanded or collapsed with a click or tap, allowing users to easily toggle between different sections of content. This UI pattern is especially useful for displaying a large amount of information on a single page, while still maintaining a clean and intuitive user interface. Accordion elements can be found in a variety of contexts, from product descriptions on e-commerce sites to FAQs on customer support pages.

Does Strise provide API documentation?

Yes, API documentation is available, detailing integration, data synchronization, and notifications.

How can Strise be integrated?

Strise can be integrated through its SaaS platform and APIs, facilitating seamless interaction with its data layer for various AML processes.

What makes Strise unique?

For a regulated company to effectively tackle AML, it is essential to address two critical aspects: the 'data problem' and the 'workflow problem.'

Strise is unique in addressing both in a single system. It offers an end-to-end AML Automation Cloud that addresses both the data and workflow problems, and by doing so, Strise contributes to a more streamlined, effective, and error-free AML process for regulated companies.

The 'data problem' involves collecting and validating real-time customer data during the different AML stages and reducing the number of false positives. Many competitors offer this data but fail at providing an excellent workflow that brings together this data. This gap often forces regulated companies to rely on different systems from several providers, complicating the KYC/KYB and AML processes and making them error-prone.

On the other hand, the 'workflow problem' relates to automating and optimising the task flow for front-line workers in regulated companies. While some competitors tackle this workflow and accompanying case management, they often fail to address real-time data collection issues efficiently.

The results of our unique approach speak for themselves. Strise customers report 90% faster customer due diligence and software cost reductions of up to 30%, reflecting the efficiency and ease of the Strise system.

It's evident that solving the data problem greatly optimises workflow and vice versa.

What is the role of Graph Models in Strise?

Our advanced graph models help Strise map real-world relationships between people, businesses, locations, and other important factors. By understanding these connections, Strise creates a dynamic, evolving picture that continuously updates with the most crucial information. This gives you a comprehensive view, allowing you to make more informed and effective decisions when assessing customer risk or verifying customers.

What is the role of Entity Resolution in pKYC/pKYB?

Strise's entity resolution capabilities are crucial. It resolves whether multiple data records are referencing the same real-world entity. This helps our customers create a single, unique entity by connecting disparate data points from various sources.

What is the role of Graph Models in pKYC/pKYB?

Our advanced graph models help Strise map real-world relationships between people, businesses, locations, and other important factors. By understanding these connections, Strise creates a dynamic, evolving picture that continuously updates with the most crucial information. This gives you a comprehensive view, allowing you to make more informed and effective decisions when assessing customer risk or verifying customers.

How does pKYC/pKYB differ from periodic customer reviews?

In a pKYC/pKYB model, key events and changes about customers are continuously monitored across various sources, creating real-time digital customer profiles. This event-driven approach is more efficient and risk-effective compared to periodic customer reviews that are outdated from the moment they're finalized.

What is pKYC/pKYB?

Perpetual Know Your Customer/Business (pKYC/pKYB) refers to continuous monitoring of an individual or business to assess their risk profile. Unlike traditional KYC/KYB processes, pKYC/pKYB is an event-driven approach that uses intelligent data-driven insights and automation for increased efficiency and effectiveness.

What companies and industries can benefit from Strise?

Typically, it is industries such as: Banking & Finance, Fintech, Legal, Real Estate, Telecommunications, Supply Chain & Logistics, E-commerce, Online marketplaces, and Insurance.

Remember, any industry can benefit from Strise AML Automation Cloud to ensure compliance, mitigate risks, and maintain the integrity of their operations.

Can you perform PEP checks in Strise?

Yes, Strise automatically puts PEP checks into a workflow, driving higher levels of compliance with more data on who to check while simplifying a manual process with potential for human error.

PEPs are just one of many regulatory required sources that Strise organises into your customer portfolio, giving the most holistic view across all required information at all times.

Does Strise have UBOs and Individuals with Significant Control (ISC) data?

Yes, Strise gives an instant and complete overview of owners and the risks associated with each person and their network provides a revolutionary understanding compared to single company and people searches.

Strise automatically calculates ownership and voting power even in complex structures to list all UBOs and alternative UBOs.

Does Strise provide insights for sales and retention?

Yes, Strise automatically serves relevant sales opportunities to you - based on your portfolio and preferences - from the first login, saving significant research time. Sales triggers and insights are automatically connected to companies to guide your next commercial move.

Deep financial filters help you pinpoint your exact target market, showing prospects based on specific financial metrics or financial instruments that you can out-compete.

Does Strise have credit, financial & collateral data?

Yes, with Strise all teams have access to updated credit scores, collateral, payment remarks, and key financials at any given time, creating one source of truth for everyone.

Can you do Adverse Media Screening (AMS) in Strise?

Yes, Strise has the industry's most comprehensive Adverse Media Screening. With real-time information from 250.000+  sources, Strise allows you to control and prioritize what's most important to see about your customers at any time.

Can Strise be used to review both companies and private individuals?

Strise solves both use cases. KYC (Know Your Customer) and KYB (Know Your Business)

Do you support Single Sign-On (SSO)?

Yes, Strise can be configured to use Single Sign-On (SSO).

Does Strise have international data?

Yes, we support global coverage of ownership, PEPs, and Sanctions.