Sanctions result: Managers, this one's for you!
Sometimes less is more, and sometimes more is more 🤔
The more feedback we gather from Strise users, the clearer it becomes that the ability to customise the data Strise fetches for its users remains one of the biggest reasons compliance teams choose Strise.
Team managers, with the latest update, you can now set the criteria for the sanctions that Strise matches. This means that instead of just casting out a wide net to see what Strise collects, you can tailor matches based on your company's specific risk policy. Simply put, it's giving you control over the parameters of sanctions flagged, rather than Strise making that default decision for you.
In Sanctions settings, you can adjust the percentages and experiment with the data results you see. Once you've selected the percentage you're happy with, the change will be reflected at the team level.
Data and workflows working together effectively — that's the Strise effect you can expect.
Mini demo: Ownership
The future is not AI. Okay, that was said for effect. But really it isn't. The future is AI in the hands of very smart people. While many of us might know that, it's still a common assumption we're working out of the AI zeitgeist.
At Strise, we aim to build tech that finds the perfect symbiosis between technology and human ingenuity. And if our customers feel empowered in their day-to-day jobs, that's where we know we've won.
You might have noticed two updates already this year about Strise's ownership feature, so why another one? While Strise's ultimate beneficial owner (UBO) maps are a hallmark of what makes our product so unique, they've needed constant improvement to land at the place we are now. With confidence we've eradicated the frustrations and pain points of working with ownership charts for our customers. They now have full access to unprecedented data but they have full autonomy to add, edit, delete or comment on that data. One update is automatically changed for the team, making workflows super, super simple and efficient.
This is definitely something that is better experienced by yourself so we've put together a 2-minute all-access demo that runs through all of Strise's ownership features.
👉 Try the ownership demo and enjoy!
New: Enhanced editing capabilities
Yes, yes, we realise it wasn't that long ago when we released our edit company ownership feature. And while most of Europe took a summer break, our team worked hard on significantly enhancing the editing capabilities of our UBO (Ultimate Beneficial Owner) maps.
Now, you can add comments when editing a company's owner. The comments will appear both in your Strise Review and the PDF report.
Solving even the tiniest pain point is top priority to us at Strise. We aim to listen closely to our customers and gather intel on how they're using Strise and what could be improved. Our product and tech teams then collaborate to find smart solutions to ease every step of the AML process. Tedious, manual AML processes are a thing of the past. We're delivering an AML intelligent system that is intuitive and effective.
We have a lot more to share about what we've been up to, watch this space.
Company ownership: Edit away!
Ain't nobody got time for outdated data 🥱
We've all heard some breaking news and reached for our phones to search Wikipedia for more about the person in question. It's expected that even if the news is minutes old, the entry will be updated. In fact, every two seconds someone is updating a Wikipedia page.
Ownership is pretty important at Strise. Our UBO maps are our signature feature for a reason. That's why it's imperative that our users should be able to amend and edit the ownership structures of a company the minute they get new information.
Strise's latest feature, Edit Ownership, does just that. Now you can make reliable and efficient edits to ownership information and have a centralised location for updating data; streamlining the process of ownership. Quick and accurate data management is key to making sound business decisions, especially with no loss to your workflow. Nice!
Automation: Less work, more Strise!
Strise Reviews have always onboarded new customers in a fraction of the speed it used to take. With a few clicks, you could fetch the PEP, Sanction and credit score of a company. But in the age of automation, that's 3 steps too many. With Strise's advanced data model, we knew we could do better 💯
Strise Reviews are now even more efficient! When you start a Strise Review, a pre-populated checklist is immediately filled with all the data you need to onboard and review a new customer. You simply get more information in less time. Not only is it just super fast and efficient, it gives you a complete picture of the customer you're reviewing. Automating these checks gives you more information than you might need but in turn, gives you a new standard for onboarding customers.
Add Strise's product update page to your RSS to keep up with the new ways we're automating the KYC process.
PEP & Sanctions Matching: Fewer false positives
Fewer false positives? Yes 🥳
Some of Strise's best features don't always make it to the top of an update page. But we want to let you now two reasons why a Strise search yields fewer false positives than any other search.
One of the latest Strise's latest update now extends filters for PEPs by full date of birth (if available), reducing the number of false positives when name and birth years identical. By leveraging full date of birth information, the Strise system can more accurately identify politically exposed people and prevent regulatory compliance issues.
We've also improved how we match subsets with regards to names. Many users received false positives when a the full names of potentially sanctioned people differed from list to list. This often happened if an individual's initial or middle name was, or wasn't, included in a sanction list. Strise takes care of those sneaky changes by being intelligent enough to know when initials or middle names are omitted.
UI: New Settings modal
There's been a bit of spring cleaning behind the scenes in the Strise system 🧼
You might've already noticed it but we're excited to announce that Settings has had a refresh.
Now taking up less space, the new Settings modal has been streamlined to provide you with an even more intuitive user experience. You'll find all of the same Settings options as before, only now, they're even easier to navigate and understand. Whatever tweaking you need to do to your account, the upgraded Settings modal makes it a lot easier to do.
Enjoy the new look and feel! Get in touch if there's anything else we can do to make your Strise experience even better.
Tech: Metadata in just one hover
Quick access to accurate information is crucial to making business decisions. Strise's latest update gives you more detailed information about why a company or person has been sanctioned 🔎
The data has always been available but now, we've just made it even more convenient by displaying the metadata as a hover view. Simply hover your cursor over the sanction alerts and you'll have immediate access to the detailed information you need, eliminating the need for tedious manual searching or sifting through endless pages.
The new feature is designed explicitly with our users' needs in mind, providing a user-friendly way to access detailed information quickly without compromising our platform's reliability and accuracy. Our goal is to make the process of accessing detailed sanction information as simple and efficient as possible, enabling you to focus on tasks that matter.
Sanctions can be complex, and Strise has been designed to simplify the entire process. We know that the more access you have to information, in the quickest way, will inform the decisions you make. In the end, those informed decisions put a stop to money laundering and fincrime attempts.