Regulation and operational efficiency requirements are forcing a move away from traditional Periodic KYC checks towards real-time, event-based, and ongoing customer due diligence - also known as Continuous KYC.
One big challenge with KYC is the cost and complexity of ongoing maintenance and refresh of customer data, with updates often managed through periodic checks.
This inefficient periodic check process introduces several challenges along with enormous case review volumes.
With Strise we get a single source of truth and better infromation about our customers, which makes us a better bank
We save a lot of time per customer onboarding and have increased the quality significantly with Strise
Corporate AML and KYC teams are currently operating in a very cost-conscious environment, and Strise represents a considerable opportunity to reduce cost and increase efficiency.
With Strise, your organization can achieve Continuous KYC overnight and start the journey to a lower cost, more compliant, and a proactive future that will pay dividends in the short and long-term.
Strise gives your team the ability to monitor data change, enabling your organization to build the foundation for success.