Anti-money laundering (AML) automation company, Strise has announced that it has signed PwC Norway, a Norwegian firm in the professional services network, as a new client. By adopting Strise’s AML Automation Cloud, PwC Norway is set to enhance its AML processes and save significant hours of manual work annually. This will reduce costs and ensure comprehensive compliance across its operations.
Streamlining workflows and reducing manual efforts, Strise’s AML Automation Cloud enables enterprises like PwC Norway to navigate AML compliance. By automating the sourcing and triangulation of AML data, it provides pre-populated, analyst-ready insights that enhance efficiency for the analyst teams.
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Strise aims to transform compliance teams into essential assets for organisations
PwC Norway’s teams will be able to improve processes such as AML data management, client onboarding and ongoing due diligence within the AML Automation Cloud. Strise simplifies operations by reducing the need for multiple data vendor agreements and various software tools, providing a central system for the organisation, from engagement teams conducting pre-screening to the risk and quality department managing full KYC.
Moreover, global financial crime costs banks around the world $2.1trn each year. The banks have only kept up by allocating ever-increasing resources to performing manual processes, an approach that is simply no longer scalable.
Marit Rødevand, CEO and co-founder of Strise, said: “Securing PwC Norway as a client is a tremendous achievement for Strise. The Strise AML Automation Cloud is specifically designed to alleviate the burden of time-consuming and costly AML processes for large organisations like PwC Norway, empowering them to focus on what truly matters – delivering excellence to their clients.
Already a partner to 70% of the Nordic region’s top banks, Strise now provides AML automation to the Norwegian contingent of firms in PwC Norway, to further diversify the scope of Strise’s solutions.
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