PwC Norway selects Strise to automate AML processes, significantly reducing hours of manual work

Oslo, Norway – Leading AML automation company Strise has signed PwC Norway, the Norwegian member firm of PwC’s global professional services network, as a client.

By adopting Strise, PwC Norway will streamline AML operations, reduce costs, and save thousands of hours of manual work, all while strengthening compliance from day one.

Reducing manual AML efforts

Strise is built for enterprises looking to simplify and accelerate compliance.

For PwC Norway, Strise will:

• Automate sourcing and triangulation of AML data
• Provide pre-populated, analyst-ready insights
• Support onboarding, data management, and ongoing due diligence
  

With Strise’s centralised AML platform, PwC Norway replaces scattered vendor tools, serving engagement teams conducting pre-screening through to the risk and quality department managing full KYC and KYB.

Why this matters

Financial crime costs banks over $2.1 trillion each year.

Many organisations still rely on manual AML processes, a model that’s no longer scalable.

Strise changes this by:

• Unifying data on businesses, individuals, roles, and networks
• Automating region-specific data ingestion from third parties
• Replacing fragmented workflows with a single source of truth

“Securing PwC Norway as a client is a tremendous achievement for Strise. Strise 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.”
— Marit Rødevand, CEO and Co-Founder, Strise

Expanding Strise’s reach

Already powering AML operations for 70% of top-tier Nordic banks, Strise now extends its reach to one of the world’s largest professional services firms.

This milestone follows

• A $10.8M Series A round led by Atomico
• Growth to 50 employees
• Opening of a London office and expansion into additional European markets
• Platform scale-up to cover over 1 billion entities and 11 million individuals globally
• Recognition in Fast Company’s 2024 Most Innovative Companies list

About Strise

Strise leads the AML automation revolution, transforming compliance from a cost center to a strategic driver.

• Automation that removes compliance backlogs
• AI-powered insights for faster decision-making
• User-centered design for intuitive workflows

Its AML Automation Cloud powers:

• KYC and KYB
• Sanctions and PEP screening
• Ongoing due diligence
• Automated onboarding for corporate and retail clients
  

The impact:

• 90% reduction in due diligence time (from days to minutes)
• 30% cost savings for compliance teams

Key features that set Strise apart

Strise solves the three biggest pain points in AML:

• Data fragmentation: unified and continuously updated entity profiles
• Hidden risk: detect issues earlier with explainable, rules-based scoring
• Alert overload: resolve false positives at scale and reduce analyst fatigue

‍

Media Contact:
Lars Lunde Birkeland
CMO, Strise
lars@strise.ai