About

Unit21 offers transaction monitoring and case management services for financial institutions, focusing on risk analysis and fraud prevention. Their platform uses a no-code approach, allowing teams to configure and test scenarios, which reduces false positives and enables real-time risk assessment to block risky transactions. Unlike competitors, Unit21 emphasizes a comprehensive view of customer behavior and automates tasks like SAR filing, enhancing efficiency for clients. The company's goal is to improve fraud prevention while ensuring a secure experience for trusted customers.

Simplify's Take

What believers are saying

• Unit21's continuous innovation, such as the launch of AI-enhanced features and ACH Risk Scores, positions it as a leader in proactive fraud prevention and AML operations.
• The company's inclusion in the 2023 CB Insights' Fintech 100 List and strategic hiring of a new COO reflect strong market recognition and growth potential.
• Unit21's ability to adapt to evolving risk scenarios and regulatory changes ensures long-term relevance and value for its clients.

What critics are saying

• The highly competitive RegTech market requires Unit21 to continuously innovate to maintain its edge over established players.
• Integration of new features and technologies, such as AI-enhanced tools, may face adoption challenges and require significant client training.

What makes Unit21 unique

• Unit21's no-code approach allows financial institutions to configure and deploy fraud prevention scenarios quickly, reducing false positives and enhancing detection capabilities.
• The platform's real-time risk assessment and transaction blocking capabilities provide proactive fraud prevention, unlike many competitors who focus on after-the-fact monitoring.
• Unit21's comprehensive case management features, including automated SAR filing and single-pane view, streamline compliance and investigation processes, setting it apart from other risk management solutions.

Help us improve and share your feedback! Did you find this helpful?

YesNo