Unit21 is a no-code platform that provides end-to-end lifecycle risk analysis for financial institutions, enabling them to detect and investigate financial crime throughout the customer journey. By unifying data silos and automating compliance processes, Unit21 helps organizations reduce false positives and enhance decision-making in risk management.
Funding
$92M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TGFounders
Product
Problem
Financial institutions face challenges in detecting and investigating financial crime across the entire customer lifecycle due to siloed data and manual compliance processes. This can lead to increased false positives, inefficient investigations, and difficulty in making informed risk management decisions.
Solution
Unit21 offers a no-code risk and compliance infrastructure that enables financial institutions to detect, investigate, and report financial crime throughout the customer lifecycle. The platform unifies data silos and automates compliance processes, providing a comprehensive view of customer behavior. By leveraging AI-powered tools, including an AI Copilot for alert optimization and an AI-driven data analysis tool, Unit21 helps organizations reduce false positives, enhance decision-making, and proactively combat financial crime. The platform's configurable nature allows it to adapt to an organization's unique risk profile and evolving regulatory landscape.
Target Audience
Unit21 primarily serves fintechs, banks, payments companies, and crypto companies seeking to enhance their risk and compliance operations and combat financial crime.
Features
- AI Copilot to optimize alert investigations by identifying key areas of focus.
- AI-driven data analysis tool enabling users to query data using natural language.
- Watchlist & Sanctions monitoring with AI-enhanced alerts for efficient compliance.
- Politically Exposed Persons (PEP) monitoring with real-time, AI-enhanced data.
- ACH Risk Score powered by machine learning to proactively block high-risk accounts.
- Action Event Rules to monitor and act on non-transactional activities like login attempts and password changes.
- Dark Web Monitoring to detect stolen checks and suspicious activity.
- Check Fraud Investigation Toolkit to centralize and automate check transaction analysis.
- Fraud Consortium for comprehensive user insights with secure, de-identified PII.