About Unit21
Unit21 provides transaction monitoring and case management services aimed at risk analysis for financial institutions, including fintech companies, banks, payment service providers, and cryptocurrency platforms. The platform utilizes a no-code approach, enabling teams to configure and test scenarios before deployment, which helps reduce false positives and enhances fraud detection. It allows for real-time risk assessment and the ability to block risky transactions, preventing fraud losses proactively. Additionally, Unit21 offers case management features that streamline case handling, automate processes, and prioritize alerts based on risk, making it adaptable to changing risk scenarios and regulatory requirements. The company generates revenue by charging clients for its platform and services, which include automated filing of Suspicious Activity Reports (SARs) to improve investigation efficiency and case reconciliation.