Requires verification of credit card, debit card, and money transfers prior to accepting payments
Bot Mitigation
Monitors for and rids systems of bots suspected of committing fraud.
Real-Time Monitoring
Constantly monitors system to detect anomalies in real time.
Alerts
Alerts administrators when fraud is suspected or transactions have been declined.
Administration (3)
Fraud Markers
Tags users suspected of committing fraud and identifies them upon return.
Transaction Scoring
Rates each transaction's risk based on specific factors and their benchmarked scores.
Blacklisting
Prevents previous committers of fraud from future transactions.
Fraud Detection (5)
Name Matching
Based on 10 Unit21 reviews. The solution uses intelligent algorithms like fuzzy matching to identify potential risks.
Watch List
Create watchlists that can include sanctions lists (e.g., Dow Jones, WorldCheck, WorldCompliance, and Accuity). This feature was mentioned in 10 Unit21 reviews.
Scoring
Based on 12 Unit21 reviews. Score persons and organizations based on their history and risk potential.
E-filing
Pool data from various sources to auto-populate e-filing of Suspicious Activity Report (SAR) or Currency Transaction Reports (CTR) forms.
Workflows and Alerts
Standard workflows to assign workload and to alert users based on predefined triggers. This feature was mentioned in 11 Unit21 reviews.
Compliance (3)
Due Dilligence
As reported in 10 Unit21 reviews. Manage due dilligence processes such as Customer Due Diligence and Know Your Customer.
Regulations and Jurisdictions
Comply with regulations from multiple jurisdictions such as OFAC, UN, EU, OSFI, UK and AUSTRAC or FATCA.
Internal Policies
Compliance with fraud and risk management policies created by the company using the solution. 10 reviewers of Unit21 have provided feedback on this feature.
Monitoring (4)
Models
Based on 10 Unit21 reviews. Create behavior models that can be used to detect suspicious behavior.
Simuation
As reported in 10 Unit21 reviews. Simulate and validate scenarios to address multiple types of risks.
Transaction Monitoring
Real-time transaction screening to immediately identify potential risks. 10 reviewers of Unit21 have provided feedback on this feature.
QA
Based on 10 Unit21 reviews. Evaluate the quality and performance of the anti-money laundering activities.
Reporting (3)
Compliance Reports
As reported in 11 Unit21 reviews. Ability to generate standard reports for compliance purposes such as FATCA/CRS, SARS/STR and SWIFT.
Suspicious Activity
Display suspicious activity by period, risk type, person or organization. This feature was mentioned in 12 Unit21 reviews.
Real-Time Dashboards
Based on 12 Unit21 reviews. Dashboards to provide real-time data on suspicious transactions, persons, or organizations.
Generative AI - Anti Money Laundering (2)
Risk Scoring
Has integreated AI features to assess and assign risk scores to transactions and customer profiles, enabling prioritized investigations based on potential threat levels.
Pattern Recognition
Uses AI algorithms to identify complex patterns and anomalies in transaction data that may indicate money laundering.
Agentic AI - Anti Money Laundering (2)
Adaptive Learning
Improves performance based on feedback and experience
Decision Making
Makes informed choices based on available data and objectives
Agentic AI - Fraud Detection (3)
Cross-system Integration
Works across multiple software systems or databases
Adaptive Learning
Improves performance based on feedback and experience
Decision Making
Makes informed choices based on available data and objectives
With over 3 million reviews, we can provide the specific details that help you make an informed software buying decision for your business. Finding the right product is important, let us help.