Unit21 Features

Requires verification of credit card, debit card, and money transfers prior to accepting payments

Monitors for and rids systems of bots suspected of committing fraud.

Constantly monitors system to detect anomalies in real time.

Alerts administrators when fraud is suspected or transactions have been declined.

Tags users suspected of committing fraud and identifies them upon return.

Rates each transaction's risk based on specific factors and their benchmarked scores.

Prevents previous committers of fraud from future transactions.

Based on 10 Unit21 reviews. The solution uses intelligent algorithms like fuzzy matching to identify potential risks.

Create watchlists that can include sanctions lists (e.g., Dow Jones, WorldCheck, WorldCompliance, and Accuity). This feature was mentioned in 10 Unit21 reviews.

Based on 12 Unit21 reviews. Score persons and organizations based on their history and risk potential.

Pool data from various sources to auto-populate e-filing of Suspicious Activity Report (SAR) or Currency Transaction Reports (CTR) forms.

Standard workflows to assign workload and to alert users based on predefined triggers. This feature was mentioned in 11 Unit21 reviews.

As reported in 10 Unit21 reviews. Manage due dilligence processes such as Customer Due Diligence and Know Your Customer.

Comply with regulations from multiple jurisdictions such as OFAC, UN, EU, OSFI, UK and AUSTRAC or FATCA.

Compliance with fraud and risk management policies created by the company using the solution. 10 reviewers of Unit21 have provided feedback on this feature.

Based on 10 Unit21 reviews. Create behavior models that can be used to detect suspicious behavior.

As reported in 10 Unit21 reviews. Simulate and validate scenarios to address multiple types of risks.

Real-time transaction screening to immediately identify potential risks. 10 reviewers of Unit21 have provided feedback on this feature.

Based on 10 Unit21 reviews. Evaluate the quality and performance of the anti-money laundering activities.

As reported in 11 Unit21 reviews. Ability to generate standard reports for compliance purposes such as FATCA/CRS, SARS/STR and SWIFT.

Display suspicious activity by period, risk type, person or organization. This feature was mentioned in 12 Unit21 reviews.

Based on 12 Unit21 reviews. Dashboards to provide real-time data on suspicious transactions, persons, or organizations.

Has integreated AI features to assess and assign risk scores to transactions and customer profiles, enabling prioritized investigations based on potential threat levels.

Uses AI algorithms to identify complex patterns and anomalies in transaction data that may indicate money laundering.

Improves performance based on feedback and experience

Makes informed choices based on available data and objectives

Works across multiple software systems or databases

Improves performance based on feedback and experience

Makes informed choices based on available data and objectives