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Unit21

Fintech · San Francisco, United States · Founded 2018

Unit21.ai is a technology startup that provides transaction monitoring and case management services for risk analysis. Their primary clients are financial institutions, including fintech companies, banks, payment service providers, and cryptocurrency platforms. The company operates in the financial technology market, specifically in the risk management and fraud prevention sector. Unit21.ai's business model revolves around leveraging diverse data sources to provide a comprehensive view of customer behavior throughout their lifecycle. This is achieved through a no-code approach, allowing teams to configure, test, and validate scenarios before deployment. This method reduces false positives and enhances detection, shifting the focus from after-the-fact monitoring to proactive fraud prevention. The company's platform allows for real-time risk assessment and blocking of risky transactions, preventing fraud losses before they occur. This not only safeguards the organization but also ensures a secure and positive experience for trusted customers. Unit21.ai also offers case management features, such as a single-pane view for efficient case handling, automation to enhance efficiencies, and prioritization of alerts based on risk. The platform allows for easy adaptation to evolving risk scenarios and compliance with changing regulations. The company makes money by charging its clients for the use of its platform and services. The platform's capabilities, such as automated SAR (Suspicious Activity Report) filing, help reduce investigation times and increase reconciled cases, providing value for its clients. Keywords: Transaction Monitoring, Case Management, Risk Analysis, Fraud Prevention, Financial Institutions, Fintech, No-Code Approach, Real-Time Risk Assessment, Automated SAR Filing, Regulatory Compliance.