11 Updates for Enhancing Financial Crime Detection

We are excited to share our latest product updates that we rolled out in June. Our team has dedicated a lot of effort to enhancing the efficiency of our infrastructure. 

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In total, we released 11 product updates, and we will highlight two key features that are game changers, bringing quality-of-life improvements for you and your team.

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The best part? As a Unit21 customer, you already have immediate access to the updates. We encourage you to dive in and make the most of these new features

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If you are not currently a Unit21 customer, we would be thrilled to connect with you to demonstrate how our infrastructure can support your efforts in putting a stop to nefarious criminals. Together, we can make a real difference in the fight against illicit activities.  

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Let’s get to it.

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📣 Key Feature Announcements

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Consolidated Data Settings

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Customer Problem: 

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The challenge of scattered data is a common problem expressed by many organizations. Without a centralized repository, it becomes difficult to access and manage data effectively. 

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Furthermore, the absence of metadata exacerbates this issue as it fails to provide crucial details, such as the last update timestamp or the contextual information about data usage. 

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The Solution: 

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Our latest update addresses the need for consolidated data information. We’ve created a single, centralized location where you can access a comprehensive overview of both Unit21 and custom data fields. 

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This streamlines the implementation process, allowing you to identify any missing or incomplete information quickly. Additionally, we track helpful metadata around each field, which will help the debugging process. 

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314(a) Automation

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The Problem: 

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Ensuring regulatory compliance is crucial in the realm of financial crime prevention, and FinCEN’s 314(a) requirement plays a vital role. With bi-weekly updates to two lists (for individuals and businesses), manually screening against them becomes a tedious and error-prone task. 

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The Solution: 

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With our new 314(a) automation feature, you can effortlessly upload your 314(a) files and utilize graph-based rules to detect potential matches. Say goodbye to manual checks and Excel reviews and save your team valuable hours. 

Contact us (link to support@unit21.ai) anytime with questions or support needs.

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