How Unit21 Compares to Alloy
Ingest Custom Data with Ease
Unit21 allows you to ingest all of your data, including any custom data or data from 3rd-party providers, into our system without paying extra for professional services or engineering support.
Once added to the infrastructure, users can easily visualize transactions, KYC/KYB information, and more in a single pane view. This gives teams a 360-view of their risk & compliance program.
Scale As You Scale
Unit21’s risk & compliance infrastructure can consume 1B+ events a month. With Unit21’s transaction monitoring solutions, you’ll have access to over 50 out-of-the-box money laundering and fraud rules; all customizable, based on deep statistical modeling & industry standards.
Your team can make rule sets more complex as you scale and grow. You can’t do that with Alloy’s transaction monitoring solutions.
Alloy offers risk & compliance workflows through a 3rd-party integration, but with Unit21, your team can use automated workflows with direct SAR reporting to FinCEN and goAML and the ability to file SARs in 40+ countries. Unit21 also offers a robust audit trail for any action on any rule, alert, case, SAR filing.
Reduce False Positives
Within Unit21’s risk & compliance infrastructure, teams can test their rules using shadow mode: a feature that allows rules to be backtested against historical data or forward-tested against current data for model validation.
Testing rules before deployment allows you to uncover any possible issues with rule functionality so it can be adjusted as needed. Unit21 also creates feedback loops so that agent reviews can inform rule logic to increase true positive rates and reduce repetitive reviews.
Alloy doesn’t offer any opportunities for backtesting, which is why our customers have been able to reduce false positives by 50% on average.
reduction in false-positives
within 90 days of using
reduction in fraud loss
and cut investigation
time by 75% with Unit21
reduction in alert
achieved with Unit21
and reduced SAR filing
time by 78%