How Unit21 Compares to ComplyAdvantage
Ingest 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 using a simple API. 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 without having to log out to make a decision.
Monitor Transactions and More
Today’s risk & compliance teams need to monitor more than just transactions to uncover instances of fraud, money laundering, or other financial crimes. Many non-monetary data sources can provide more context into transactions that are not often captured, such as behaviors and device information.
Unit21’s data monitoring allows teams to see beyond transaction data to make informed decisions. Our flexible system can be customized by risk & compliance teams themselves, without help from engineers or vendor intervention. Unit21 also offers machine learning-powered tools like alert scoring to help teams prioritize the most meaningful alerts, reducing backlogs and improving efficiency.
Unit21 streamlines investigations with a highly customizable and automated system of record for customer risk and reviews. To make it simple, the solution also automates SAR e-filing directly to FinCEN.
Connected to both Onboarding Orchestration and Data Monitoring, our integrated case management solution enables risk & compliance teams to conduct their investigations in a single location Unit21 also enables teams to visualize how users are connected to others using network and link analysis.
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.
This leads to reduced false positive rates and more effective rules. Unit21 also creates feedback loops via tagging and data labeling, so that agent reviews can inform rule logic to increase true positive rates and reduce repetitive reviews.
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%