Feedzai vs. Unit21
Looking for a Feedzai Alternative?
When it comes to addressing the needs of financial institutions in fraud prevention and AML compliance, Feedzai falls short in terms of integration ease, customization options, and cost-effectiveness.
Unlike Unit21, Feedzai lacks the flexibility and self-service capabilities necessary for organizations to align their risk infrastructure with their specific operational processes and risk tolerances.
If you’re seeking an alternative to Feedzai that offers the following features:
- Easy integration and handling of different data types through a user-friendly interface
- The ability to test rules and configurations before implementing them in a live environment for optimal detection
- Streamlined investigation processes with features for case organization, prioritization and collaboration among investigators
Then Unit21’s infrastructure for fraud and AML teams is worth exploring. With Unit21, you can:
- Configure and manage rules and workflows independently or with guidance from professional services
- Analyze and fine-tune rule performance based on real-world results and feedback
- Customize workflows to your specific requirements and align them with existing operational processes
Schedule a demo to see how Unit21 compares.
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How Unit21 Compares to Feedzai
Data Ingestion
Data ingestion via API
Flexibility ingesting data
Risk Engine
Out of box rules for transaction monitoring
Dynamic rule builder
No code rule engine
Sandbox environment
Whitelists
Champion challenger machine learning models
Real time rules
Customer Profiling
Case Management
Customization without engineering resources
Alert prioritization
Custom workflows
Automated SAR Filing
Link Analysis
Consortium Data
Unit21’s Superpowers
Accelerate Time to Value
Feedzai’s customers have shared that the reality of using the solution is very different from the sales pitch, and getting the platform to work as advertised is extremely difficult. Unit21’s self-service approach gives organizations more autonomy in configuring and managing the solution, which leads to a more seamless and tailored implementation process.
Lower False Positives
Feedzai’s platform does not have adaptive learning capabilities. Unit21 offers a feedback loop mechanism that allows users to provide input and insights into flagged cases, enabling the system to learn and adapt over time. This collaborative approach becomes more effective in identifying genuine fraud and AML risks while minimizing false positives.
Go Beyond Streamlined Investigations
We’ve heard from Feedzai’s customers that their case management functionality is generic. Unit21 assists investigators in making informed decisions through our AI-powered insights and recommendations.
Why Choose Unit21 Over Feedzai?
Regarding fulfilling financial institutions' requirements in fraud prevention and AML compliance, Unit21 offers remarkable flexibility and self-service capabilities, empowering organizations to align their risk infrastructure precisely with their unique operational processes and risk tolerances.
With Unit21, financial institutions can effortlessly integrate and customize their fraud prevention and AML compliance measures, ensuring optimal efficiency and effectiveness.
Reduce Operational Costs
- Streamline the implementation process without writing complex code or heavy reliance on technical resources, saving time and money.
- Empower teams to make system changes independently, eliminating constant involvement from engineering or IT teams
- Easily modify case management workflows to adapt to evolving business requirements and compliance regulations
Adapt Your Detection Strategies
- Rapidly process and interpret data with Unit21’s Rapid Ingestor for quick analysis and valuable insights
- Define and customize fraud detection rules with Unit21 Graph Based rules to match specific needs and identify desired patterns
- Optimize detection accuracy by analyzing rule outcomes and adjusting parameters according to your organization’s requirements
Run More Effective Investigations
- Assign risk scores to cases based on various factors, allowing investigators to prioritize high-risk cases
- Benefit from AI-generated recommendations based on historical data to guide investigations and uncover potential leads
- Access data from multiple sources for comprehensive and contextual views, enabling informed decisions and efficient investigations
Trusted By Leading Fintechs, Banks, Lenders, Credit Unions, Crypto Companies, and More
Trusted by startups and the world's largest companies
"We qualified every solution possible. The flexibility and automation of the Unit21 platform made the decision simple. Unit21 is extremely data agnostic, which means we don't need to wait for months to integrate."
reduction in false-positives
within 90 days of using
Unit21
“When rules are capturing fraud fast, you’re creating a good impact for your customers. We’re also able to empower our fraud team so they feel more confident and creative. They aren’t manually looking for alerts and can push the limits of their capabilities."
reduction in fraud loss
and cut investigation
time by 75% with Unit21
“Unit21’s platform is actually built with the customer in mind. Unit21 was also very easy to integrate. We easily saved months of engineering effort if we built this on our own. The case for ‘buy’ has never been more straightforward.”
reduction in alert
investigations times
"Unit21 is solving our biggest problem by monitoring hundreds of thousands of customer accounts. And the best thing is that we have been able to achieve a steady 15% false positive rate. That is a huge deal in an industry where 90 - 95% is the norm."
false-positive rate
achieved with Unit21
and reduced SAR filing
time by 78%
"To create a rule/model on our prior system took a matter of days, from ticket submission through implementation. With Unit21, it takes approximately 1-2 hours to compose the rule syntax, run the validation, and implement."
reduction in rule validation/deployment
time and cut alert
investigation time by 66%
