Verafin vs. Unit21

Looking for a Verafin Alternative?

Both Verafin and Unit21 provide comprehensive solutions for fraud and money laundering detection, but they differ in their approaches to data and process integration. 

With Verafin, organizations need to adapt their data and processes to fit Verfafin’s predefined data schema and rules. In contrast, Unit21 offers a more customizable solution, allowing organizations to tailor the infrastructure to their specific risk profiles and needs.

If you are in search of a Verafin alternative that allows you to:

  • Leverage diverse data sources such as third-party providers and custom data sets
  • Create, modify, and customize rules that align with your risk profile, compliance regulations, and business objectives
  • Optimize investigation workflows by enabling investigators to organize, track, and prioritize cases effectively

Then you should take a look at Unit21’s infrastructure for fraud and AML teams. With Unit21, you can: 

  • Implement in three months or less with seamless data integrations
  • Empower your teams to configure and adapt scenarios, rules, and workflows independently, reducing the ongoing need for vendor involvement 
  • Automate repetitive or manual tasks by leveraging automation to streamline data gathering, document generation, and other routine processes

Schedule a demo to see how Unit21 compares.

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How Unit21 Compares to Verafin


Data Ingestion

Data ingestion via API

Flexibility ingesting data

Risk Engine

Out of box rules for transaction monitoring

Dynamic rule builder

Customization without engineering resources

Shadow mode

Sandbox environment


Champion challenger machine learning models

Real time rules

Customer Profiling

Case Management

Alert prioritization

Custom workflows

Automated SAR Filing

Link Analysis

Consortium Data

Unit21’s Superpowers

Rapid Deployment

Verafin customers endure lengthy implementations of up to a year. In contrast, Unit21 offers streamlined integration without rigid data formatting, enabling quicker adoption and eliminating the need for extensive customization.

Additionally, our self-service approach gives organizations more autonomy in configuring our infrastructure, further enhancing the efficiency of the implementation process.

Lower False Positives

Verafin’s platform is notorious for generating repetitive alerts with a significant number of false positives. In comparison, Unit21 customers can utilize shadow mode to assess the performance and impact of rules without disrupting live operations.

More Efficient Investigations

We’ve heard that Verafin customers have to export to Excel to work on alerts. Unit21 provides an integrated solution that enables a seamless flow of information between the two functions.

The integration allows users to have a holistic view of each case by providing access to both the transaction data and associated case details in one place.

Why Choose Unit21 Over Verafin?

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 organizations can effortlessly integrate and customize their fraud prevention and AML compliance measures, ensuring optimal efficiency and effectiveness.


Reduce Operational Lift

  • Streamline the implementation process without writing complex code or heavy reliance on technical resources, saving time and money. 
  • Unit21’s no-code configuration eliminates the need for lengthy deployment cycles by  empowering users to set up, test and validate rules without relying on engineers.
  • Kickstart your fraud and compliance operations with pre-configured templates and out-of-the-box rules.


Customize Your Detection Strategy

  • 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.


Make Better Decisions

  • Alert scores will tell you how similar an alert is to a true positive and enables organizations to prioritize their investigations and allocate resources efficiently. 
  • Access data from multiple sources for comprehensive and contextual views, enabling informed decisions and efficient investigations.
  • Intuitive dashboards allow users to easily visualize the distribution of alerts, track the progress of their investigations and monitor the workflows of their teams.

Trusted By Leading Fintechs, Banks, Lenders, Credit Unions, Crypto Companies, and More

Trusted by startups and the world's largest companies

Line Logo

"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."

Jerry Chou
Chief Compliance Officer at Line

reduction in false-positives
within 90 days of using

Lili Logo

“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."

Alex Faivusovich
Head of Fraud Risk at Lili

reduction in fraud loss
and cut investigation
time by 75% with Unit21

Intuit logo

“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.”

Erika Roodsari
Head of Risk Products at Intuit

reduction in alert
investigations times

bakkt logo

"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."

Kailey Klein
Compliance and AML Officer at Bakkt

false-positive rate
achieved with Unit21
and reduced SAR filing
time by 78%

Envel Logo

"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."

Brian Higdon
CFO at Envel

reduction in rule validation/deployment
time and cut alert
investigation time by 66%

Getting started is easy

See first-hand how Unit21
can help bolster your risk & compliance operations