Alerts leading to 0.3% being dispositioned as true positive in 2021.
For Flutterwave, the process of vetting tools was comprehensive and there were a few front runners, including what was then called Mastercard Gatekeeper.
Ultimately, Unit21 was chosen for its flexibility, price, and ease of use.
Chief Compliance Officer at Flutterwave
Flutterwave is a great example of an exciting, up-and-coming company that outgrew its legacy risk and compliance operations process, and made the right choice by moving from manual monitoring and reporting to a more scalable solution.
Since beginning with Unit21, the Flutterwave team has worked over one million alerts leading to 0.3% being dispositioned as true positive in 2021, with a false-positive rate of 14% (where the industry standard is 95%).
“One of the main benefits of Unit21 is that you can choose certain rules to trigger automated decisioning, which enable the team to concentrate on other manual alert rule reviews.”
Instead of spending countless hours tracking and compiling data after-the-fact, or investing in an internally developed system that would require engineering bandwidth to make any updates, Mo opted for a flexible, easy-to-use solution that everyone on his team could understand and utilize to identify suspicious merchants.
“One of the key things about Unit21, for me, is how intuitive it is to play around with. I don't need to go and read a massive manual to understand it. I can pop in, take a look, and tell you exactly what is going on.”
We are proud to have Flutterwave as a customer and are thrilled to help growing businesses transition from manual risk and compliance operations strategies. If you are interested in trying out Unit21, schedule a demo to see it in action today.
Want to share this case study? Download it here to take it with you: