Unit21 Real-Time Monitoring empowers users to identify potential fraud

Unit21 launches Real-Time Monitoring to fight real-time fraud and transform the landscape of risk management.

With Real-Time Monitoring, fraud prevention teams gain unprecedented capabilities to monitor real-time transactions which allows for proactive fraud prevention, resulting in significant reductions in fraud-related losses.

The key benefits of Real-Time Monitoring include:

• Real-Time Monitoring provides a holistic view of transactions, enabling thorough evaluation to identify potential fraud.
• Block suspicious transactions in sub-seconds, stopping potential fraud in real time.
• Provide a better seamless customer experience by reducing the risk of flagging legitimate transactions as fraudulent by whitelisting trusted customers.

“As the industry and payment landscape becomes more real-time, the solutions companies have traditionally used have not evolved fast enough. With Real-Time Monitoring, companies can be confident that they have the controls to mitigate real-time risk,” said Ian Macallister, Chief Operating Officer of Unit21.

“Real Time Monitoring is awesome because it helps limit human interactions. Right now, our departments are manually reviewing transactions so when we automate the decision tree, it will free up our time to focus on riskier transactions and entities,” said Luz Mabel del Valle, Chief Risk Officer at FV Bank.

Unit21 is committed to deliver solutions that streamline risk management, empower fraud prevention and AML compliance teams with tools that adapt to the dynamic landscape of financial crime prevention. With Real-Time Monitoring, Unit21 continues to lead the change in redefining how organizations approach risk and compliance.