Unit21 Company Research Report



Company Overview



Name, Mission of the Company


  • Name: Unit21

  • Mission: To stop bad actors to deliver justice and safety to the world.


Founding Information


  • Founded: 2018

  • Founders: Trisha Kothari and Clarence Chio


Key People


  • Co-Founder and CEO: Trisha Kothari

  • COO: Ian Macallister

  • Head of Sales: Ben Digne

  • Head of Product: Kunal Datta

  • Head of People Operations: Kimberly Davis

  • Head of Fraud Risk: Alex Faivusovich

  • Head of Customer Engagement: Emily Garza

  • Head of Partnerships: Matthew Lifshotz

  • Head of Legal: Neda Shapourian

  • Head of Engineering: Michael Yue

  • Head of Marketing: Chris Worley


Headquarters


  • Headquarters: San Francisco, California, United States


Number of Employees


  • No information is available


Revenue


  • No information is available


Company Recognition


  • Unit21 is known for providing risk and compliance infrastructure to empower teams in combating financial crimes and making data-driven decisions throughout the customer lifecycle.


Products



Product Offerings and Their Descriptions



Transaction Monitoring


  • Description: Provides a holistic view of customer behavior throughout their lifecycle by leveraging diverse data sources.

  • Key Features:

  • 360-Degree View of Risk

  • Use Data From Any Source

  • Write, Test, and Deploy Rules in Minutes

  • Increase Detection Accuracy and Precision


Real-Time Monitoring


  • Description: Protects against real-time threats, providing proactive fraud detection and prevention.

  • Key Features:

  • Fast API Response Times

  • Easy Integrations

  • Up-Level Your Analysts

  • Reduce Fraud Losses

  • Whitelabel Good Customers


Case Management


  • Description: Facilitates the efficient management of alerts and cases through a single comprehensive dashboard.

  • Key Features:

  • Streamlined Alerts

  • Effortless Execution

  • Customized Control

  • Single-Pane View

  • Visual Link Analysis


Fraud Consortium


  • Description: A collaborative network providing holistic signals about end users to improve fraud detection across member organizations.

  • Key Features:

  • Active Member Participation

  • Privacy by Design

  • Holistic Risk Insights


AI Copilot


  • Description: Assists analysts by illuminating key areas of investigation to optimize alert processes.

  • Key Features:

  • Focus areas for Investigations


Ask Your Data


  • Description: AI-driven data analysis tool for transforming data into actionable insights.

  • Key Features:

  • Enables in-depth data exploration


Watchlist & Sanctions


  • Description: Integrates ongoing screening against global sanctions and watchlists into monitoring processes.

  • Key Features:

  • AI-enhanced alerts for compliance


Politically Exposed Persons (PEP)


  • Description: Advanced checks on PEPs, their families, and close associates to mitigate corruption and financial crime risks.

  • Key Features:

  • Real-time, globally sourced data


ACH Risk Score


  • Description: Provides machine learning scores to assess the risk of ACH transactions.

  • Key Features:

  • Enables proactive blocking of high-risk accounts


Action Event Rules


  • Description: Extends monitoring capacity to non-transactional actions.

  • Key Features:

  • Monitors login attempts, password changes, and more


Dark Web Monitoring


  • Description: Alerts on suspicious activity related to stolen checks on the dark web and social media.

  • Key Features:

  • Proactive threat detection


Check Fraud Investigation Toolkit


  • Description: Centralizes and automates check transaction investigations.

  • Key Features:

  • Historical deposits and image comparison


AI Agent for Investigations


  • Description: Uses AI to work on alerts and reduce false positives.

  • Key Features:

  • Enhanced insight through AI-driven investigations


Recent Developments



New Products and Features Launched


  • AI Copilot: Helps analysts by focusing investigations on key areas.

  • AI Agent for Investigations: Works on alerts to reduce false positives.

  • Dark Web Monitoring: Monitors dark web activity for stolen checks.

  • Check Fraud Investigation Toolkit: Centralizes investigation processes for check-related fraud.


Recent Partnerships


  • Alto Partnership: Enhanced safety and reduced fraud.

  • Wonolo Partnership: Announced new partnership to enhance fraud operations.


Other Developments


  • Series C Funding: Announced $45M Series C to bolster its offerings and expand.

  • Expanding Leadership: Hired its 100th employee and onboarded new leaders across various departments.


This concludes the structured market research report for Unit21.