About
Unit21's Transaction Monitoring is a component of our Risk and Compliance Infrastructure that helps organizations detect and identify unusual or suspicious activities that may indicate money laundering, fraud and other financial crimes. With Unit21's flexible no-code/low-code risk engine, organizations can tailor our Transaction Monitoring solution to align with their specific operational needs and regulatory requirements.
This product is intended for
- Compliance Officer
- Risk Analyst
- Compliance Analyst
- Fraud Analyst
- Operations Manager
- Anti-Money Laundering Investigator
- Anti-Money Laundering Specialist
- Fraud Officer
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Rule Performance AAG
Our Rules Engine is designed to offer real-time insights into the status of alerts. With just a quick glance, you can effortlessly track resolved and unresolved alerts. Our Rules Engine operates across three dynamic models: Live Models, Validating Models and Shadow Models, to deliver real-time alerts and enable data-driven decision making. Elevate your operations with our Rules Engine and experience the difference in control, security and efficiency that it brings to your organization.
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Create Effective Rules
Leverage three rule creation methods | Scenario, Dynamic and Real-Time. Scenario Rules provide a simple starting point. You can create, validate and optimize rules without any coding. Customize thresholds to minimize false positives. These rules enable precise filtering for specific transactions or entities using default or custom data sent to Unit21. You have the flexibility to run your rules in real-time or select a batch mode execution interval.
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Rule Validation
Validation results allows you to check flagged transactions, view sample alerts and preview entity details. Dive into transaction specifics and conduct mock investigations while testing rules. Then, you can decide to activate the rule, enable shadow mode, schedule it for later or fine-tune the rule.
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Create Advanced Rules
With Dynamic Model Builder (DMB), rule creation is as intuitive as crafting an Excel formula. Utilize Variables and Trigger Conditions to define your alert logic. Variables are sourced from entities, transactions or actions and can represent fields or aggregate calculations, including custom data. Build Trigger Conditions as logical statements to generate alerts when true. Our DMB offers both drop downs for straightforward rules and free text entry for maximum flexibility.
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Real Time Transaction Monitoring
Create Real Time Rules to confidently approve or block transactions in < 250ms. Choose to generate alerts, add tags and use the dropdown builder for rule customization. Unit21 empowers agents to create, activate and modify effortlessly, without engineering support. Explore these rules alongside other models on the Detection Models page. Configure Transaction Property, Matchlist and Historical Deviation Rules for precise detection.
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