FRAUD CONSORTIUM
Fraudsters Don’t Work Alone. Neither Should You.
With a comprehensive dataset at your fingertips incorporating fraud insights from over 75 fintechs, banks, and credit unions, our consortium aggregates fraud labels across members in real-time, ensuring that you can catch fraudsters before they act. No PII required.
HOW IT WORKS
The Only Fraud Consortium Spanning
Banks, Fintechs, and Crypto
Set Up Rules on Signals of Interest
Set up rules to screen users against the consortium with a few clicks, with all the resulting alerts flowing into your existing Unit21 queues.
Contribute Your Fraud Labels
Aggregate your fraud labels in real-time, ensuring you and every member in the consortium is immediately alerted upon confirmation, all without sharing PII, through our patented hashing technology.
Get Alerted When Someone Else Flags Your User
Stay one step ahead with fraud alerts from a collective data set across leading financial businesses. Prevent fraud before it spreads.
WHAT MAKES UNIT21 UNIQUE
Monitor All Your Data,
Not Just Transactions.
Privacy by Design
With Unit21's patented hashing technology, all end-user data is de-identified, incorporating Privacy Preserving Record Linkage, i.e., matching based on hashed values rather than Personally Identifiable Information (PII).
Holistic Data on a Customer’s Identity
Gain insight into holistic signals on individual customers, including details on their account tenure across its members, known prior instances of fraud, and fraud loss exposure.
Identify Known Bad Payment Destinations
Find scammers before they receive funds. Using signals from the network on known fraudulent payment destinations, you can proactively protect your customers.
Share Known Bad Actors with One-Click
Known fraudsters can be blocked with no extra effort during your regular investigation process, and known bad actors can be offboarded upon discovery to ensure minimum fraud loss.
"A simple 10 minute walkthrough with the Unit21 team was all we needed to create the Consortium monitoring rules in our environment.
Ten minutes of setup saves you hours of manual link analysis or open source research. This is immense value for our fraud program."
Ten minutes of setup saves you hours of manual link analysis or open source research. This is immense value for our fraud program."
Christina Fontana
Deputy AML Compliance Officer at DriveWealth
Advisory board
Expertise From Industry Vets
Jason Howard
VP of Fraud
Relay Financial
Lisa Lechner
Chief Compliance Officer
SpotOn
Christina Fontana
Deputy AML Compliance Officer
DriveWealth
Rob McCall
VP, Fraud Prevention
UpHold
Kelly Caltabiano
Chief Compliance Officer
Thread Bank
John Wiethorn
Head of Financial Crime Compliance & AML/BSA Officer
Gusto
Alyssa Goodrich
Lead Data Analyst, Fraud Risk
Chime
Alex De Jesus
Head of Fraud Management
Ramp
Jo Davenport
SVP Fraud Director
Third Coast Bank
Jason Howard
VP of Fraud
Relay Financial
Lisa Lechner
Chief Compliance Officer
SponOn
Christina Fontana
Deputy AML Compliance Officer
DriveWealth
Rob McCall
VP, Fraud Prevention
UpHold
Kelly Caltabiano
Chief Compliance Officer
Tread Bank
John Wiethorn
Head of Financial Crime Compliance & AML/BSA Officer
Gusto
Gain Holistic Signals of Your End Customers
Unit21’s Fraud Consortium enables collaborative data sharing between banks, credit unions, and fintechs natively within Unit21, providing an innovative approach to curbing fraud’s rising threat.
It Takes Everyone to Stop Fraud
Get holistic signals about your end customers, such as account age and usage, risk exposure and indicators of known fraud.