Unit21, a leader in risk and compliance technology, has announced the launch of its Build Your Own Agent (BYOA) product designed for banks, credit unions, and FinTech firms.
The company, recognised for its innovative approach to financial crime prevention, aims to enhance efficiency across fraud and AML workflows.
The new BYOA product responds to a growing demand for automation in financial crime compliance. As fraud and money laundering threats become increasingly sophisticated, risk and compliance teams are under pressure to process alerts faster and more accurately while managing costs and operational complexities.
Unit21 develops technology that empowers financial institutions to fight financial crime effectively. Its solutions cover fraud detection, AML compliance, and risk management, offering no-code tools that integrate easily with existing systems. The company focuses on delivering structured, actionable insights that enable teams to stay ahead of emerging risks.
The newly launched BYOA allows compliance teams to automate fraud and AML tasks, significantly cutting down manual effort. By integrating custom AI agents into workflows such as sanctions screening, transaction monitoring, and check fraud detection, Unit21 has enabled tasks that previously took hours to be completed in minutes. The system offers structured, explainable insights directly within alert views, supporting faster and more informed decision-making.
Agents can be implemented in three simple steps: naming the agent, assigning tasks and instructions tailored to specific workflows, and automatically reviewing activity once an alert is opened. Human-in-the-loop verification ensures final decision accuracy, with Unit21 reporting a reduction in average alert handling time by up to 90%.
Additional use cases include the Sanctions Agent, which reduces false positives in sanctions screening, and the Check Fraud Agent, which detects fraudulent cheques through image and transaction data analysis. Other agents focus on transaction monitoring, FinCEN 314(a) request validation, and enhanced due diligence. The solution is available either as a standalone product or integrated into existing Unit21 workflows.
Unit21 head of AI Tyler Allen said, “At Unit21, we believe in creating technology that fits a customer’s process and workflow, instead of expecting them to conform to ours. Today’s launch of Build Your Own Agent is a testament to our commitment to customization, and we’ve seen 9,000+ alerts reviewed and 100,000+ tasks automated with 99.99 percent accuracy.”
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