Unit21 announced its 3rd annual State of Fraud & AML report. The report provides a unique view into the current and future impacts of fraud and AML across banks, credit unions, & fintechs. Data shows scams (14% report a 50% increase in scam detection) and check fraud (30% of banks reported an alarming 25-75% increase) are taking their toll on investigative teams, while solutions such as real-time monitoring show promise (51% saw improvements). Read the full report: https://hubs.li/Q02W28qX0

Unit21’s State of Fraud and AML Report Finds Scams Continue to Strike, While Real-Time Monitoring Shows Real Potential

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At Unit21, we believe that combating financial crime demands a united front. We specialize in Transaction & Real-Time Monitoring, Case Management, and our Consortium that don’t just identify but proactively mitigate risks tied to money laundering, fraud, and other illicit activities. With a simple API and no-code interface, we empower fraud fighters and compliance heroes to detect and prevent bad actors—without tapping engineering. To learn more, follow us on LinkedIn and visit Unit21.ai.

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Unit21’s State of Fraud and AML Report Finds Scams Continue to Strike, While Real-Time Monitoring Shows Real Potential