Unit21 Elevates Fraud Prevention for Fintechs with Fingerprint’s Device Intelligence

New integration boosts real-time prevention to combat sophisticated fraud

SAN FRANCISCO--(BUSINESS WIRE)--Unit21, a global risk and compliance technology leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, has announced its new device intelligence capabilities designed to help fintechs combat the ongoing threat of fraud. The company’s fraud-fighting platform now incorporates Fingerprint’s device intelligence, which collects and analyzes over 100 signals from the browser, device, and network to flag potential fraud patterns, such as repeated login attempts across multiple user accounts, in real time.

Unit21 is the most flexible real-time fraud and AML platform that empowers fintechs to build and adapt faster than fraudsters without the need for complex coding, cumbersome reporting processes, or lengthy analyses.

“Combating fraud as a fintech is swift and complex. Without the right tools, the speed of crime will continue to outpace the speed of prevention,” said Dhiraj Bhat, Product Lead, Fraud Solutions of Unit21. “Embedding Fingerprint’s device intelligence technology into Unit21 brings real-time fraud prevention to the next level, empowering teams to prevent threats and not just review them after the fact.”

Fintechs face significant challenges in preventing fraud. With access to persistent, highly accurate device IDs and real-time Smart Signals, such as Bot Detection, VPN Detection, and more, fintechs using Fingerprint and Unit21 can expand their arsenal of insights to combat bad actors. These newly added capabilities help tackle complex fraud types, including:

• Credential stuffing: Detects bot activity and repeated login attempts across multiple accounts from the same device.
• Elder & emergency scams: Identifies potentially suspicious activity such as new or unrecognized devices accessing an account and IP geolocation mismatches, which can signal scammers attempting to exploit vulnerable users.
• Tech support scams: Detects use of virtual machines, developer tools and abnormal device behavior, such as unusual spikes in activity, as well as new logins from unfamiliar devices or locations.
• Geolocation spoofing: Detects mismatched time zones, use of proxies, and other methods fraudsters use to evade detection.

Adding Fingerprint’s device intelligence capabilities complements Unit21’s fraud and AML prevention solution that includes real-time fraud detection, dynamic risk modeling, scalable compliance automation, and flexible data ingestion.

“We’re thrilled to partner with Unit21 to integrate advanced device intelligence with one of the industry's leading fraud and AML platforms. By combining Fingerprint’s industry-leading accuracy and reliability with Unit21’s powerful, flexible, and scalable platform, we can deliver real-time signals to detect and stop fraud faster to better protect customers,” shared Shaun Per, Vice President of Global Sales at Fingerprint.

To see the power of Unit21 and Fingerprint in action, join the upcoming webinar.

About Unit21

Unit21 is on a mission to unite the world’s fraud fighters and AML heroes to see the financial ecosystem restored to the pathway of opportunity it was meant to be. We specialize in solutions that don’t just identify but proactively mitigate risks tied to money laundering, fraud, and other illicit activities. Uniquely positioned to solve the problem of financial crime and well-funded, we have raised close to $100 million from Google, Tiger Global, and other leading VCs. Follow us on LinkedIn and visit Unit21.ai to learn more.

About Fingerprint

Fingerprint, powered by the most accurate device fingerprinting technology, enables companies to reduce fraudulent transactions, strengthen account security, and improve customer lifetime value. Fingerprint processes 100+ signals from the browser, device and network to generate a stable and persistent unique VisitorID that can be used to understand visitor behavior. With a commitment to best-in-class data security and privacy, Fingerprint is proud to be SOC 2 Type II, GDPR and CCPA compliant. Fingerprint is trusted by over 6,000 companies worldwide, including 16% of the top 500 websites, to help catch sophisticated fraudsters and personalize experiences for trusted users. Learn more at fingerprint.com.