Unit21, a risk and compliance technology provider known for helping FIs tackle fraud, money laundering, and other financial crimes, has announced the launch of its Build Your Own Agent (BYOA) solution.
The company said the new product was created to address growing complexity and time pressures within fraud detection and AML compliance processes. With financial institutions facing increased regulatory scrutiny and rising fraud cases, Unit21 aims to provide a flexible, automated solution to streamline operations while maintaining accuracy.
Unit21 offers a suite of risk and compliance tools designed for banks, credit unions, and FinTech companies. Its platform focuses on automating investigations, transaction monitoring, and suspicious activity reporting, helping compliance teams meet regulatory demands efficiently.
The newly launched BYOA enables risk and compliance teams to automate fraud and AML tasks through no-code, customisable AI agents. These agents can be quickly integrated into workflows such as sanctions checks, transaction monitoring, and check fraud detection. Structured, explainable insights are delivered directly into alert views, helping teams move from manual data gathering to analysis in minutes rather than hours.
Key use cases for BYOA include reducing false positives in sanctions screening, detecting fraudulent checks through data and image analysis, accelerating transaction monitoring, validating FinCEN 314(a) matches, and streamlining enhanced due diligence processes by unifying risk checks into a single view.
The product can be implemented in just three steps: naming the agent, assigning tasks and instructions aligned with existing workflows, and reviewing activity automatically once alerts are triggered. With a human-in-the-loop final step, the system has reduced average alert handling time by as much as 90%.
BYOA is available as either a standalone product or as part of Unit21’s wider fraud and AML platform, offering scalability and integration flexibility to financial institutions of all sizes.
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.”
Keep up with all the latest RegTech news here
Copyright © 2025 FinTech Global
Copyright © 2018 RegTech Analyst
