Helix Partners with Unit21 to Offer Comprehensive Fraud and Risk Management Solution for Fintechs
23 Februar 2023 - 3:00PM
Business Wire
Partnership allows Helix Banking-as-a-Service
customers to access Unit21’s pre-integrated infrastructure to
effectively monitor and prevent fraudulent activity
Helix by Q2 (NYSE:QTWO), an award-winning, cloud-native core
purpose-built for Banking-as-a-Service (BaaS), announced today a
new partnership with Unit21 to provide customers with Unit21’s
fraud detection and investigation infrastructure, which identifies
and prevents suspicious activity for payment providers, fintechs,
banks and more.
Through the partnership, Helix will offer a pre-integrated
fraud, risk and anti-money laundering (FRAML) infrastructure to
help monitor, investigate and resolve suspicious activity. By
accessing Helix user data, Unit21 has the capability to flag
suspicious transactions at the user level based on the context
provided by the user’s previous financial activity. Pairing these
two elements enables fintechs to create a more holistic,
multi-layered approach to fraud detection and prevention.
“Fraud monitoring cannot be a generalized experience. To be
effective, it must be personalized to the user,” said Ahon Sarkar,
general manager, Helix. “By partnering with Unit21, fintechs and
consumer brands will have the risk tools to confidently create
individualized customer experiences while adding another layer to
their fraud management stack to drive profitability without harming
the customer experience.”
The integration of Unit21 solutions to Helix’s embedded finance
core will help fintech companies and consumer brands confidently
create individualized customer service experiences knowing they
have the risk tools to support their unique offerings.
“Unit21 and Helix have partnered together to put the customer’s
financial well-being at the center,” said Unit21 CEO and co-founder
Trisha Kothari. “Customers already use Unit21's risk and compliance
infrastructure to eliminate data silos and make updates in
real-time to detect and prevent fraud. Combining that with Helix
core data allows customers to approach fraud and risk proactively
and more holistically than before. This allows them to deliver a
superior end-user experience by utilizing metadata to create
personalized financial products with a proactive approach to fraud
and risk baked-in.”
“Unit21 has embraced Banking-as-a-Service by providing tools for
banks and fintechs to reduce fraud and money laundering risks.
Transaction monitoring is a key pillar of a strong anti-money
laundering (AML) and fraud program that allows both parties to have
long-term success,” said Brian Fellows, senior vice president and
director of risk management at nbkc bank, a Helix partner bank.
“Partnering with Helix and Unit21 has enabled the bank to have
visibility into our fintech partner’s transaction monitoring
processes, enabling stronger controls by the bank, all while
reducing the AML and fraud risk for both parties. Unit21’s
capabilities to seamlessly share information between the bank and
fintech has enabled quicker identification of risks, timely
investigations, and reduction in overall workload for both
teams.”
Helix serves over 14 million users nationwide and processes over
$51 billion in transactions annually. It offers the building blocks
of banking – accounts, cards, payments, data and controls,
administrative tools and monetization solutions – all in one place,
making it easier for innovative companies to embed personalized
financial experiences within their applications. In 2021, Unit21
monitored approximately $40 billion in transactions and protected
more than 320 million entities.
For more information about Helix, visit helix.q2.com. For more
information about Unit21, visit unit21.ai.
About Helix by Q2
Helix’s award-winning Banking-as-a-Service platform gives
innovative fintechs and brands the building blocks of banking —
accounts, cards, payments, data and controls, admin tools, and
monetization solutions — to make it easy to embed personalized
financial experiences that easily integrate and scale. For more
information on Helix, visit helix.Q2.com. Follow us on LinkedIn and
Twitter to stay up-to-date.
About Unit21
Unit21 helps protect businesses against adversaries with
infrastructure that enables risks and compliance professionals to
combat fraud and money laundering across multiple industries. Visit
unit21.ai or follow @unit21inc on Twitter.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230223005357/en/
For Helix: Cole Lanier Cole.lanier@q2.com 205-616-6142
For Unit21: Aditya Vempaty Av@unit21.ai 404-932-9424
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