San Francisco, CA (November 12, 2024) – The American Fintech Council (AFC) has announced the inclusion of Unit21 as its newest member. Unit21 provides a no-code, AI-powered risk and compliance platform that assists financial institutions in monitoring transactions, managing compliance, and preventing fraud. By joining AFC, Unit21 becomes part of a group committed to building a secure and efficient financial ecosystem.

"Unit21’s approach to risk management exemplifies the qualities we value at the American Fintech Council—responsible innovation that helps us build and enable a more inclusive, secure, and transparent financial system," stated Phil Goldfeder, Chief Executive Officer of AFC. "We are proud to welcome Unit21 and look forward to collaborating with them to drive forward-thinking financial solutions that protect customers and institutions alike."

Unit21 offers customizable tools enabling banks and fintech companies to proactively identify and prevent financial crimes. Their platform enhances operational efficiency while ensuring compliance with regulatory standards.

"We’re excited to join the American Fintech Council and work with like-minded companies on the prevention of financial crimes," said Trisha Kothari, CEO of Unit21. "Similar to the mission of our Fraud Consortium, we believe that in order to fight and win against fraud, industry players need to work collaboratively. This partnership with AFC will do just that. Together, we can create safer, more resilient financial systems that consumers can trust and rely on."

The AFC is a standards-based organization representing major fintech companies and innovative banks offering embedded finance systems. Its mission is promoting a transparent, inclusive, customer-centric financial system by supporting responsible innovation in financial services.

About Unit21: The company aims to unite global fraud fighters against money laundering and other illicit activities. They have raised nearly $100 million from investors such as Google and Tiger Global.