Case Study: Kinecta Federal Credit Union cuts false positives and stops more fraud with Unit21

Kinecta Federal Credit Union cuts false positives by 50% with Unit21

Kinecta Federal Credit Union faced rising fraud losses and operational inefficiencies due to its rigid legacy fraud detection system, Verafin. The platform offered no customizable rule-building, created fragmented data across systems, and relied on slow, batch-based processing, which delayed responses to new fraud patterns targeting its members. This reactive posture limited the credit union's ability to protect its community effectively.

By implementing Unit21's real-time transaction monitoring, case management, and fraud consortium products, Kinecta empowered its analysts with no-code rule building and comprehensive visibility. The solution resulted in a 50% reduction in false positives, a dramatic improvement in alert quality, and over $90,000 in prevented fraud losses. Unit21 enabled the team to shift from a reactive to a proactive fraud management strategy, deploying new rules in minutes instead of weeks.

Kinecta Federal Credit Union