Case Study: Patriot Bank reduces duplicate alerts and streamlines SAR reviews with Unit21

Patriot Bank reduces duplicate alerts and saves weekly time with Unit21

Patriot Bank, a regional bank with assets of $974.1 million, faced significant challenges in managing anti-money laundering and fraud prevention as it expanded its Banking-as-a-Service offerings. Their existing transaction monitoring system lacked the flexibility and scalability needed to tailor rules for diverse fintech partners and co-branded programs, creating operational inefficiencies and compliance risks. This led them to seek a new solution from Unit21.

Unit21 implemented its Transaction Monitoring, Case Management, and Regulatory Filing products, which were operational and ingesting data within days. The platform's high degree of customization allowed Patriot Bank to create precise detection rules for each partner. The results included a significant reduction in duplicate alerts, streamlined workflows for faster case resolution and SAR filings that saved time weekly, and strengthened audit readiness, providing the bank with greater confidence in its compliance operations.

Patriot Bank