LogicLoop has been helping Unit21 customers get the most out of their investment in fraud tooling. For instance, a large consumer neobank, a web3 wallet and a B2B neobank, have all had issues working with Unit21, and LogicLoop can help.
Fintechs typically onboard Unit21 to manage compliance and fraud workflows. However, as their business grows, they need more:
We see that fintechs have a huge dilemma here. Stick with Unit21 and spend more engineering resources maintaining it or have operations do manual workarounds, or build in-house entirely, which is also very expensive. This is where LogicLoop comes in.
LogicLoop was inspired by one of Stripe’s most popular internal tools, that a single risk analyst could use to save the company millions per quarter. LogicLoop can help read across business data, write rules that create Unit21 tickets, or write feature tables back to databases that can be ingested into Unit21 to write rules. LogicLoop can work to fill in the gaps with your Unit21 experience, so your risk analyst and operations team have a smooth end-to-end experience:
Using and Integrating LogicLoop
What types of rules can you write with LogicLoop? Basically anything as long as you’ve got the data around it. See a list of fraud and risk monitoring templates here.
Customers have found that LogicLoop was easy to integrate and onboard (in weeks not months), gave their analysts more control than any existing vendor without having to build themselves.
LogicLoop is able to reduce review time by 75% and hence headcount, detect fraud within minutes that reduces losses per attack 5x and increases the pace of product delivery.