Conor Burke spent much of his career in the back office of a big bank in Ireland. His team was tasked with digitizing the onboarding process — particularly document-heavy manual review workflows — that were costing the bank millions of dollars every year and not catching fraud. According to him, the biggest challenge was figuring how to remove the human element without compromising risk and fraud controls.
Inspired by this, Burke and his twin brother, Ronan Burke, launched Inscribe, an AI-powered document fraud detection service. Built for fraud, risk and operations teams in the fintech and finance industries, Inscribe taps AI trained on hundreds of millions of data points to return results, Ronan says.
“Tedious document reviews add friction to account opening and underwriting processes, but automation alone isn’t the answer,” Ronan told TechCrunch in an email interview. “We believe automation without fraud detection is reckles...
