How AI is detecting Billions in Fraud with CEO of Inscribe AI Ronan Burke

No items found.
DATE POSTED
April 14, 2022
WRITTEN BY
There’s a lot of hype around AI—both its capabilities and the extreme predictions of its utility and potential harm to society. Our guest today is using AI to help reduce harm by detecting fraud at scale in the financial sector. Ronan Burke is Co-Founder and CEO of Inscribe, a platform that has a mission to save billions of dollars lost to fraud by onboarding trusted customers faster and finding bad-faith users quicker using AI. About Ronan Burke: Ronan Burke is the Co-Founder of Inscribe.ai, which he founded after graduating from University College in Dublin. He participated in YCS18 and Inscribe is trusted by companies like BlueVine, Petal, Fair, and Ramp, and backed by Y Combinator, Uncork Capital, Crosslink Capital, and Foundry Group. In this episode we discuss: 01:37 Ronan’s path to founding Inscribe with his twin brother 03:02 How they viewed startups growing up in Ireland 04:44 Growing the startup ecosystem in Dublin 05:20 The launch of Inscribe 08:06 Deciding which brother was CTO and which was CEO 09:52 Ronan experience at YC 12:54 What fraud means to Inscribe and how the pandemic made their service even more urgently needed 16:09 The ROI of Inscribe to onboarding customers and detecting fraud from preexisting customers 19:29 The three steps Inscribe uses to validate customers 21:54 How Inscribe searches the dark web for templates and other fraudulent activities 23:33 How the volume of data helps their ML 24:00 What a typical fraud case looks like 25:28 The market size for fraud detection 26:55 Competition to Inscribe 28:00 What the sales process looks like when selling to large FinTechs 30:19 Case studies for Inscribe 31:53 How their fundraising process went 33:23 Plans for the next few years 34:20 Plans for a hybrid model workplace Fast Favorites Podcast Tim Ferris Show Newsletter Blog Simon Taylor FinTech Brain Food Tech Gadget LogiTech Stream Cam New Trend Hybrid Working Book Principals Life Lesson If you care about something, double down on it. Follow Matt Cohen and Tank Talks here! Podcast production support provided by Agentbee.Agency  
About the Author

Related Blog Posts

Join our community of extraordinary founders building market-shifting software tools.

How AI is detecting Billions in Fraud with CEO of Inscribe AI Ronan Burke

No items found.
DATE POSTED
April 14, 2022
WRITTEN BY