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AI fraud detection software maker Inscribe.ai lays off 40% of staff
Yet another AI-powered fraud detection software provider is laying off staff. Inscribe, whose platform works to detect fraud in areas like business
Inscribe, whose platform works to detect fraud in areas like business underwriting, tenant screening, and onboarding, has cut just under 40% of its staff, which equates to dozens of employees. San Francisco-based Inscribe.ai confirmed the headcount reduction to TechCrunch, noting that the AI advances in the financial services industry necessitated a pivot to a new product and direction for the company. Additionally, the advances in AI in 2023 present one of the largest opportunities for the financial services ecosystem — enabling improved customer experiences, more efficient processes, and fairer decisions,” he continued.
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