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Fraud Detection Firms Leverage AI and Automation to Counter Rising Document Fraud

AI/MLFraud Detection Firms Leverage AI and Automation to Counter Rising Document Fraud

Fintech firms like Amount and Plaid sought streamlined methods to enhance customer verification and fraud detection. Inscribe’s swift document analysis aided both companies in expediting processes and pinpointing legitimate applications, allowing staff to focus on priority tasks. As document fraud surged by 79% in 2022, Inscribe’s advanced detection became pivotal. With the rise of first-party fraud where customers falsify financial details, Inscribe’s AI-driven analysis has unveiled crucial patterns for tackling this menace. Its network detectors offer an edge in staying ahead of fraudsters. Amid the evolving landscape, Inscribe remains committed to racing fraudsters in the ongoing battle of fraud prevention.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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