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Entrepreneur in Residence (Fraud Detection)
Singapore
What is Menyala
Menyala is a venture builder founded by Temasek, a global investment firm headquartered in Singapore. We empower builders to drive technological shifts.
What is the role
As the EIR, you will spearhead the exploration, definition, and early execution of a new real-time fraud detection venture. With the freedom to shape the concept and execution, you’ll guide the venture from problem identification through validation, prototype, and MVP phases. You’ll collaborate with Menyala’s advisors, insurance experts, and technologists to test assumptions, refine product-market fit, and build a foundation for scalable growth.
The financial crime landscape is undergoing a fundamental shift as transactions become instantaneous and interconnected, creating new vulnerabilities that traditional, siloed security systems struggle to address. Current fraud prevention approaches operate in isolation, allowing bad actors to repeatedly exploit similar vulnerabilities across different institutions. This fragmentation, combined with the explosion of IoT devices and digital touchpoints, has created an asymmetric advantage for fraudsters who can harvest data at scale and execute coordinated attacks.
A revolutionary opportunity exists in building collaborative fraud prevention networks that leverage network effects to create collective immunity. When one institution detects a new fraud pattern, all participating members could automatically strengthen their defenses against similar attacks. This approach is particularly powerful when combined with the growing ecosystem of connected devices - from smartphones to smart home systems - which can serve as a distributed network of fraud detection sensors, analyzing behavioral patterns across multiple dimensions to identify anomalies in real-time.
The most exciting potential lies in transforming fraud prevention from a reactive, institution-specific function into a proactive, ecosystem-wide immune system. By creating secure protocols for sharing threat intelligence and anomaly patterns while preserving privacy, we can build a system where each attempted fraud makes the entire network stronger. This collaborative approach could dramatically reduce the economic incentives for fraudsters while simultaneously lowering the cost of fraud prevention for individual institutions.
A revolutionary opportunity exists in building collaborative fraud prevention networks that leverage network effects to create collective immunity. When one institution detects a new fraud pattern, all participating members could automatically strengthen their defenses against similar attacks. This approach is particularly powerful when combined with the growing ecosystem of connected devices - from smartphones to smart home systems - which can serve as a distributed network of fraud detection sensors, analyzing behavioral patterns across multiple dimensions to identify anomalies in real-time.
The most exciting potential lies in transforming fraud prevention from a reactive, institution-specific function into a proactive, ecosystem-wide immune system. By creating secure protocols for sharing threat intelligence and anomaly patterns while preserving privacy, we can build a system where each attempted fraud makes the entire network stronger. This collaborative approach could dramatically reduce the economic incentives for fraudsters while simultaneously lowering the cost of fraud prevention for individual institutions.
As an Entrepreneur-in-Residence, you'll work alongside:
- Veteran Venture Architects who've built and scaled successful companies
- Product and Engineering teams with deep domain expertise
- Industry advisors who understand market dynamics and opportunities
- A network of potential customers, partners, and investors
What we offer:
- Structured venture-building methodology to validate and launch your concept
- Full stack of resources to accelerate from idea to funded company
- Clear path to seed funding for validated opportunities
- Deep expertise in Financial Services and Web3 markets
Ideal for:
- Seasoned entrepreneurs ready for their next venture
- Industry veterans with deep market insights
- Technical leaders who understand scalable solutions
- Domain experts passionate about solving real problems
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