Banks take months to detect fraud and ignore loopholes, founder says
Co-founder, Fraud Detection Startup · Inside India’s Next Gen Startups | Nikhil Kamath ft. WTFund C2/24 Founders · Nikhil Kamath · Mar 21, 2025 · at 15:24
A fraud detection startup founder explains why traditional bank transaction monitoring fails during a WTFund discussion with Nikhil Kamath.
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“Because banks never learn from their loopholes. So if a fraudster is hitting them, banks will wake up two, three months down the line, and they've never pieced together the modus operandi.”
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