Meta Platforms launches data-sharing partnership with UK banks, FT reports

Meta is launching a data-sharing partnership with UK banks to help prevent fraud as the social media platforms is increasingly pressured to help politicians and lenders do more to stop scams, Akila Quinio of The Financial Times reports. Meta recently said it has begun widely rolling out its Fraud Intelligence Reciprocal Exchange, a channel for banks to share transaction information with Meta to help catch scammers. https://www.ft.com/content/ff5ed0ed-170d-4439-a789-d658936fd5f5