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
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- DeepMind, BioNTech build AI lab assistants to help research, FT reports
- Judge partially dismisses antitrust lawsuit against Amazon, Reuters reports
- CVS to cut jobs, PepsiCo acquires Siete Foods: Morning Buzz
- Meta, Alphabet initiated: Wall Street’s top analyst calls
- Snap accused of making platform ‘haven’ for child abuse, WSJ reports