The importance of collaborative intelligence

In Part 1 of this series, FinextraTV and Chris Oakley, Head of Fraud, Form 3, reveal why banks remain reluctant to share data, explore the misconceptions surrounding regulations such as GDPR and where the levels of fraud would be if the standard were named GDPR Emphasis on data sharing. While many financial institutions continue to worry about whether they are violating rules and obligations, in certain situations the fact that sharing data can be useful for fraud prevention and is a legitimate reason is lost. To avoid this vicious circle, banks need to use collaborative intelligence to curb the rising cases of financial crimes such as APP fraud and share data so that insights and information can be shared between organizations in a secure environment to build a collaborative view.

To find out more, click here: Combating APP Fraud: How to Build a Best-in-Class Fraud Prevention Solution