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Revolut, the global fintech with over 30 million customers in Europe and 45 million globally, is calling on Meta to commit to sharing reimbursement of fraud victims, arguing that its recently announced data-sharing partnership with banks and financial institutions falls woefully short of what's required to tackle fraud globally.
Revolut today released the second instalment of its Consumer Security and Financial Crime Report, disclosing exclusive scam and fraud insights from the first half of 2024. It showed that Meta platforms remain the main source of all scams reported to Revolut in H1 2024 (62%), with no significant change compared with H2 2023 (64%).
Following the announcement that Meta is to launch a data-sharing partnership with UK banks and...
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