Innovate Finance joins chorus calling for social media to share fraud liability

Innovate Finance joins chorus calling for social media to share fraud liability

Innovate Finance, the industry body for British fintechs, has called for an anti-fraud strategy that would force social media and telco firms to share liability with payment providers in reimbursing fraud, echoing calls from the sector.  The group said social media platforms like Facebook as well as calls and texts managed by telco groups should share the financial burden of reimbursing victims because the majority of fraud originates from these…

A Technology Strategy to Smash Fraud - Innovate Finance – The Voice of Global FinTech

View the report in full here   Innovate Finance has worked with FinTech and financial services firms to develop a detailed set of proposals