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TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Partners with UK Banks to Enhance Fraud Detection

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Facebook parent company of Facebook has enhanced its fraud detection capabilities by partnering with NatWest and Metro Bank in the UK .

This collaboration allows British banks to share crucial information directly with Meta , aiding in the identification and elimination of scam accounts.

The FIPE initiative has already shown significant results, with 20,000 fraudulent accounts linked to a concert ticket scam network being taken down.