We are pleased to share an update on our ongoing efforts to combat economic crime and enhance digital verification. Our second coalition, which brings together leaders from finance, regulation, and technology, will create innovative solutions that will protect businesses and consumers across the UK.
With fraud costing the UK economy billions annually, and with nearly £1.2 billion stolen from consumers in 2023 alone, our coalition’s work is more critical than ever. We are committed to developing robust, data-driven initiatives that will strengthen our financial defences, improve business legitimacy checks, and create a more secure and resilient economy.
We are grateful to all our partners, including
@awscloud, A&O Shearman,
@Barclays, CRIF,
@DunBradstreet,
@Experian,
@EYnews,
@TheFCA,
@GLEIF,
@HSBC,
@LBGplc,
@MastercardUK,
@monzo,
@NatWestGroup,
@ThePSR, @RevolutApp,
@santanderuk, and
@getyoti, for their contributions so far.
As we continue to build on this momentum, stay tuned for our interim findings coming in November and the final blueprint report in March 2025.
Follow the link below to learn more and join the discussion 👇
bit.ly/3z4US8q
#EconomicCrime #FraudPrevention #FinancialSecurity #UKFintech #CFIT