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UK banks, tech firms agree to tackle fraud by sharing data in real time

Barclays Bank logo
The coalition includes some of the UK’s major banks such as Barclays, as well as US firms such as Google and Amazon. Photo: Oli Scarff/Getty Images

Live sharing of data is expected to help firms identify suspicious URLs, transactions and other scam-related activity.

Some of the UK’s largest financial institutions, telecom companies, and tech giants have agreed to help each other tackle financial fraud and scams by sharing relevant data in real time.

The Stop Scams UK coalition has said in a statement it wants “to drive forward collaborative counter-fraud efforts to protect