Major German Banks Establish Joint Venture to Combat Financial Crime
- 1Commerzbank, Deutsche Bank, and the German Savings Banks Association (DSGV) have established a joint venture focused on financial crime.
- 2This joint venture will develop a platform where financial institutions can exchange information related to fraud cases.
- 3The system will initially cover phishing, investment fraud, product fraud, and romance scams.
So what's the key point?
Commerzbank, Deutsche Bank, and others in Germany have formed a company together to prevent fraud. Financial institutions will be able to share information about scams to fight these crimes.
Source Retail Banker International · View original ↗
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