Revolut Calls Out Meta on Fraud!

In a bold move, British fintech firm Revolut has criticized Meta, Facebook's parent company, for not doing enough to combat fraud on its platforms. Revolut’s head of financial crime, Woody Malouf, called Meta’s new partnership with U.K. banks a "baby step," urging that victims of scams originating from platforms like Facebook and WhatsApp should be directly compensated by Meta. This comes as new U.K. payment industry reforms require banks to compensate fraud victims, but Revolut argues that tech giants should share the responsibility.

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