The MoneyPot LIVE: Combating Fraud Through Cross-Sector Collaboration and Shared Intelligence with GBG

In this episode, we dive into the alarming rise of digital identity fraud, which cost the UK finance industry over £1.2 billion in 2022 alone. Our guest, Laura Barrowcliff, Global Head of GBG Trust at GBG, a leading expert in digital identity, shares her insights on how cross-sector collaboration and shared consumer intelligence can transform customer due diligence and help financial organizations fight back against fraudsters.Laura dispels the misconception that data sharing erodes competitive edge or breaches privacy regulations, explaining the difference between sharing data and sharing intelligence. She discusses GBG Trust Network, a unique data network that combines over 100 million data attributes contributed by a consortium of over 550 businesses across 25 sectors and 80 countries, while ensuring complete data privacy.Discover how GBG Trust Network's global intelligence footprint and local expertise enable businesses to securely leverage powerful cross-sector consumer insights to detect fraud, onboard more good customers, and pre-empt crime before it happens. Laura also shares her perspective on getting ahead of regulation and influencing policy through action, setting the pace and creating a framework that works for the industry.Whether you're in the finance industry or any other sector grappling with identity fraud, this episode offers invaluable insights on the power of cross-sector collaboration and shared intelligence in combating this pervasive threat.The MoneyPot is our podcast from Money20/20.   Ian Horne & Rachel Morrissey Co-hostFollow Money20/20:YouTube: @Money2020TvLinkedIn: https://www.linkedin.com/company/money2020/Instagram: https://www.instagram.com/money20_20Facebook: https://www.facebook.com/Money2020X: https://www.twitter.com/Money2020TikTok: https://www.tiktok.com/@money20_20