The July 2023 report explores how consortium data sharing enhances fraud prevention while improving customer experience. By pooling data from credit reporting agencies, vendor-specific networks, and consumer-permissioned sources, institutions can identify abnormal behaviors, predict risks, and support transactions across the customer life cycle. Benefits include better fraud detection, faster approvals, and improved service, but require careful attention to privacy, security, governance, and regulatory compliance. Fraudsters also target aggregator platforms, highlighting the need for robust safeguards in shared data environments .

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