The January 2022 Aite-Novarica Group report on Interbank Privacy Enhanced Information Sharing examines how Canadian banks can collaborate on fraud detection and prevention while complying with privacy laws. It discusses the business case for sharing fraud data, identity theft trends, and lessons from international practices. The study outlines a fraud detection framework, the role of privacy-enhancing technologies, and the benefits of data sharing, such as improved risk mitigation and fraud loss avoidance. It emphasizes balancing public interest protection with regulatory compliance to strengthen the nation’s fraud defenses.

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