Canadian carriers and banks launch CSAFE anti-fraud data exchange

Bell, Rogers and Telus, through their EnStream joint venture, partnered with BMO, CIBC, Desjardins, National Bank, Scotiabank and RBC on the Cross-Sector Anti-Fraud Exchange (CSAFE). The platform shares, aggregates and standardizes confirmed fraud intelligence so participants can disrupt fraudsters and spot repeat fraud. CSAFE is live now and plans to add members from other sectors.

• Bell, Rogers and Telus join via the EnStream joint venture
• Six major Canadian banks are part of the initiative
• The platform flags repeat fraud using shared intelligence
• CSAFE aims to expand to other industries over time