Why this fintech company is ‘unhappy’ with Facebook-parent Meta

UK-based fintech firm Revolut has criticised Facebook-parent Meta for its approach to prevent fraud on its social media platforms. The company has suggested that the social media giant should directly compensate users who fall victim to scams on its platforms like Facebook and Instagram. This criticism comes in response to Meta’s recent announcement of a data-sharing partnership with UK banks NatWest and Metro Bank which is aimed at preventing fraud.