EBAday 2026: 78% consider data sharing most effective way to strengthen fraud risk mitigation

Fraud prevention is shifting from a private competition to a team sport. Recent findings from the EBAday summit show that nearly 80% of industry experts now believe data sharing is the single most effective way to stop fraud. For retailers and service providers, this signals a massive shift in how the financing software you use will operate. Lenders are moving away from isolated security checks. Instead, they are looking toward cross-industry networks that flag bad actors in real-time before they even reach your checkout. This trend is driven by the rise of sophisticated 'Authorized Push Payment' scams and identity theft that bypass traditional filters. As a merchant, you should expect your financing partners to implement more robust verification steps that rely on shared industry databases. While this might sound like more friction, the goal is actually the opposite. By sharing data, lenders can more accurately identify legitimate customers, leading to higher approval rates and fewer manual reviews for your staff. The industry is moving toward a standard where a fraudster flagged by one lender is automatically blocked across the entire ecosystem, protecting your revenue and reducing the risk of chargebacks.

Source: Finextra — Lending

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