A day after Facebook’s parent company announced a data-sharing agreement with British banks and financial institutions to help protect customers from becoming victims of fraud, Revolut said Meta’s initiative “falls woefully short of what’s required to tackle fraud globally.”

British financial tech firm Revolut slammed Meta's plan to expand its current fraud-fighting program with banks there, saying that the parent of Facebook is not doing enough for the victims of such scams.

British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as "wo