Cybersecurity Firm Launches GDPR-Compliant Fraud Intelligence Platform Amid Rising Financial Crime

A Singapore-based cybersecurity company has unveiled a new platform designed to help banks and financial institutions share real-time fraud intelligence while maintaining strict compliance with European data protection laws. The launch comes as fraud losses continue to mount globally, with UK financial institutions reporting approximately £600 million stolen in the first half of 2025 alone—a 17% increase in reported cases.

The Cyber Fraud Intelligence Platform (CFIP), developed by Group-IB, enables institutions across financial services, payments, telecommunications, eCommerce, and gaming to exchange anonymised "risk signals" about suspicious activities without compromising customer privacy. According to the company, the platform is already processing more than 25 million transactions daily in national-level deployments.

Background and Context

The financial services industry has long struggled with effective fraud intelligence sharing. Traditional arrangements typically focus on post-incident reporting, by which time funds have often moved through multiple accounts and jurisdictions, making recovery nearly impossible. The challenge has intensified with the implementation of the General Data Protection Regulation (GDPR), which has restricted how institutions can exchange personal data in real time.

Regulators worldwide have been pushing for greater collaboration. In the UK, the Payment Systems Regulator's Specific Direction 20, the EU's Anti-Money Laundering Regulation Article 75, Singapore's COSMIC initiative, and Australia's Scam-Safe Accord all encourage enhanced information sharing between institutions to combat increasingly sophisticated fraud schemes.

Key Figures and Entities

Group-IB, headquartered in Singapore, has positioned itself as a global player in cybersecurity and fraud prevention. The company's Financial Crime and Compliance Specialist, Julien Laurent, emphasized that "CFIP bridges one of the biggest gaps in financial-crime prevention—the ability to collaborate securely."

The platform's privacy architecture has received independent verification from Bureau Veritas, which confirmed that CFIP's design and processing methods comply with GDPR requirements. According to Group-IB, this makes CFIP the first global, real-time fraud intelligence platform with this level of external validation.

Legal and Financial Mechanisms

At the technical core of CFIP is Group-IB's patented Distributed Tokenization technology, which anonymises personal data before any information leaves a participating organisation. The system exchanges only pseudonymised or tokenised indicators—such as device fingerprints, behavioural patterns, and risk scores—allowing for real-time comparison of suspicious activity between institutions without compromising privacy.

The platform's microservices architecture supports instant, reactive detection across a network of institutions. It runs on Amazon Web Services infrastructure as part of Group-IB's status as an AWS ISV Accelerate Partner. Institutions can deploy CFIP in cloud, on-premise, or hybrid models depending on data sovereignty and regulatory requirements.

International Implications and Policy Response

The platform addresses growing international pressure for improved fraud prevention mechanisms. The Financial Action Task Force has highlighted private-to-private data exchange as a crucial tool against money laundering, while the US Department of the Treasury has called for operational improvements in anti-money laundering and counter-terrorist financing regimes.

Group-IB said CFIP also supports emerging resilience standards such as the EU's Digital Operational Resilience Act by enabling firms to demonstrate real-time intelligence sharing and consumer protection processes. The platform targets a range of fraud types, including authorised push payment scams, investment and romance scams, business email compromise, mule-account networks, synthetic identities, and account takeovers.

Early results from a Central Asian national deployment show the platform identifying 300-400 mule accounts daily and processing approximately 180,000 checks per day. Group-IB projects annual savings between $100 million and $300 million at full adoption in that market.

Sources

This report draws on corporate announcements from Group-IB, public regulatory guidance from the UK Payment Systems Regulator, EU anti-money laundering directives, and publicly available fraud statistics from UK financial authorities. Information about the technology implementation is based on technical specifications provided by Group-IB and verification documents from Bureau Veritas.