(16 June 2026 – Spain) A collaborative fraud prevention platform co-owned by BBVA, Banco Santander, and CaixaBank has gone live, marking a shift toward sector-wide intelligence sharing as a primary defence against financial crime.
The platform, FrauDfense Check, is operated by FrauDfense, a jointly owned entity of the three institutions, and is designed to prevent fraud before it occurs through the secure exchange of information between financial institutions. Rather than treating fraud prevention as a competitive differentiality, the model establishes a shared ecosystem in which financial crime specialists across major Spanish banks exchange data, identify common patterns, and coordinate responses to emerging threats.
Over the past year, the three founding banks piloted the platform across a broad range of use cases, including customer onboarding, product contracting, credit transfers, instant payments, Bizum payments, and card transactions. The institutions report that millions of euros in fraud were prevented during the pilot period, citing the results as evidence that cross-institutional collaboration and shared intelligence are effective tools against evolving fraud typologies.
With the platform now commercially live, FrauDfense is extending participation beyond its founding members, opening access to the wider Spanish financial sector. The expansion is intended to increase both the reach and effectiveness of the collaborative model as adoption grows.