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edge.prnewswire.com • October 14, 2026

Canada’s leading banks, telecom providers and EnStream came together with a shared goal: to close the gaps fraudsters exploit between sectors and prevent repeat fraud. Together, we built CSAFE – a collective effort where each participating institution contributes confirmed fraud intelligence through a single, common platform. For Canadians, this collective effort means faster fraud detection and better fraud prevention, with less disruption to their finances and daily lives.

As AI and machine learning accelerate the scale and sophistication of fraud in Canada, collaboration is essential. CSAFE brings financial institutions and telecom providers together to build the cross-sector defense the moment demands.

Fraud crosses sectors, and fighting it requires collaboration. Operating within a defined governance framework, CSAFE provides a common platform for participants to contribute confirmed fraud intelligence. This broader view helps each participant strengthen its own defences, identify and prevent repeat fraud, and close gaps criminals exploit, helping protect Canadians.

CSAFE starts with a founding group of major Canadian banks and telecom providers. As more organizations across finance, technology and beyond come on board, the collective’s reach against fraud grows stronger.

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Launch of CSAFE to Combat Fraud in Canada On October 14, 2026, major Canadian financial institutions and telecom providers launched the Cross-Sector Anti-Fraud Exchange (CSAFE) to combat growing fraud. The initiative, developed by EnStream, allows participating institutions to share confirmed fraud intelligence through a single platform. This collaboration aims to enhance fraud detection and prevention, particularly as criminals increasingly use AI and machine learning techniques. CSAFE will enable institutions to identify repeat fraud and strengthen their defenses by aggregating insights from a broader set of confirmed fraud events. The platform operates under a defined governance framework, ensuring secure data sharing among participants. CSAFE is expected to significantly improve the fraud management processes of its members, which include Bell, BMO, CIBC, Desjardins, National Bank, RBC, Rogers Communications, Scotiabank, and TELUS. The initiative reflects the urgent need for cross-sector collaboration to address the evolving threat landscape in Canada. 1 sources 28

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