The rise of streaming TV services during the pandemic, exemplified by Netflix's subscriber growth, highlights how digital content consumption has influenced behavior, drawing parallels to financial institutions' need for improved data collaboration to prevent fraud. The article discusses how notorious scammers like Anna Sorokin and Shimon Hayut exploited systems that failed to cross-check information, emphasizing the necessity for financial sectors to adopt technology that facilitates privacy-preserved, cross-border data sharing. Despite regulatory challenges, leveraging data collaboration can curb fraud and potentially boost economies, with McKinsey & Company suggesting that open financial data sharing could increase GDP by up to 5% by 2030. The text advocates for financial institutions to embrace data-sharing innovations to combat fraud and enhance economic growth, highlighting the importance of balancing privacy and technological advancements.