What challenges might arise in implementing a centralised fraud database?

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What challenges might arise in implementing a centralised fraud database?

Implementing a centralised fraud database faces challenges like data privacy concerns and ensuring compliance with regulations. Aggregators and stakeholders must balance fraud prevention with the need to protect sensitive user information.

Another challenge is achieving consistent reporting standards across multiple platforms to maintain data accuracy. Smaller aggregators may face technical or financial constraints in integrating with such systems. Lastly, updating the database in real-time and managing large volumes of data efficiently can also pose operational difficulties.

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