Facebook recently started asking banks for your financial data

A report from the Wall Street Journal today revealed Facebook was attempting to gain detailed financial information from its users’ banks. Oof, in how many languages can I say “no?” According to the Journal, Facebook has approached the likes of Wells Fargo, JP Morgan Chase, and Citigroup with an eye toward partnership. In exchange for users’ banking data, it proposed to offer a bank’s customers the ability to conduct business within Facebook itself. In response, a company spokesperson told TNW any reports it had requested transaction data weren’t true, and the company asked for the partnership in order to incorporate banking chatbots into…

This story continues at The Next Web

Or just read more coverage about: Facebook

https://ift.tt/2AOilf9 Rachel Kaser August 06, 2018 at 09:00PM