WSJ: Facebook offered to banks to access customer data to create new services

ECONOMY

NEW YORK, August 6. /Basereporter.com/. The company Facebook has offered several large American banks to open access to detailed financial information about customers to create new services. As reported on Monday, the newspaper The Wall Street Journal, citing knowledgeable persons, such requests over the past year Facebook has sent to the banks JPMorgan Chase, Wells Fargo, Citigroup and Bancorp.

According to the newspaper, the idea was to provide Bank customers the ability to check the status of their accounts, and also quickly to receive notifications in case of unauthorized operations. In particular, Facebook was interested in the information about where Bank customers make purchases using debit and credit cards. The Facebook representative Elizabeth Diane said that banking information will not be used for targeted advertising, and will not be provided to outsiders. “We won’t use acquired from banks or loan companies data to send you advertising” – led newspaper her words.

However, as noted by the newspaper, Facebook negotiations with the banks took place against the background of the scandal that erupted after the British company Cambridge Analytica managed to access personal data 87 million users of Facebook without their consent. An informed source told the newspaper that one of the major banks refused to participate in negotiations in connection with fears for the safety of confidential information on its customers.

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