Banks mindful of concerns over data-sharing with tech platforms

10th August 2018 News 18 Views

As Facebook seeks to gather information from financial organizations, banks are keeping customers’ privacy concerns in mind, The Washington Post reports. A Facebook representative said several banks and credit card companies have spoken with the tech company about sharing data, with some even pitching their own deals. While no agreements appear imminent, financial institutions pledge to be cautious. “While we regularly have conversations about potential partnerships, safeguarding the security and privacy of our customers’ data and providing customer choice are paramount in everything we do,� a Citigroup spokesman said. Representatives from U

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