Facebook denies asking banks for user data

Wednesday 8 August 2018 10:38 CET | News

Facebook has denied reports that it is actively asking banks to share detailed financial information about their customers, including card transactions and checking-account balances.

The statement follows a story in the Wall Street Journal that said the social media company had asked US banks for such data. According to BBC, Facebook said some users opted in to accessing some financial information in its Messenger app.

The Wall Street Journal had reported that Facebook approached JPMorgan Chase, Wells Fargo, Citigroup, and US Bancorp to ask for information about users’ account balances and card transactions.

However, Facebook said that users must opt in to linking the Messenger chat app to their bank accounts.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Facebook Messenger, financial information, banks, financial institutions, data protection
Countries: World