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Financial companies, including credit card issuers, banks, and payment processors, sit on a huge trove of their customers’ data. And they are increasingly seeking to monetize it. The FT is running a survey on how people feel about financial companies doing this to make money.
Meanwhile, customers are increasingly privacy conscious. Clients of UK financial services are also able to ask companies if they are using and storing their personal data, and request copies of this information under the Data Protection Act. How do you feel about financial companies using your sensitive information to make money? Have you ever sent an access request to your bank or other financial institution asking for details of how they use your data? Have you ever encountered any issues with the use of your information or had a related dispute with a company?
https://www.ft.com/content/baea1f27-681d-4738-9fcd-47b854df60e3
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