Facebook is now discussing partnership ideas with firms like Citigroup Inc., Wells Fargo, and JPMorgan Chase, but the Cambridge Analytica incident has reportedly caused at least "one large USA bank" to pull out of the talks.
Facebook wants banks to share your financial data to expand Messenger, says report. Like many online companies with commerce businesses, we partner with banks and credit card companies to offer services like customer chat or account management.
Citigroup spokeswoman Elizabeth Fogarty said while the bank regularly has "conversations about potential partnerships, safeguarding the security and privacy of our customers' data and providing customer choice are paramount in everything we do".
Wells Fargo declined to comment.
Facebook has denied reports that it is actively asking banks for details of users' financial transactions. A critical part of these partnerships is keeping people's information safe and secure.
But word Facebook is fishing for financial information comes amid concerns it has not vigilantly guarded private information. These include offering a purchase option on Facebook Messenger, which is now used by 1.3 billion monthly active users to communicate with friends.
Furthermore, it could share that information with third parties, just as it has done with other user information in the past and as it did to cause the Cambridge Analytica scandal.
Shares in the social network have regained some ground and rose 4.4 percent to close at $185.69 on Monday. The company is aiming to boost user engagement, particularly with its Messenger service, after Facebook lost more than $120 billion ins market value in a single day earlier this summer.
Facebook has been getting cozy with your banks, but that might not be as alarming as it sounds.
"We're not using this information beyond enabling these (customer service) types of experiences", Facebook said in a statement. One bank has reportedly pulled out of discussions with Facebook because of the issue.
Weekend reports suggested advisers to Prince Harry are finally attempting to re-establish contact with Thomas Markle . Samantha, 53, estranged from Meghan since 2015 , said she hadn't seen "anything so cold in my life".
The original surface area of the lake was reported to be 44 acres and has been reduced to 19 acres due to sedimentation. If the dam fails completely, 17ft (5m) of water could flood it in seven minutes, the National Water Service said.
It's clear that both players are waiting for other numbers to be made available before they have their official numbers confirmed. Adam Lallana believes this is the season that Liverpool have to take the next step and finally win a trophy under Jurgen Klopp .
Torreira will fly direct to London from Moscow after Uruguay were knocked out of the World Cup on Friday. Should Guendouzi come through his medical, he will become Unai Emery's latest signing as Arsenal boss.
Pep Guardiola praised his players for their performance - describing Bernado Silva's display, in particular, as "a masterpiece". Willian is thought to have attracted interest from Manchester United, Real Madrid and Barcelona. "I'm so happy he came here".
Officials said 11 men and nine women were killed, most from Switzerland but also a couple and their son from Austria. He said it had its full annual service during the winter, and "we know of no technical problems with this aircraft".
Long before Seagal and Putin became buds, the dual citizen tried in jest to influence the Russian president's reputation overseas. According to Seagal's own website, the 66-year-old has been a regular visitor to Russian Federation for over a decade.
But the speech never happened, and Trump Jr. has said that the Russians failed to produce their promised "dirt" on Clinton. Trump tweeted that his son met with a Kremlin-connected lawyer to collect information about his political opponent.
The basketball star recently opened an I Promise School for low income and at-risk kids in OH , inspired by his own upbringing. It may be a reference to Michael Jordan , the NBA Hall-of-Famer whose legacy James is endlessly compared with.
The team has reportedly agreed to trade wide receiver Corey Coleman to the Buffalo Bills , according to ESPN's Adam Schefter . To this point in his career, the 15th overall pick of the 2016 NFL Draft has failed to live up to his draft hype.
The report said a protest was taking place in Karaj, 50 kilometers (30 miles) west of Tehran, when someone fired from a auto . Global sanctions were lifted under the pact between world powers and Tehran in return for curbs on Iran's nuclear programme.
He told Sunrise they were also in a Bali last week when the 6.4 magnitude quake struck but said this one felt a lot bigger. Thousands of homes and buildings were damaged. "Lots of cracks, fallen doors".
Trump insists Trump Tower meeting 'totally legal'
Whatever his explanation, Trump has consistently said he didn't know about the Trump Tower meeting. Trump attorneys say both sides have exchanged proposals for conditions for such a Trump interview.
Demi Lovato agrees to enter rehab facility
Unnamed sources told TMZ Thursday and People Friday that the singer will begin treatment immediately after she is discharged. Lovato was found unconscious in her bed her Hollywood Hills home following a night of partying on July 24.
Samsung Galaxy Note 9 to come with headphone jack
The short clip promotes the upcoming Samsung Galaxy Note 9 by running through the various Note iterations over the years. There will be different storage variants in Galaxy Note 9 , starting with 64GB, 128GB and 512GB.
LeBron James Opened His ‘I Promise’ Public School In Akron
James was speaking out Monday in his first public comments since leaving the Cleveland Cavaliers and signing with the Lakers. The I Promise School , which is part of the Akron Public Schools , opens Monday for 240 third- and fourth-graders.
US President Donald Trump claims ID needed to buy groceries
Augustine, and now, as the president of the United States, Trump returned the favor. "I want to thank our farmers", Trump said. Clearly that was a misspeak, but Democrats say it shows how out of touch the president is with real Americans.
Google Working on Censored Search for China
Google's main search platform has been blocked in China since 2010, but it has been attempting to make new inroads into China. Accordingly, Google started to soften its rhetoric and tone on China within a couple of years after the Gmail hacking.