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This treasure-trove of data has been producing quite a lot of drool at the C* level in major banks for quite some time. Some are going with "its for the greate
by drglitch 11y ago
This treasure-trove of data has been producing quite a lot of drool at the C* level in major banks for quite some time.
Some are going with "its for the greater good and the children!": http://fortune.com/2015/05/21/jp-morgan-chase-big-data/ http://fortune.com/2015/05/21/jp-morgan-chase-big-data/
Some are being choosey with who they share with: http://blogs.wsj.com/cio/2013/02/06/banks-using-big-data-to-discover-new-silk-roads/ http://blogs.wsj.com/cio/2013/02/06/banks-using-big-data-to-...
While others just blatantly hide behind a ToS: http://www.wsj.com/articles/provider-of-personal-finance-tools-tracks-bank-cards-sells-data-to-investors-1438914620 http://www.wsj.com/articles/provider-of-personal-finance-too...
Next time you're on any PFM-related site thinking "your transactions are secured with bank level encryption" means anything, think twice and take another look at who you're giving your transactional data to.