Facebook denies report that it’s coming for your financial data

Facebook has been getting cozy with your banks, but that might not be as alarming as it sounds.

On Monday, the Wall Street Journal reported that Facebook has been courting banks to enter into data-sharing agreements. Google and Amazon have reportedly also sought similar arrangements, exchanging user data for the banks’ integration with the tech companies’ massive platforms.

But Facebook is denying the “data sharing” aspect of the report, per an article from TechCrunch. It says that it is seeking integration with banks to enhance its payment and commerce initiatives within Messenger — which already launched in March as a pilot program with Citibank in Singapore.  Read more…

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Source: Mashable | Facebook denies report that it’s coming for your financial data