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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 monetise it. Companies including PayPal, Chase US and Revolut are moving to partner with advertisers to offer “transaction-enabled” marketing campaigns.
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?
FT Money would like to hear about your experiences. Please contact us in confidence at akila.quinio@ft.com
