privacy lol
Out of context: Reply #6
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https://www.privacyinternational…
Key Points
* Privacy International conducted fieldwork in India and Kenya to understand how developments in the financial technology sector, known as ‘fintech’, affect the privacy of citizens.
*Our research finds there has been a massive increase in the quantity and scope of consumer information gathered by financial institutions. This expansion has been largely unchecked, particularly in developing countries, while serving the interests of companies and industries, which are mostly located in developed countries.
* These new sources of information are increasingly being used to inform financial decisions about people. Seemingly irrelevant data, such as text messages and call logs, are now being considered to justify a consumer’s suitability for various financial products, including loans.
* If current trends continue, PI believes it will become increasingly difficult — and eventually impossible — for people to use financial services without having to allow access to the most intimate information about themselves.