Facebook makes partnerships with banks for new Messenger features
It is a little strange to receive this news in a year in which the Facebook company had big problems related to the confidentiality of user data. However, it seems that they quickly got over this hop, and the Facebook company is now requesting partnerships with some of the most important banks in the United States of America.
Yesterday, Facebook asked JP Morgan Chase, Wells Fargo, Citi and Bancorp to provide them in the future. detailed financial information about their clients. These would include access view transactions with the card and balance sheet of bank accounts. All this will be used for new functions of Facebook Messenger, through which the user can access his account directly from the chat. Anti-fraud protection features of bank accounts will also be added. The user would have quick access from Facebook to block his bank account or would receive alerts as soon as he did suspicions of account fraud.
Although at first sight it would seem that it is a good function for users, there are voices that say that Facebook would use this data for commercial purposes. The feature could provide information to the Facebook company about the purchases made by users and thus it will be very easy for Facebook to serve personalized ads and promote its products from the Facebook Marketplace.
It is certain that this feature is already being implemented in countries like Singapore, where Facebook works in partnerships with banks there and provides users with functions through the Messenger platform.
It remains to be seen whether Facebook will be able to implement this function in the European Union countries in the future. It is unlikely.
