Tag: customer data
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Plaid Class-Action Lawsuit Reveals Open Banking’s Biggest Problem – Here’s How to Protect Your Customer’s Data
Privacy concerns are trending since before the pandemic–swirling around the topic of open banking. If you’re not sure what open banking is, it’s the concept of allowing third-party companies to use consumer financial data for additional services and features. There are two main companies that provide open-banking platforms: Plaid and Trustly. Now, it might sound like…
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Why Consumer Data is Valuable to Both Businesses and Consumers
Data has become synonymous with breaches of privacy in recent years. The fear consumers have of their personal data being shared, used, and sold across the world is unappealing. It doesn’t help that so many big tech, and big data, companies like Microsoft and Amazon have exposed customer information in one way or another. Consumer…
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