Facebook Inc has asked large US banks to share detailed financial information about their customers, as part of an effort to offer new services to users, The Wall Street Journal reported on Monday, citing people familiar with the matter.
The financial information asked from the banks include card transactions and checking account balances, according to the report.
Facebook, which is trying to deepen user engagement, has asked JPMorgan Chase, Wells Fargo & Co, Citigroup Inc and US Bancorp to discuss potential offerings it could host for bank customers on Facebook Messenger, the newspaper reported.
The social media company said it wouldn’t use the bank data for ad-targeting purposes or share it with third parties, the WSJ said.
Facebook suspends US conspiracy theorist Alex JonesUS conspiracy theorist Alex Jones has been suspended from Facebook for bullying and hate speech and is close to having pages tied to him and his ... Digital
Facebook hammered as user growth coolsFacebook shares took a hit Wednesday after the world’s biggest social network reported weaker-than-expected user growth in the first full ... Technology
Zuckerberg: Holocaust deniers ‘deeply offensive’ but won’t be banned from FacebookFacebook CEO Mark Zuckerberg says while he finds Holocaust denial “deeply offensive,” he doesn’t believe that such content should be ... Digital