Tuesday, August 07, 2018

Facebook to Banks: Give Us Your Data, We’ll Give You Our Users





Facebook has asked large U.S. banks to share detailed financial information about customers as it seeks to boost user engagement




Facebook is trying to deepen user engagement after it said last month its growth is slowing, stunning investors. One tactic it is exploring is to get banks to work closely with Facebook Messenger. PHOTO: JEFF CHIU/ASSOCIATED PRESS



By

Emily Glazer ,

Deepa Seetharaman and

AnnaMaria Andriotis


Updated Aug. 6, 2018 7:31 p.m. ET


Facebook Inc. wants your financial data.

The social-media giant has asked large U.S. banks to share detailed financial information about their customers, including card transactions and checking-account balances, as part of an effort to offer new services to users.

Facebook increasingly wants to be a platform where people buy and sell goods...


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