Two bits give me pause though:
Use of personal information
We process personal information for the purposes of:
5. providing you with information, products or services that you request from us or which we feel may interest you, where you have consented to be contacted for such purposes.
We may use and disclose information in aggregate (so that no individuals are identified) for marketing and strategic development purposes.
Whilst I love the idea of my banking becoming as usable as the my web infrastructure… I do fear a kind of ‘facebook-isation’ of my bank statement, where either individually or even aggregate (the difference seems that I’m followed around the internet by lamp adverts because I either bought one recently or people my age/gender are buying a lot recently).
I wondered if the Devs had any thoughts on that. Is it the sort of thing where - unlike facebook - you’ll be able to run the business of deposits from users and so won’t need to feed the advertising machine for cash. Or perhaps you reckon there’s a place for allowing services to tap into some recent transaction stings (so instead of lamp adverts I get lightbulbs?).
Other mainstream banks seem to be making noises about translating transactions into marketing revenue.
I’m not asking for a hard and fast commitment, nor for you to spool out the mondo playbook (I also understand that if you get bought out by Facebook, anything said now is at the whim of final owners)… but I’d be interested to know how you are approaching these questions and what you do and don’t feel is right for banks to be doing vis data sharing and marketing?