Would like further info on following. A single wiki with all of the security/privacy queries and answers would be good. Still not sure about Monzo vs just using a payment app.
The answers on this link about chat verification security don’t fill me with loads of confidence, but then I need to do more research.
Newer Questions
@ianlyon: Whilst we couldn’t control the pricing decisions of third-party companies, when it comes to our planned Marketplace, we’d like to make sure that everyone on there is of an acceptably high standard and doesn’t charge rates that are over the odds; ultimately we’d like to save you money using the opportunities that Open Banking provides, so it’s not in our interests to promote companies on our own Marketplace that would do the opposite.
App and Mobile Security
How are you securing mobile phones and the app? Given android fragmentation, given for example lack of updates on older phones, not everyone will upgrade to the latest model?
Data Use Policy
How is my data from the app used?
How is it anonymised?
How will it be secured once someone closes their Monzo account?
I appreciate I think laws state you need to keep records, even with the data protection laws, it is more giving users control over their data, rather than it floating around online.
Redrafted
Can I export it when I close my Monzo accounts and will it be deleted soon after as per the protection laws, or will the data still exist as you use it to adjust, update your systems ect?