Most fintech, banking apps tap into users' location, other information

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The story "Most fintech, banking apps tap into users&#039; location, other information" was covered 7 hours ago by Business Standard, a news publisher based in India.

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Most fintech, banking apps tap into users' location, other information - Business Standard

Quick Summary:

The integration of fintechs and e-commerce platforms may increase consumers' vulnerability to the misuse of their personal and confidential information, noted the report.

Although Indian apps are better placed in sharing data with third parties, they are behind the US and the EU in matters like data encryption and the choices provided to users to request deletion of data.

The comparative analysis covered 40 apps each for the US and the EU and 181 apps in India, to assess the data safety practices of fintech apps in these regions.