Matt clearly mentions that selling accurate consumer data as one of the ways to generate revenue.
It's not any worse than the current situation. Aren't banks already mining consumer data?
Safebank could possibly be a more ethical alternative.
BTW, credit unions charge fees like overdraft fees, wire transfer fees etc., only they charge a slightly lower price than banks.
The banks mine tons of data and use it to make profit off of you and I in more ways than you could imagine.
I find finance and technology fascinating, but the idea of a good citizen bank is very wishful thinking.
Matt clearly mentions that selling accurate consumer data as one of the ways to generate revenue.
It's not any worse than the current situation. Aren't banks already mining consumer data?
Safebank could possibly be a more ethical alternative.
BTW, credit unions charge fees like overdraft fees, wire transfer fees etc., only they charge a slightly lower price than banks.