As per the report, Facebook wants to come to a mutual arrangement with banks to share data to improve the quality of services offered to the users.
This is not the first time when a tech giant has approached banks and financial institutions to grab the large pool of data that exists with them. Earlier, attempts have been made by Google and Apple as well.
Soon the report made headlines on many tabloids; further tarnishing the image of Facebook in relation with users’ data. However, Facebook has completely denied any such “data sharing” aspect.