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Facebook Reportedly Asks Banks To Share Customer Data

PYMNTS

In an effort to provide more services to its users, Facebook has reportedly asked banks to share customer information, such as checking account balances and card transactions, the Wall Street Journal reported. The social media platform doesn’t plan to share the information with other parties or use the data to target ads to its users.

Data 103
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Understanding the need to meet consumers where they are, many retailers have embraced chatbots as part of broader social media engagement strategies. Several lawsuits have already been filed in federal court by plaintiffs whose business-interruption claims were denied by a Wisconsin-based insurer. Source: CNN Business.

Industry 101
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32 Corporate Innovation Labs In Retail

CB Insights

The Innovation Center is the newest addition to Kohl’s Menomonee Falls, Wisconsin corporate campus. Notable Projects: Kellogg’s NYC has embraced social media. It focuses on collaboration between information technology, store planning, construction, and purchasing teams. L’Oreal — Open Innovation.