BANKS should watch customer’s spending habits to spot those at risk of financial difficulty and debt problems, a new report suggests.
The data suggests that half of UK adults think their bank or building society should track their data to identify problems, with just one in ten disagreeing. But, half of people were also concerned about their privacy, with some worried their data may be given to third parties or used by their bank to make decisions about their finances.
Source: Loan Digest (loandigest.net)
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