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Facebook denies reports it asked banks for users' financial data
10 August 2018, 05:35 | Casey Mitchell
Image The FBI has warned about a Facebook scam which targeted one of its staff
Facebooksaid it's looking to get more banks and financial companies to offer services on its Messenger app, say by allowing a customer to message with his or her bank as an alternative to phone services, but it's not actively asking for data related to financial transactions. Facebook-owned Instagram recently launched a set of AR filters on its platform that let users try on lipstick shades from Kylie Jenner's cosmetics company - a clear nod to future money-making opportunities in AR for the company. From there, their friends will be notified if they are being challenged.
Linking users' bank account to Facebook's Messenger will enable them to receive real-time updates of their transaction data such as account balances, receipts, and shipping updates.
Facebook has refuted claims that the company approached banks to access customers' financial data to add new services to its Messenger platform.
Currently, there are two AR games, 'Don't Smile' and 'Asteroid Attack' that are available to play.
Facebook also pledged that it would not use the bank clients' information for advertising, and keeping personal data safe and secure was a critical part of such a partnership. The two games: see who can hold a serious face the longest with "Don't Smile", or see who can better navigate their spaceship with "Asteroids Attack" are bring introduced for now, but Facebook has plans to introduce more such AR games in "the coming weeks and months".
Facebook said some users opted in to accessing some financial information in its Messenger app. The person on the other end of the video call will get a notification that you've started the game, and both the users can then indulge in some play time.
Malaysia's ex-PM Najib pleads not guilty to money laundering
Najib and his allies are accused of plundering billions of dollars from 1MDB to buy everything from U.S. real estate to artworks. Malaysian financier Low Taek Jho (better known as Jho Low) allegedly bought the yacht using funds stolen from 1MDB.