Deepa Seetharaman

speaker
54 appearances 1 recordings 1 series first heard Aug 2018 last heard Aug 2018

Deepa Seetharaman’s voice in public audio — every appearance, attributed to the second.

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Appearances

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Your Money Briefing.
Money and market stories from The Wall Street Journal.
Yeah, so here's what we know.
Facebook has had these conversations with banks over the last year, and they really
It's all part of this broader push to make Messenger a useful platform, a way to get things done, to shop, to bank potentially, to do a wide variety of things beyond just chatting with your friends.
And so it's been a big focus for Messenger specifically for the last few years.
And these discussions were part of a
push to to kind of get messenger to that place now what is facebook hoping to learn about the bank's customers from the data they've asked for what facebook has said monday was that they that this data wouldn't be used for advertising or any other purpose uh for the company besides allowing banks to build services on top of messenger uh of course facebook stands to benefit if uh
If these services are popular, people will use Messenger more.
That's how it benefits the company.
But for now, what Facebook is saying is that this data would just be used to provide useful services to bank customers over Messenger.
Yes, they have emphasized that again and again with us through the course of this reporting and again today.
This is not going to be used according to them.
The financial data that they get directly from banks would not be used to target ads, wouldn't be used for ranking or for the broader product.
It'll just be used for a potential hypothetical still feature.
No, I mean, it doesn't seem that anybody really knew that these conversations were happening until we reported it.
And it's not live for many banks.
You know, Facebook's had a lot of these conversations with banks like JP Morgan, etc.
And so this feature isn't live.
Yeah, exactly.
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