this post was submitted on 26 May 2024
15 points (100.0% liked)
Aotearoa / New Zealand
1648 readers
14 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use !politics@lemmy.nz
- Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
- If you need help using Lemmy.nz, go to !support@lemmy.nz
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Is this going to give retailers access to account histories etc? Insurance companies?
From my understanding, the answer is yes, on an opt in basis. Any organisation (that signs up and follows the rules) can request access and you need to approve a prompt.
However, the 30 May date is just for payments. Account sharing comes later and depends on the bank.
However, if you're worried about moving into a world where this is required... You're probably right to be worried.
It's not exactly opt in if it's "share your data or we won't give you insurance".
It is going to be share your data or no insurance.
Damn, these are dark times, just around the corner.
This will crush people. We think Americans have it rough. Just wait.
They'll already insist on whatever information they feel is useful. This just saves them from scanning in your statements.
And working in finance (in UK & Europe), they generally collect and keep as little data as is necessary anyhow - personal data is a pain to safely manage these days, and I'm always keen to be responsible for as little of it as possible.
You live in Europe. I live in Australia. I don't know about NZ, but it's the wild west here. I don't trust any of these companies.
Insurance bot: Oh look... makingStuffForFun is buying more sugary items this month. And alcohol. Up their insurance.