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AIB looking at your Social media as part of the mortgage application process .. ( against GDPR? )

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'Big Brother' AIB now spying on customers' social media accounts - Independent.ie

The AIB banking group has been accused of playing Big Brother with its customers after it emerged that it spies on customers' social media accounts.

This means the lender is trawling through Facebook, Twitter, YouTube and other social media accounts held by customers for comments on its service.

The bank tells customers that the move "helps us understand your behaviour".

As part of the mortgage application process, customers are now required to sign a consent form, which gives permission for a range of things, such as a credit check, to be carried out on them and to allow their social media accounts to be looked at by the bank.

It applies to those seeking mortgages with AIB and its subsidiaries, EBS and Haven. AIB Group is 71pc-owned by the State and is the Republic's biggest mortgage lender.
Immediately when I saw this it struck me that surely this does not comply with the new GDPR coming along on May 25th 2018? ( see bold part above )

Apparently no tick box any where on the form to opt in / opt out of giving consent. So its the signing that does the opt in to everything on the form rather than an empty tick box with a Q asking do you consent to us trawling your social media accounts.

I can only conclude that the get around GDPR thing from AIB perspective here is DONT SIGN THE FORM, then you are not consenting BUT also then your chance of getting a mortgage from us goes way down? However I assume under GDPR all this would need to be clearly stated somewhere easily found on the form?

Thoughts ...
 

Tadhg Gaelach

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We are accelerating towards Orwell's 1984 at an ever increasing pace.
 
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AT 1.24pm today ( contrary to Charlie Westons article?? )

Hi Eileen, AIB takes data protection very seriously and is fully compliant with all of its responsibilities, we do not monitor individual customer social media accounts, thanks ^RF
 
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AIB denies making decisions based on social media data

AND SO the story moves on with a DENIAL :D

AIB has denied that it carries out checks on customer social media accounts or that it makes decisions using customers' social media data.

A story in today's Irish Independent stated that as part of the mortgage application process, customers give the bank consent to look at their social media accounts.

In a statement, AIB, which is majority State owned, said the only individual social media data the bank uses is when a customer contacts the group through its social media channels.
Historically though one would have to ask what they were doing up to now? Is this just a bright new idea that the AIB were considering? Or is it going on all the time .. now i could stand accused of naiveity :D

Could they have even been using CA type external agencies to "gleen" this soc media data?
 
D

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ive 53 euro in my account(AIB) and no facebook page. victory to the IFUF.
 
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The Countries That Would Profit Most from a Cashless World
Theres isnt much benefit for people to go cashless in Ireland or Sweden.
Unless you think this one touch thing is great so you can save yourself a few seconds.

It is of big benefit for the banks, as they dont have to run/supply the atm's
And its great for governments/corporations regards control of your money, and you etc..

A Cashless Society – It is Coming | Gold Telegraph
The banks, of course, are charging as many fees as they can think of. More importantly, your cash card leaves a wide data trail detailing your buying preferences, used by merchants and advertisers to entice you into more buying. How convenient. These thoughtful companies even offer reward points every time you use the card. Cash offers the ultimate in privacy. Your cash card might as well be a walking billboard.

The government, of course, is extremely interested in your spending habits. The taxing authorities use an electronic money trail to monitor your spending and ensure against tax evasion. In addition, cards save the government the cost and trouble of printing and storing additional currency.

Your electronic purchase trail is nirvana to large corporations. Knowing your spending habits allows them to customize their ads to an ever-larger consumer base. They know what you need before you do and are ready to entice you with specials, sales and “act now” deals.

Monitoring against illegal habits, tax evasion, and money laundering may be considered a positive move. Increased spending can give the economy a boost (even as it depletes your bank account). No one, however, discusses the insidious dangers inherent in the move toward a cashless society.

One of the largest perils is that it all but eliminates financial prudence. You’re not handing over cash, but a mere card. The psychological difference is enormous. Cash forces you to consider your purchases as your wallet is depleted. Will there be enough green to purchase dinner? A cash card handily removes that mental obstacle and skews your perception of precisely how much of your hard-earned money is leaving your possession. Bank statements and easy credit terms are far off, so they don’t merit a great deal of consideration.

Millennials, who have embraced card purchases with considerable enthusiasm, can also be lacking in financial knowledge. They are the major group being targeted by lending institutions, and almost half of them don’t know what their interest rates are or about late fees. Easy spending without adequate financial acumen can be a dangerous combination. Greater financial education would be a positive move toward wiser spending and saving habits. However, retailers have much to gain by keeping consumers in the dark as they continue to entice with “special offers” and one-click online shopping.

Cash transactions are declining globally, and the poorest members of society are feeling the backlash. Approximately 7 percent of Americans do not have bank accounts, and the number of homeless has increased for the first time since 2010. The lack of cash has marginalized those who are most vulnerable.
All that data will be available to them and used in a public social credit scoring system, with a score assigned to you.

China leading the way, this is the corporate version of the credit score systems.
Tencent Credit Score Launching Soon On WeChat & QQ - China Channel

This is the government planned one Planning Outline for the Construction of a Social Credit System (2014-2020)

The swedes seem to be experiment central Swedes are embedding microchips under skin to replace ID cards - Busi… in the EU, so i would watch them for where they are driving us next, and no doubt paddy will be fast in adopting it.
 
D

Deleted member 1918

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The Countries That Would Profit Most from a Cashless World
Theres isnt much benefit for people to go cashless in Ireland or Sweden.
Unless you think this one touch thing is great so you can save yourself a few seconds.

It is of big benefit for the banks, as they dont have to run/supply the atm's
And its great for governments/corporations regards control of your money, and you etc..

A Cashless Society – It is Coming | Gold Telegraph


All that data will be available to them and used in a public social credit scoring system, with a score assigned to you.

China leading the way, this is the corporate version of the credit score systems.
Tencent Credit Score Launching Soon On WeChat & QQ - China Channel

This is the government planned one Planning Outline for the Construction of a Social Credit System (2014-2020)

The swedes seem to be experiment central Swedes are embedding microchips under skin to replace ID cards - Busi… in the EU, so i would watch them for where they are driving us next, and no doubt paddy will be fast in adopting it.
maybe paddy wont. maybe he'll say to hell with this mark of the beast stuff u can stick it up ur hole.
 
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maybe paddy wont. maybe he'll say to hell with this mark of the beast stuff u can stick it up ur hole.
People love this shit, buying things with one tap is like future tech to most clowns, and think its great they can save an extra 10 seconds to use for browsing their social media. They will line up to get chipped. Most people cannot see issues with cashless or social media based credit scores and the little power and freedom cash and not having every action recorded in some database somewhere, still allows us in society. And if the vast majority sign up for all this shit, those left behind will either be marginailised or have to jump through hoops to work within the same system. No social media access, sorry we cannot see what you do in your private lives, so no loans for you. Eventually those that dont comply get weeded out.
 
D

Deleted member 1918

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GUEST
People love this shit, buying things with one tap is like future tech to most clowns, and think its great they can save an extra 10 seconds to use for browsing their social media. They will line up to get chipped. Most people cannot see issues with cashless or social media based credit scores and the little power and freedom cash and not having every action recorded in some database somewhere, still allows us in society. And if the vast majority sign up for all this shit, those left behind will either be marginailised or have to jump through hoops to work within the same system. No social media access, sorry we cannot see what you do in your private lives, so no loans for you. Eventually those that dont comply get weeded out.
the IFUF will not take the mark. end of. we will starve first.
 
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