Lenders are turning to social media to assess borrowers!

Lenders are turning to social media to assess borrowers!

Posted Posted in Actual Cases

VISITING the homes of poor Africans who want to borrow money helps Finca International, an American microfinance firm, weed out likely deadbeats. If an applicant has an indoor toilet, or household gifts from a relative working abroad, that is a good sign. Interviewing neighbours also helps, says Mike Gama-Lobo, who looks after Finca’s operations in […]

Antitrust body fines Whatsapp due to sharing of data with Facebook

Antitrust body fines Whatsapp due to sharing of data with Facebook

Posted Posted in Actual Cases

ROME: Italy’s antitrust watchdog said on Friday it was imposing a 3 million-euro ($3.3 million) fine on messaging service Whatsapp for allegedly obliging users to agree to sharing their personal data with its parent company Facebook. All 28 European Union data protection authorities asked Whatsapp last year to stop sharing users’ data with Facebook due […]