Rumours are flying that Facebook wants to move into the financial services arena, and Australia is tipped to be first in line. The idea is apparently being tested with the Commonwealth Bank this year. But is this something we should casually trust Facebook with?
Even more worrying than any concerns about getting hacked (which would probably never be an issue) is Facebook’s history with user privacy and what access the company would have to your info. I’m not sure I would ever link my financial data to Facebook. What about you? [Fortune]