More than 70 percent of the financial technology (fintech) and banking applications (apps) analyzed in a Reserve Bank of India report have access to personal data, potentially invading users’ privacy, such as media and storage on communication devices, and can track their location. It analyzed 339 fintech and banking apps listed on the Google Play Store. Mobile wallets were noted to request the most sensitive permissions.
More than 70 percent of the financial technology (fintech) and banking applications (apps) analyzed in a Reserve Bank of India report have access to personal data, potentially invading users’ privacy, such as media and storage on communication devices, and can track their location. It analyzed 339 fintech and banking apps listed on the Google Play Store. Mobile wallets were noted to request the most sensitive permissions.