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Concerns over fintech data sharing.

Many consumers are using fintech apps to manage and invest their money, but new research from New York-based payment-systems provider The Clearing House has found that most consumers are worried about who’s seeing their data, want more control over it and expect their credit unions or banks to take the lead in protecting that data.

The survey of more than 2,000 U.S. banking consumers found that about one-third have used at least one fintech app in the past year, but 89% are concerned about data privacy and data-sharing. About half said they are uncomfortable sharing payment and financial information with the apps.

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Tina Orem

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