5-Jan-18, Channel News Asia
Ant Financial has got into trouble in China for automatically enrolling customers in its credit-scoring system without their permission. The system gave Ant rights to their personal financial data, including information on income, savings and spending habits.
%20International%20Supermarket%20News.jpg "Chinese consumers spend USD10 bn on health on Alibaba (c) International Supermarket News")
Image: International Supermarket News
The Cyberspace Administration of China ordered Ant to fix the system and ensure similar incidents don’t happen again.
Controlled by Alibaba co-founder Jack Ma, Ant Financial provides mobile payment, lending, and credit services to millions of Chinese consumers.