[raman162]

I think the adoption of 3d secure will be better in preventing fraud than giving banks more access to my personal information.

I suspect access to this information won't be limited to fraud detection but loans, mortgages, etc.

What happens to people like me who don't really use social media as well?

[freedomben]

I'm in that same boat. My guess is it's going to end up being just like having no credit previously. The advice is to open a credit card and use it a little bit every month and pay it off entirely to build up your credit. They will recommend creating social media accounts and posting a little bit regularly so that your social media credit score can build.

I'm afraid we are building ourselves a tech dystopia, not the bright future that most of us have thought.

[JohnFen]

> They will recommend creating social media accounts and posting a little bit regularly so that your social media credit score can build.

Hey, now there's a great use for genAI. If we decline to the point where social media use is basically required, I'd totally just set up an LLM to post made-up stuff automatically for me so I won't have to bother doing it myself.

[ta988]

They are not talking about that, they are trying to catch money laundering and traffics etc. And using that as an excuse to suck all of people data for marketing.