Top 20 companies holding Brits financial data - UKTN (UK Technology News
During the COVID-19 pandemic, lockdown has played as a catalyst for acceleration of digitisation when people wanted to attend events virtually, shop groceries online and much more while staying at home. Consequently, there was a greater need for people to share their financial data with services.
Relatively, Mine, an Israeli cybersecurity startup, has recently come up with a report with unique insights that consumer's financial data footprint has more than quadrupled. The platform that helps consumers take ownership of their data online has announced that consumers' financial data footprint has grown by 400% since before the pandemic and the global average person's data is held by 350 companies. Of these, 60 companies are said to have Brits' financial data.
As per the findings of Mine, prior to the outbreak of Covid-19, 25% of the top 20 companies holding Brits financial data were travel companies including Booking.com, Airbnb, Easyjet, Trainline and British Airways, which is only 10% now. However, the scenario has changed in the period while we were at home. As of now, the top 20 companies that are most trusted to hold the financial data by Brits are gaming companies.
Gal Ringel, CEO and Co-founder of Mine said, "As the world is slowly going back to normal we expect to see a new hybrid way of consuming that will combine the digital world with the physical world. People's financial data footprint has grown an astounding 400% since the start of the pandemic and I have no doubt the digital acceleration and use of remote services, including more online payments and sharing financial data, will continue as people utilise online services.
This trend, combined with on-going data breaches highlights the importance of keeping a lean digital footprint by keeping track of who has our data – especially very sensitive data like our financial details. The onus also lies with businesses to make sure the financial data they hold is kept safe and sound, and importantly, once a user is done using the service, there are simple steps in to efficiently implement their 'right to be forgotten."
Having said that, let's take a look at the top 20 companies trusted by Brits to hold their financial data here.
PayPal
The American company is an expert in online payments systems and money transfers. PayPal was founded by Peter Thiel, Ken Howery, Max Levchin, Luke Nosek and Yu Pan in 1998 and supports online money transfers where it serves as an electronic alternative to traditional paper methods.
Amazon
Founded in 1994 by Jeff Bezos, Amazon is also an American company focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies of the tech industry.
eBay
Another American e-commerce company based in California and founded in 1995 by Pierre Omidyar, eBay facilitates consumer-to-consumer and business-to-consumer sales through its website.
Apple
Everyone knows about this American multinational technology company specialising in consumer electronics, computer software, and online services. Founded by world icon Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976, it is the world's largest technology company by revenue.
FIS
FIS is an American Fortune 500 company offering a wide range of financial products and services. Headquartered in Florida, FIS was founded back in 1968. Recently, it has been in the headlines as it implemented permanent work from home, thereby encouraging remote working.
Uber
Uber is an online transportation network company headquartered in San Francisco, California. It operates worldwide offering services such as ride-hailing, food delivery, package delivery, couriers, freight transportation, and more. It was founded in 2009 by Garrett Camp and Travis Kalanick.
Argos
Argos is a catalogue retailer operating in the United Kingdom and Ireland. Founded in 1972 by Richard Tompkins, the company was acquired by Sainsbury's supermarket chain in 2016. The company trades both through physical shops and online.
Stripe
An Irish-American financial services and software-as-a-service company headquartered in San Francisco and Dublin. It offers payment processing software and application programming interfaces for e-commerce websites and mobile applications. The fintech was founded in 2009 by Patrick Collison and John Collison.
Eventbrite
US-based Eventbrite is an event management and ticketing website. The service allows users to browse, create, and promote local events by collecting a fee from event organisers in exchange for online ticketing services. Eventbrite was founded by Kevin Hartz, Julia Hartz and Renaud Visage in 2006.
Trainline
An international digital rail and coach technology platform with headquarters in London. It sells train tickets and railcards as well as provides free access to live train times and railway station information through its website and mobile app. It was founded by the Virgin Group in 1997.
Steampowered
A video game digital distribution service by Valve, Steam offers digital rights management (DRM), server hosting, video streaming, and social networking services. It also provides the user with installation and automatic updating of games, and community features such as friends lists and groups, cloud storage, and in-game voice and chat functionality. Founded by Gary Rowlands in 2003 in the US, the software provides a freely available application programming interface (API) called Steamwork.
Currys
Currys is a British electrical retailer operating in the United Kingdom and Ireland. Owned by Dixons Carphone, it sells home electronics and household appliances. Initially, it was started by Henry Curry to make bicycles in 1884.
Yocuda
Established in 2011 by Andrew Carroll in London, Yocuda gives retailers the power to identify and engage with 100% of in-store customers in real-time. The company helps drive a sustainable increase in revenue and profit by putting customers at the centre of all data-driven decision-making.
Trustpilot
A Danish consumer review website founded in Copenhagen, Denmark in 2007 by Peter Holten Muhlmann. It hosts reviews of businesses worldwide with nearly million new reviews being posted each month. It offers freemium services to businesses.
Booking.com
Headquartered in Amsterdam, Booking.com is an online travel agency for lodging reservations and other travel products. The website has over 28 million listings and is available in 43 languages. It was founded in 1996 by Geert-Jan Bruinsma in Amsterdam.
Spotify
Spotify is a Swedish audio streaming and media services provider founded in 2006 by Daniel Ek and Martin Lorentzon. It is the world's largest music streaming service provider, with over 356 million monthly active users, including 158 million paying subscribers to date.
ETSY
American e-commerce company Etsy focuses on handmade or vintage items and craft supplies under a wide range of categories including jewelry, bags, clothing, home décor and furniture, toys, art, as well as craft supplies and tools. It was established in 2005 in Brooklyn, New York by Rob Kalin, Haim Schoppik, and Jared Tarbell.
YouTube
YouTube is an American online video sharing and social media platform launched by Steve Chen, Chad Hurley, and Jawed Karim in 2005. After Google, YouTube is the most visited website worldwide, with over one billion monthly users.
Epic Games
Based in North Carolina, Epic Games is an American video game and software developer and publisher. It was established in 1991 by Tim Sweeney and Mark Rein.
Opayo
Opayo, formerly Sage Pay, is a payments processing service owned by Elavon. It operates in the UK and Ireland and provides online payments processing and products for face-to-face and telephone payments. It was founded in 2001 in London.
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