Lawsuit Targets Revolut’s Data Handling Policies
In an unfolding legal dispute, Revolut, a UK-based fintech giant, finds itself embroiled in a lawsuit filed in Illinois.
The lawsuit alleges that Revolut has been handling customers’ biometric data in ways that may have breached privacy laws.
At the heart of the issue are the procedures for individuals signing up as Revolut customers. Prospective users are required to submit identification photos along with a selfie, which are then scrutinized using facial recognition software to confirm their identity.
The plaintiff, Tina Haralampopoulos, claims that Revolut’s practices run against Illinois’ Biometric Information Privacy Act (BIPA). The lawsuit contends that Revolut failed to inform applicants adequately about how their biometric data would be collected, stored, or disposed of and that explicit consent was not obtained.
Furthermore, the legal filing suggests that Revolut withheld information about any involvement of third parties in this biometric data processing.
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The crux of the matter, according to the plaintiff’s legal team, revolves around the potential risks to consumer privacy posed by the use of biometric identification software during the registration process. Haralampopoulos emphasizes the lack of transparency, asserting that applicants are left unaware that their biometric identifiers are being collected.
In response to these allegations, Haralampopoulos seeks legal intervention to declare Revolut’s actions as violations of the BIPA. The plaintiff aims for an injunction to halt Revolut’s collection of biometric data and to pursue compensatory damages.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
