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Australians trust banks with their personal data

  • Written by Khilen Shah

The Research

In modern society, many of us find ourselves giving more and more of our personal information to better experience and use products/services provided by a range of industries. One of those key industries being the banking and financial services sector.


The countries which trust banks and financial service providers the most and least with their personal data

Rank

Country

% Trust

1.

Poland

85%

2.

Indonesia

70%

3.

Germany

68%

3.

India

68%

4.

Sweden

61%

5.

United Kingdom (UK)

59%

6.

Denmark

57%

7.

United Arab Emirates (UAE)

56%

7.

Australia

56%

8.

China

53%

9.

Singapore

52%

10.

Hong Kong

50%

11.

Mexico

49%

12.

United States (US)

45%

13.

Spain

43%

14.

Italy

38%

15.

France

37%

Interested in data protection, MoneyTransfers.com analysed the latest data from YouGov, to establish which countries in the world most and least trust banks and financial service providers with their personal data.

 

The Results

MoneyTransfers.com found that Poland is in the number one spot as an overwhelming 85% of Poles trust banks and financial service providers with their personal data.

In second position is Indonesia, where 70% of Indonesians are confident banks and financial service providers diligently handle their personal data.

Germany and India are in joint third place, as 68% of citizens in each respective country believe banks and financial service providers are competent and ethical in their management of personal data.

Sweden (61%) and United Kingdom (59%) are among the other countries where over 57% of citizens in the respective countries have faith in banks and financial service providers with their personal data, respectively ranking fourth and fifth.

Australia is in joint seventh place as 56% of Australians trust banks and financial service providers with their personal data.

At the other end in 15th position is France as French citizens are the most sceptical, only 37% trust banks and financial service providers with their personal data.

Just above France is Italy in 14th place, as only 38% of Italians are confident about how banks and financial service providers oversee and use their personal data.

 

Methodology:

  1. YouGov surveyed up to 2,251 individuals (adults 18+) in each of the 17 included countries: United Kingdom, United States, China, Germany, France, Italy, Denmark, Sweden, Spain, Poland, Mexico, United Arab Emirates, India, Australia, Indonesia, Hong Kong and Singapore.

  2. In each of the respective countries, those surveyed were simply asked: “Do you trust banks and financial service providers with your personal data?”

  3. The figures provided in the final results/data table is the % from those surveyed in each respective country who do trust banks and financial service providers with their personal data.

 

https://moneytransfers.com/  commissioned the data.

 

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