Toward a Privacy-Enhancing Electronic Value Exchange
Modern retail banking creates a kind of panopticon for consumer behaviour, ultimately promising to implement a mechanism that binds all of the financial activities undertaken by an individual to a single, unitary identity. In the age of Big Data, consumers have legitimate reasons to resist such surveillance, particularly in cases wherein monitoring is carried out without their knowledge and judgments based upon such monitoring are used to disincentivise or punish legitimate activities.