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Klarna users are being signed in to random accounts

(twitter.com)
475 points danielstocks | 1 comments | 27 May 21 10:28 UTC | HN request time: 0.219s | source
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ecmascript ◴[27 May 21 11:10 UTC] No.27301525[source]▶
Time to GDPR my account on klarna then.
replies(1): >>27302679 #
onoira ◴[27 May 21 13:14 UTC] No.27302679[source]▶
You can't—at least in Sweden—remove much from Klarna.

Your marketing profile is tied in with their accounting system. The law requires them to store accounting data for at least 7 years, with no obligation to actually remove it once that time is up. Since the accounting laws supersede the GDPR: they can hoard data pretty effectively.

The Swedish 'Data Protection Authority' tried to launch (yet another) investigation for their shady practices, but Klarna strategically applied for bank status and now the reach and power of the data authority is cripplingly limited.

replies(4): >>27303048 #>>27303534 #>>27304218 #>>27341856 #
1. speapr ◴[27 May 21 15:26 UTC] No.27304218[source]▶
I believe you that Klarna are shady about how they manage data, however, my understanding was that they got a banking license because they want to fund themselves via brokered deposits? A banking license means that they can get money from anyone in the EU and it will be insured up to €100,000. Without this, almost no one would want to deposit with them.

If you have other information about other reasons they might have become a bank, I would be genuinely interested in hearing them.