Learn in the textbookSNS and the Data-Utilization Society
DefinitionAn information bank (情報銀行) is a business that holds and manages personal data under a contract with the person and provides it to third-party companies within the scope of the person's consent.
ExplanationThe person does not have to research each recipient company one by one, yet the data is still put to use on the terms they set. Decisions about recipients follow the person's instructions or the conditions the person has stated.
AnalogyLike a bank where you deposit money and leave its management to them, except what you deposit is data.