Not sure who told you that you could get away without having a cookie opt-out option, but even in post-Brexit UK you still need this. Having the alternative to 'accept all our tracking' be a 'learn more' that just goes to a document is bullshit.
What else would you expect? The amount of flack people get they post a Show HN is getting out of control.
GDPR is not a new or surprising thing, and the absolute basics should be known by any developers working with private data. It's frankly shocking if they didn't know while starting a company in the UK, and I don't know if it's worse if they didn't know or didn't care.
This is a business that it will be vital that they are following regulations, and if they're skipping this, why should I trust they're following the rest?
Wise does this properly which makes me trust them straight away.
Edit. Don’t want to come off too harsh, just saying the cookie approach doesn’t help me trust the company compared to the main competitor.
A financial company playing fast and loose with the law, and especially data protection law, does not bode well.
One to avoid methinks.
That escalated quickly.
Pfft
The company clearly had poor legal advice and/or didn't think things through, yet they want my money and personal data? At the very least, you should consider this error analogous to the Van Halen 'no Brown M&Ms rider', in that it flags sloppy practice elsewhere [1].
[1] https://www.insider.com/van-halen-brown-m-ms-contract-2016-9
Also, their About Us page suggests that they are staffed by people from relevant financial services companies. Plus they are backed by some VCs who would not take risks by handing money to a company if they thought the legal side wasn't up to par.
We don't know why there wasn't an annoying cookie popup. So assuming that the company in general plays "fast and loose" doesn't seem warranted.
Frequently satirised in Private Eye [1] as the 'Fundamentally Complicit Authority' :-)
And I, like many, avoid business with any such companies who display a contempt for personal data.
If my ISP did such a thing, they would be very quickly reported to the Information Commissioner. Also, I think you will find the UK is beholden to the GDPR. It isn't simply an "EU cookie" law as you seam to imply.