Policy Terms & Conditions
Introduction
Welcome to Finance Analytica. We are a fintech company specializing in compliance reporting and open banking solutions for financial institutions. Protecting your privacy and ensuring the security of your data is our top priority. This Privacy Policy explains how we collect, use, and share personal data when you engage with our services or visit our website.
We are committed to complying with the General Data Protection Regulation (GDPR), Payment Services Directive 2 (PSD2), and other relevant European and Swedish regulations.
Data Controller and Data Protection Officer (DPO)
Finance Analytica is the data controller responsible for your personal data. We have appointed a Data Protection Officer (DPO) to oversee compliance with this Privacy Policy. You can contact our DPO at work@financeanalytica.com for any questions or concerns about our data practices.
Data We Collect
We collect and process the following types of personal data:
– Client Identification Information: Company name, contact details, regulatory identification numbers.
– Financial Data: Account information, transaction details, payment data.
– Compliance Data: Regulatory reporting data, audit logs, and other compliance-related information.
– Technical Data: IP addresses, device information, and other data related to your use of our platforms.
– Usage Data: Data on how you interact with our services, including access logs and activity monitoring.
How We Collect Your Data
We collect data when you:
– Register for our services as a financial institution or partner.
– Use our compliance reporting and open banking platforms.
– Engage with our customer support or provide feedback.
– Automatically through cookies and other tracking technologies when you visit our website.
How We Use Your Data
We use your data to:
– Provide and optimize our compliance reporting and open banking services.
– Ensure that your institution complies with relevant European financial regulations.
– Facilitate secure and seamless open banking operations in accordance with PSD2.
– Communicate with you regarding regulatory updates, service changes, and other relevant information.
– Analyze and improve our services to better meet your compliance needs.
Legal Basis for Processing
Our processing of personal data is based on the following legal grounds:
– Consent: Where explicit consent is required, such as for marketing communications.
– Contractual Necessity: To provide services under the contract we have with you.
– Legal Obligation: To comply with regulatory requirements, including those under GDPR and PSD2.
– Legitimate Interests: For the security of our services and the proper management of our business.
Data Sharing
We may share your personal data with:
– Regulatory Authorities: To comply with legal obligations, including reporting requirements.
– Service Providers: To assist in the delivery and improvement of our services (e.g., cloud hosting, payment processors).
– Partner Financial Institutions: As part of open banking services, with appropriate consent and in accordance with PSD2.
International Data Transfers
As part of our compliance and open banking services, your data may be transferred outside the European Economic Area (EEA). We ensure that appropriate safeguards, such as Standard Contractual Clauses (SCCs), are in place to protect your data.
Data Retention
We retain personal data only for as long as necessary to fulfill our contractual obligations and comply with legal requirements. This includes data retention periods dictated by European financial regulations.
Your Rights
Under GDPR, you have the following rights:
– Right to Access: You can request access to the personal data we hold about you.
– Right to Rectification: You can request corrections to inaccurate or incomplete data.
– Right to Erasure: You can request the deletion of your personal data, subject to certain conditions.
– Right to Restrict Processing: You can request that we limit the processing of your data in certain circumstances.
– Right to Data Portability: You can request a copy of your data in a structured, commonly used format.
– Right to Object: You can object to the processing of your data based on legitimate interests.
Cookies and Tracking Technologies
We use cookies and similar technologies to provide and improve our services, analyze usage, and ensure secure access to our platforms. You can manage cookie preferences through your browser settings, though some features may be impacted.
Data Security
We employ robust technical and organizational measures to protect your data, including encryption, access controls, and regular security audits, ensuring compliance with both GDPR and PSD2 security standards.
Changes to This Policy
We may update this Privacy Policy periodically to reflect changes in our services or legal requirements. We will notify you of any significant changes by updating the date of the policy and communicating via our platform or email.
Contact Us
For questions or concerns about this Privacy Policy or your data rights, please contact us at:
– Email: work@financeanalytica.com
– Address: Skeppargatan 55, 114 59 Stockholm, Sweden
– Phone: +46 70 498 38 80
– DPO Contact: work@financeanalytica.com
Terms of Service
These Terms of Service (“Terms”, “Agreement”) govern your use of the services provided by Finance Analytica, a provider of compliance reporting and open banking solutions. By using our services, you agree to comply with these Terms.
Services
We provide services to financial institutions to facilitate compliance with European financial regulations, including but not limited to GDPR and PSD2, and to support open banking initiatives. Our services include:
– Compliance Reporting: Automated reporting tools for regulatory compliance.
– Open Banking Solutions: APIs and platforms for secure data sharing and integration with third-party providers.
– Regulatory Updates: Real-time updates and alerts related to European financial regulations.
User Accounts
To access our services, you must create an account with accurate and up-to-date information. You are responsible for maintaining the confidentiality of your account credentials and for any activities that occur under your account.
Compliance Obligations
As a user of our services, you agree to use them in a manner that complies with all applicable laws, regulations, and industry standards. This includes ensuring that your institution’s data handling practices meet the requirements of GDPR, PSD2, and other relevant regulations.
Fees and Payments
Our services are subject to fees as outlined in your service agreement. Payments must be made according to the agreed schedule. Late payments may result in suspension or termination of access to our services.
Intellectual Property
All content, software, and materials provided by Finance Analytica are protected by intellectual property laws. You are granted a non-exclusive license to use these materials solely for your institution’s internal compliance and open banking needs.
Limitation of Liability
To the extent permitted by law, Finance Analytica is not liable for any indirect, incidental, or consequential damages arising from the use of our services, including but not limited to data breaches or compliance failures.
Indemnification
You agree to indemnify and hold harmless Finance Analytica, its affiliates, and its employees from any claims, damages, or expenses arising out of your use of our services or your institution’s failure to comply with applicable regulations.
Governing Law
These Terms are governed by the laws of Sweden. Any disputes arising under these Terms will be resolved in the courts of Sweden.
Changes to These Terms
We may modify these Terms to reflect changes in our services or legal requirements. Continued use of our services following any changes indicates your acceptance of the new Terms.
Contact Us
For any questions about these Terms, please contact us at:
– Email: work@financeanalytica.com
– Address: Skeppargatan 55, 114 59 Stockholm, Sweden
– Phone: +46 70 498 38 80