At Verifany, we prioritise the security and privacy of our users’ financial data. This Data Policy outlines our practices regarding access, storage, and handling of user data, ensuring transparency and trust.

I. Access to Your Data

Scope and Duration of Access

Consent-Based Access

Verifany accesses your financial data only with your explicit consent. This access is granted specifically for the purpose of answering the verification questions you have authorized.

One Time Access Only

Our access to your financial data is one-time only. Once we retrieve the necessary information to respond to your verification queries,our access is automatically revoked within 24 hours and we do not have access to your bank data.

No Data Queuing or Storage

We do not queue or store your financial data on our systems. This means that once we have accessed your data and completed the verification process,no financial information remains in our possession.

II. Data Storage on Our System

Minimal Data Retention Policy

Temporary Data Handling

Any data retrieved from your financial accounts is used solely to generate the verification responses. Once the verification is complete the data is immediately and permanently deleted from our systems.

No Need for Revoke Mechanism

Since we do not store your financial data, there is no need for a data revocation mechanism. Our system is designed to ensure that no user financial data is retained beyond the verification process.

Ensuring Data Privacy and Security

Encryption

All data transactions are encrypted using state-of-the-art protocols to protect your information during transmission.

Compliance

Verifany complies with all relevant data protection regulations, including GDPR. We ensure that your data is handled responsibly and in accordance with legal requirements.

Data Use Transparency

Purpose Limitation

Your financial data is accessed strictly for the purpose of answering the specific verification questions you have selected. We do not use your data for any other purposes.

User Control

You have full control over the verification process.You can select the specific questions you want to answer and grant consent accordingly.

Conclusion

At Verifany, we are committed to maintaining the highest standards of data privacy and security. By adhering to this Data Policy, we ensure that your financial data is handled with the utmost care, and no unnecessary data retention occurs. Trust Verifany to provide secure and reliable financial verifications without compromising your data privacy.

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