Privacy Policy for the "Finassets" Mobile App

This Privacy Policy (hereinafter referred to as the "Policy") governs the collection, storage, use, transfer, and protection of personal information provided by users of the "Finactive" mobile application (hereinafter referred to as the "App") during its use. By using the App, you consent to the processing of your personal data as described in this Policy.
1. Types of Data Collected and Processed
We receive and process the following categories of data:
  • Identification and Profile Data:
  • First and last name (optional, for personalization).
  • Mobile phone number and/or email address.
  • Account credentials for syncing with cloud services (if this feature is used).
  • Financial and Accounting Data (entered manually by the user or imported):
  • Information about accounts, bank cards, loans, deposits, and investment portfolios (bank name, product type, currency).
  • Transaction data, income and expense amounts, spending categories.
  • Information on assets and liabilities.
  • Technical Data:
  • IP address, operating system type and version, device model.
  • Unique device identifiers (IDFA/GAID if marketing consent is given, push notification tokens).
  • In-app activity history (error logs, session times), cookie data, and similar technologies for analytics.
  • Security Data:
  • PIN code, pattern lock, or biometric data (e.g., fingerprint or Face ID/Touch ID for app login).
  • Important: Biometric data is processed exclusively on your device (locally) and is not transmitted to Finactive's servers. The app only receives a system-generated confirmation of successful authentication.
2. Purposes of Processing Personal Information
Data collection and use are carried out exclusively for the following purposes:
  • Providing Functionality: Registration, identification, login, creating backups of your financial records, and ensuring calculators and charts work correctly.
  • Data Synchronization: Enabling access to your financial records from multiple devices under a single account.
  • Security and Compliance: Ensuring the security of your account and the confidentiality of your financial data; preventing fraud; complying with applicable laws.
  • Technical Support: Diagnosing issues, ensuring uninterrupted operation and functionality of the App, and updating and improving it.
  • Analytics and Service Improvement: Analyzing user behavior to optimize the interface, fix bugs, and improve the quality of personal finance management services (without accessing specific transaction amounts).
  • Marketing: Sending personalized offers, product news, and helpful financial literacy materials (only with your separate, explicit consent).
3. Data Sharing with Third Parties
We do not sell your personal or financial data. Information may be shared with third parties strictly in the following cases:
  • Partners and Service Providers: We may share technical data and email addresses with trusted subcontractors who provide services on our behalf (hosting services, analytics platforms, email distribution services, technical support). All such partners are bound by confidentiality obligations and provide a level of protection no less than that stated in this Policy.
  • Government Authorities: In cases expressly provided for by applicable law, we may disclose information in response to justified and lawful requests from government authorities.
  • Marketing Platforms: Data is shared for advertising purposes only in anonymized form or with your direct consent to receive advertising.
4. Data Storage and Protection Measures
To protect your personal and financial information, we take all necessary organizational and technical measures, including:
  • Encryption: Use of modern cryptographic protocols (TLS/SSL) for data transmission over networks; server-side database encryption.
  • Access Control: Strict segregation of access rights to personal data among a limited number of employees and technical personnel.
  • Regular Monitoring: Ongoing auditing and monitoring of security systems to detect and prevent vulnerabilities and unauthorized access.
  • Retention Periods: We retain your personal data until you delete your account within the App, or for the period established by applicable law for financial records.
5. Your Rights
You have the following rights regarding your data:
  • Right of Access: To request confirmation of whether your personal data is being processed and to receive information about the composition of that data.
  • Right to Rectification: To request correction or updating of inaccurate or incomplete data (most data can be edited directly in the "Profile" or "Settings" section).
  • Right to Erasure: To request deletion of your account and all associated personal data.
  • Right to Restriction of Processing: To request a suspension of data processing in certain situations (e.g., while its accuracy is being verified).
  • Right to Withdraw Consent: To withdraw your consent to data processing for marketing purposes at any time (via the "Unsubscribe" link in emails or in-app settings). Withdrawal of consent does not affect the lawfulness of processing based on consent before its withdrawal.
  • Right to Lodge a Complaint: To file a complaint with the relevant supervisory authority for data protection.
6. Final Provisions
We reserve the right to make changes to this Policy. The current version of the Policy is always available in the "About the App" or "Settings" section of the App. If we make material changes, we will notify you through the App or via the contact information you have provided.
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