Privacy Policy
We take your privacy seriously and are committed to protecting your personal information. This policy explains how we collect, use, and safeguard your data when you use our smart budgeting services.
1 Information We Collect
When you use Technoid-X's smart budgeting platform, we collect several types of information to provide you with personalized financial management tools and improve our services.
Personal Information
Name, email address, phone number, and other contact details you provide when creating your account or contacting our support team.
Financial Data
Bank account information, transaction history, spending categories, and budget preferences necessary for our budgeting features.
Usage Information
How you interact with our platform, including features used, time spent, and navigation patterns to enhance user experience.
Device Data
Information about your device, browser type, IP address, and operating system for security and compatibility purposes.
2 How We Use Your Information
Your information helps us deliver effective budgeting solutions and maintain the security of our platform. We use your data for several specific purposes:
- Provide personalized budget recommendations and financial insights based on your spending patterns
- Process and categorize your financial transactions automatically
- Send important account updates, security alerts, and service notifications
- Improve our algorithms and develop new features for better financial management
- Ensure platform security and prevent unauthorized access to your account
- Comply with financial regulations and legal requirements in South Korea
- Provide customer support when you need assistance with our services
3 Data Storage and Security
We employ industry-standard security measures to protect your financial information. All data is encrypted both in transit and at rest using AES-256 encryption standards.
Your information is stored on secure servers located in South Korea, ensuring compliance with local data protection regulations. We maintain regular security audits and updates to protect against emerging threats.
Access to your personal and financial data is restricted to authorized personnel who need this information to provide our services. All staff members undergo regular privacy and security training.
4 Information Sharing
We do not sell, rent, or trade your personal information to third parties. However, we may share limited information in specific circumstances:
- With trusted service providers who help us operate our platform, subject to strict confidentiality agreements
- When required by Korean financial authorities or legal processes
- With your explicit consent for specific partnerships or integrations you choose to enable
- To protect against fraud, security threats, or other illegal activities
- In the event of a business merger or acquisition, with prior notification to affected users
5 Your Rights and Control
Under South Korean privacy laws and our commitment to transparency, you have several important rights regarding your personal information:
Access Your Data
Request a copy of all personal information we hold about you, including how it's being used and who it's shared with.
Correct Inaccuracies
Update or correct any personal information that is outdated, incomplete, or inaccurate through your account settings or by contacting us.
Delete Your Account
Request complete deletion of your account and associated data, with some information retained as required by financial regulations.
Data Portability
Export your financial data in a structured format to use with other budgeting services or for your personal records.
Restrict Processing
Limit how we use your information while maintaining essential account security and regulatory compliance requirements.
Withdraw Consent
Revoke permission for optional data uses like marketing communications or feature improvements based on usage analytics.
6 Data Retention
We retain your personal and financial information only as long as necessary to provide our services and comply with legal obligations.
Account information and transaction data are typically retained for seven years after account closure, as required by South Korean financial record-keeping regulations. However, you can request earlier deletion of non-essential data.
Usage analytics and aggregated data may be retained longer for service improvement purposes, but this information cannot be linked back to individual users.
7 Cookies and Tracking
Our platform uses cookies and similar technologies to enhance your experience and ensure proper functionality. These include session cookies for maintaining your login status and preference cookies for remembering your settings.
We also use analytics cookies to understand how users interact with our platform, helping us identify areas for improvement. You can manage cookie preferences through your browser settings, though some features may not function properly if essential cookies are disabled.
8 International Transfers
Your data is primarily processed and stored within South Korea. In limited cases, we may transfer information to trusted international service providers who assist with technical infrastructure or support services.
Any international transfers are conducted with appropriate safeguards, including contractual protections and compliance with cross-border data transfer regulations. We ensure that international partners maintain equivalent security standards.
9 Changes to This Policy
We may update this privacy policy periodically to reflect changes in our practices, technology, or legal requirements. When significant changes are made, we'll notify you through email or prominent notices on our platform.
We encourage you to review this policy regularly to stay informed about how we protect your information. Continued use of our services after policy updates constitutes acceptance of the revised terms.
Privacy Questions or Concerns?
If you have questions about this privacy policy or want to exercise your data rights, please don't hesitate to reach out to our privacy team.
This privacy policy was last updated on March 15, 2025