Last updated: 5 Sept. 2024
At Zumr, we are committed to safeguarding your Personal Data while delivering seamless financial services to you. This Data Privacy and Usage Policy ("Policy") details our approach to managing your Personal Data, emphasizing transparency, security, and your rights as a user.
Definitions
Collection and Use of Personal Data
Your Personal Data is integral to the services we offer. We collect and use this data to enhance our service delivery, maintain security, fulfill legal obligations, and improve the overall user experience. This can include:
Legal Basis for Data Processing
We process your Personal Data based on several legal grounds, including the necessity to fulfill our contractual obligations to you, compliance with legal requirements, and our legitimate interests in improving our services. In cases where we rely on your consent, you have the right to withdraw it at any time without affecting the lawfulness of the processing carried out before the withdrawal.
Sharing and Protecting Your Data
Enhanced Data Security
Protecting your Personal Data is our top priority. Our security measures, aligned with our robust cybersecurity policy, include implementing advanced encryption for data in transit and at rest, using SSL encryption for secure data transmission, and employing secure storage protocols for sensitive information. We also enforce strict access controls, including rule- and role-based access management, to ensure that only authorized personnel can access critical data. Our security framework is further reinforced through regular security audits, vulnerability assessments, and continuous monitoring to detect and mitigate potential threats in real time.
Continuous Monitoring and Compliance
We regularly monitor our data practices to ensure they comply with legal standards and internal policies. Our dedicated team oversees these efforts, ensuring adherence to data privacy commitments.
Amendments
This Policy may evolve to reflect changes in our services, legal landscape, or user feedback. Regular reviews ensure its relevance and effectiveness.
Under the Supervision of CBO's Fintech Regulatory Sandbox, learn more.
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