Privacy Policy

This part sets our policy with regard to the personal information of a User of Open Financial Technologies’ (hereafter referred to as Open) services, obtained through its website or from any other means. By accepting this Privacy Policy and the Terms and Conditions, a User expressly consents to Open's collection, storage, use and disclosure of this personal information as described herein. We know that you care how information about you is used and shared and we appreciate your trust in us to do that carefully and sensibly. Please read the following statement to learn about our information gathering and dissemination practices.

By registering on our website, you are accepting this Privacy Policy. By mere use of the Website, you expressly consent to our use and disclosure of your personal information in accordance with this Privacy Policy. This Privacy Policy is incorporated into and subject to our Terms and Conditions.

Please read this Privacy Policy before using Website or submitting any personal or sensitive information or data.

Who and what this policy applies to

Collection of User Information

When you use our Website, we collect and store your personal information which is provided by you from time to time. This allows us to provide services and features that most likely meet your needs, and to customize our Website to make your experience safer and easier. We collect personal information from you that we consider necessary for achieving this purpose.

Open respects the privacy of its Users and is committed to protect such privacy as detailed herein. In addition, a User may encounter "cookies" or other similar devices on a web page. These are data collection devices to help analyze our web flow and measure promotional effectiveness. "Cookies" are small files placed on a User's hard drive that assist Open in providing services to its Users and giving a User information targeted to his interests. Most cookies are session cookies, meaning that they are automatically deleted from a User's hard drive at the end of a session. A User is always free to decline a cookie if his browser permits.
Once you create account (register) on Website and give us your personal information, you are not anonymous to us. Where possible, we indicate which fields are required and which fields are optional.  If you are unable to provide the information, we need, we may not be able to provide you with the product or service you have requested. 

The information that we collect from you would include:

Sharing of Information

Disclosure of your information may be required by us to provide you access to our services, to comply with our legal obligations, to prevent, detect, mitigate, and investigate fraudulent or illegal activities related to our services. We do not disclose your personal information to third parties except in accordance with the terms contained herein.

We may disclose personal information if required to do so by law or in the good faith belief that such disclosure is reasonably necessary to respond to subpoenas, court orders, or other legal process. We may disclose personal information to law enforcement offices, third party rights owners, or others in the good faith belief that such disclosure is reasonably necessary to: enforce our Terms and Conditions or this Privacy Policy; respond to claims that an advertisement, posting or other content violates the rights of a third party; or protect the rights, property or personal safety of our users or the general public.  

Data Retention

We will retain your information for as long as your account is active or as needed to provide our services.  We shall retain and use the information collected by us as necessary to comply with our legal obligations, resolve disputes or for other business purposes. If you cancel/ deactivate/ unsubscribe your account with us, we are not under any obligation to retain your information. However, we may retain your information for Nine (12) months after you cancel/ deactivate/ unsubscribe your account with us, as our business practice.    

Information security

The User is aware of all security risks, including possible third party interception of any of his transactions and statements of account on the internet and the content of his transactions or statements of account becoming known to third parties. The User agrees and undertakes that he shall not hold Open/ Open Associates liable therefore in any way. The use and storage of any information, including without limitation, the credit card number, PIN, password, account information, transaction activity, account balances and any other information available on the User's internet access device or computer or mobile phone is at his own risk and responsibility. The User furthermore acknowledges and accepts that Open may not encrypt all content or communications from and to their website.

General

The User hereby agrees that the application and copies of all documents submitted by a User are and shall remain the sole and exclusive property of Open, and Open shall not be obliged to return the same to him upon his request. Any unauthorized access to the Open web-site is a breach of these terms and a violation of the law. A User agrees not to access Open web-sites by any means other than through the interface that is provided by Open for use in accessing the same.

Additions to this policy

We reserve the right to modify this policy at any time, so please review it frequently. Changes and clarifications will take effect immediately upon their posting on the Platform. If we make material changes to this policy, we will notify you here that it has been updated, so that you are aware of what information we collect, how we use it, and under what circumstances, if any, we use and/or disclose it.

 If a User has any questions he may write to Open Customer Support at l[email protected]