Data Processing Agreement (DPA)
Effective Date: 26 March 2025
This Data Processing Agreement (“DPA”) forms part of the contractual relationship between Financiv LTD (“Financiv”, “we”, “our”) and our users, outlining how we handle personal data in compliance with the General Data Protection Regulation (GDPR).
1. Roles
- Data Controller:
- Financiv LTD is the data controller for the personal data collected via our Services.
- Data Processors:
- We engage trusted third-party processors, including:
- Plaid: For retrieving bank transaction data to provide personal finance insights.
- Paddle: For handling subscription payment processing.
- Poshug: For analytics and understanding user interactions with our Site.
2. Data Processing Details
- Purpose:
- Data processing is carried out solely for providing, maintaining, and improving our Services.
- Types of Data Processed:
- Personal details, financial data (transactions via Plaid), manual account and transaction entries, and usage data.
- Processing Operations:
- Collecting, storing, analyzing, and transferring data as needed to deliver the Services.
3. Sub-Processors
- Some of our third-party processors may engage sub-processors to carry out specific aspects of data processing. Financiv will ensure that any sub-processors are bound by similar data protection obligations.
4. Security Measures
- Protection:
- We and our third-party processors implement industry-standard security measures, including encryption and secure data storage (e.g., on AWS with Neon), to protect your data.
- Assessment:
- Regular assessments are performed to ensure data security and compliance with applicable data protection standards.
5. Breach Notification
- In the unlikely event of a data breach affecting your personal data, Financiv will notify affected users without undue delay and, where feasible, within 72 hours after becoming aware of the breach, in accordance with GDPR requirements.
6. Data Subject Rights
- You have rights regarding your personal data, including access, correction, deletion, restriction of processing, and data portability. You can exercise these rights via your account settings or by contacting us at [email protected].
7. Duration and Termination
- This DPA remains in effect for as long as Financiv processes your personal data under our contractual relationship.
- Upon termination of our services, we will ensure that your data is either returned or securely deleted, subject to any legal retention obligations.
8. Contact Information
For any questions regarding this DPA or our data processing practices, please contact: