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Privacy Policy

Effective Date: 01/01/2025

At Apoum Studios Ltd ("we", "our", "us"), we are committed to protecting your privacy. This Privacy Policy explains how we collect, use, share, and safeguard your information when you use The Budget App. By accessing or using the app, you agree to the terms of this policy.

 

1. Information We Collect

We collect the following types of information when you use The Budget App:

a) Personal Information

  • Account Information: Name, email address, and other information you provide when creating an account.

  • Financial Information: Transaction data, account balances, and other financial data accessed through Plaid (we do not store your bank credentials).

b) Usage Data

  • Device information (e.g., operating system, browser type).

  • IP address and access times.

  • User activity within the app (e.g., expense categorization, preferences).

c) AI Interaction Data

When using our AI-powered categorization, we collect:

  • Transaction details sent for classification.

  • AI-generated outputs (e.g., categorized expenses).
    This data is processed securely and used solely to enhance the accuracy of your expense categorization.

 

2. How We Use Your Information

We use the information we collect to:

  • Provide, maintain, and improve The Budget App.

  • Retrieve and display your financial data via Plaid.

  • Categorize expenses using AI algorithms.

  • Personalize your experience and deliver relevant insights.

  • Ensure the security and integrity of our platform.

  • Communicate with you regarding updates, support, or policy changes.

 

3. How We Share Your Information

We do not sell or rent your personal information. We may share information with:

a) Third-Party Services

  • Plaid: We use Plaid to connect and retrieve your financial information. Your data is handled per Plaid’s Privacy Policy.

  • AI Service Providers: Transaction data is processed by our AI systems for categorization. This data is anonymized when possible and never shared for external purposes.

b) Legal and Compliance

We may disclose information if required to:

  • Comply with legal obligations (e.g., law enforcement requests).

  • Protect the rights, property, or safety of our users and systems.

 

4. Data Security and Retention

We implement industry-standard measures to protect your data:

  • Encryption: Sensitive data (including Plaid integrations) is encrypted in transit and at rest.

  • Access Controls: Limited internal access to user data.

  • Data Retention: We retain user data only as long as necessary to provide the service and meet legal requirements.

You may request account deletion by contacting support, which will permanently remove your data.

 

5. User Choices and Rights

You have the following rights regarding your data:

  • Access & Correction: Review and update your personal information.

  • Deletion: Request to delete your account and associated data.

  • Consent Withdrawal: Revoke permissions for data collection (e.g., Plaid account access).

 

6. Cookies and Tracking Technologies

We may use cookies and similar technologies to:

  • Track session activity for better user experiences.

  • Monitor analytics to improve app functionality.

You can disable cookies through your browser settings, though some features may be limited.

 

7. Children’s Privacy

The Budget App is not intended for users under 18 years old. We do not knowingly collect personal information from children. If we become aware of such data, we will delete it promptly.

 

8. Changes to This Policy

We may update this Privacy Policy periodically. Changes take effect when posted, and we will notify you of significant updates via the app or email.

 

9. Contact Us

If you have questions or concerns about this Privacy Policy, contact us:

Apoum Studios Ltd
contact@appums.com

By using The Budget App, you acknowledge and agree to this Privacy Policy.

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