Privacy & Security Policy
Effective Date: 20 November 2024
FundsAudit is a product of Fundsroom Investment Services, a company dedicated to providing innovative financial solutions. Our registered office is located at:
Fundsroom Investment Services
201, 202 East Street Galleria, East Street, Camp, Pune-411001, Maharashtra, India.
FundsAudit is committed to protecting your privacy and safeguarding the data you share with us. This Privacy & Security Policy (“Policy”) outlines how FundsAudit, a mobile application (referred to as the "App"), and its associated website www.fundsaudit.in (the "Website"), operated by Fundsroom Investment Services (the “Company”), collect, use, and manage your data.
By accessing or using the App, you agree to the terms of this Policy.
About FundsAudit
FundsAudit is a real-time automatic auditing application designed to help users manage their finances efficiently. The App's core functionality relies on analyzing transactional SMS to generate insights into income, expenses, savings, and financial trends.
Important Note: SMS permissions are integral to the application, and users must understand the purpose and scope of the data we access.
Collection of Information
1. Transactional SMS Data
The core functionality of FundsAudit depends on analyzing transactional SMS received from financial institutions, such as banks, payment processors, and utility providers.
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FundsAudit does not access, read, or process personal or promotional SMS.
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The SMS data is processed locally on your device, ensuring privacy.
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No SMS content is uploaded to external servers.
2. Device Information
FundsAudit collects technical information about your device, such as:
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Device name
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Operating system
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Device ID
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Performance metrics
This data is used to enhance compatibility, improve performance, and resolve technical issues efficiently.
3. Optional User-Provided Information
Users may voluntarily provide additional information, such as email addresses, to enhance functionality. Examples:
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Generating financial reports
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Synchronizing account data
Purpose of Data Collection
FundsAudit collects data to provide users with a robust, automated, and personalized financial management experience.
Core Functions:
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Real-time financial tracking by analyzing transactional SMS.
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Insights into spending patterns, income trends, and savings potential.
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Detailed financial reports and visualizations for effective planning.
How Your Data is Used
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SMS Data: Analyzed locally on your device to generate financial insights.
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Device Information: Used to improve user experience and resolve compatibility issues.
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Notifications: Processed to ensure accurate updates on transactions.
Important:
FundsAudit does not share, sell, or trade user data with unauthorized third parties.
Consent and Control
FundsAudit emphasizes transparency and user control:
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Permissions: Explicitly requested during onboarding with clear explanations.
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Revocation: Users can revoke permissions anytime through device settings.
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Revoking SMS permissions will disable the app’s core functionalities.
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Manual Data Input
Users who prefer not to grant SMS permissions can manually input data to access limited features.
Third-Party Services
FundsAudit integrates with FinArt to enhance financial tracking capabilities.
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Provider: Frienteer Software Pvt. Ltd. (www.finart.app)
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Purpose: Categorize expenses, income, and savings.
Note: FinArt does not access or store personal or non-financial messages.
User Rights
Users have the following rights:
1. Right to Access and Update Information
Users can view and update their personal information through the App settings.
2. Right to Data Deletion
Users may request the deletion of personal data.
Data will be deleted within a legally permissible timeframe.
3. Right to Limit Data Collection
Users can disable certain permissions, such as SMS, understanding that some features may be limited.
Policy Updates
This Policy may be updated periodically.
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Significant changes will be communicated via app notifications or website updates.
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Continued use of FundsAudit implies acceptance of the updated policy.
Grievance Redressal Mechanism
For grievances or inquiries, contact:
Address:
Fundsroom Investment Services
201, 202, East Street Galleria, East Street, Camp, Pune-411001, Maharashtra, India
Email:
support@fundsaudit.co.in
Phone:
+91-7276234533
Contact Information
For questions, concerns, or feedback, reach out to us at:
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Website: www.fundsaudit.in
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Phone: +91-7276234533 / +91-8446874534