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Finguru

AI insights on your expenses!

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Our Security Details

We prioritize your security by leveraging industry-standard protocols and advanced authentication methods to protect your financial data. Our app employs cutting-edge encryption technology to ensure that your bank statements remain private and secure at all times, without requiring access to your banking credentials. No need for your banking information—only your bank/credit card statements are required. Here's how we ensure the security and integrity of user data: 

Requesting Bank Statements

Finguru utilizes Plaid, a trusted and secure platform, to connect users with their financial institutions for bank statement retrieval. Users enter their banking credentials directly on Plaid's authentication interface, ensuring that this sensitive information is never collected or accessed by Finguru. Plaid securely transmits the data needed for statement retrieval, maintaining the highest standards of privacy and security. By leveraging Plaid's secure infrastructure, Finguru provides seamless expense analysis and savings insights while ensuring users retain full control over their financial information.

How Does Plaid Ensure the Security of User Financial Data?

Plaid's security program is designed to protect user financial data with a robust, multi-layered approach. They use Advanced Encryption Standard (AES-256) to secure data at rest and Transport Layer Security (TLS) to safeguard data in transit. Security is further enhanced through multi-factor authentication (MFA), requiring multiple verification methods to access systems. Continuous monitoring by their information security team allows for real-time threat detection and response. Additionally, regular independent security testing by researchers and financial institutions ensures Plaid's security measures are up to high standards and helps identify vulnerabilities.

Secure Data Collection with Plaid

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Secure Data Processing & storage

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End-to-End Encryption

Finguru employs end-to-end encryption to provide highest level of security for user bank statements. This ensures that sensitive financial information remains fully protected from the moment it is retrieved to when it is displayed within the app. By encrypting data at every stage, Finguru safeguards against unauthorized access and upholds the integrity of user information. This advanced security measure guarantees that no one, not even Finguru, can access or process sensitive data without proper authorization, offering users complete confidence in the app's commitment to protecting their financial information.

Where do we store your data?

Your data is securely stored on your device, fully encrypted to ensure maximum privacy and protection. All processing is handled locally during retrieval, and the encrypted data can only be decrypted by Finguru, making it inaccessible to other apps or third parties. This robust encryption and local storage approach guarantees that your financial information remains entirely under your control while maintaining the highest standards of security and confidentiality.

Secure Data Display

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Clean and Secure Data Presentation

Finguru presents user data in a clean and organized manner, providing a clear overview of transactions. The app ensures that sensitive information is not compromised during display, maintaining the highest level of security. This approach allows users to easily review and analyze their financial transactions, making informed decisions about their spending habits. 

Secure Data Deletion

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Deleting User Data

Finguru securely deletes user data upon request, ensuring that sensitive financial information is not compromised. Users can request account deletion, and Finguru will erase all associated data. This approach ensures that user data is not retained unnecessarily, maintaining the highest level of security and compliance with data protection regulations. 

Finguru prioritizes the security and integrity of user data by using secure methods for data collection, processing, and display. By leveraging Plaid for statement retrieval and advanced encryption, Finguru ensures that user financial information remains protected throughout the entire process.