Privacy Policy

Last updated: January 19, 2025

Our Commitment to Your Privacy

At SmartFinance AI, we understand that your financial information is highly sensitive and personal. This Privacy Policy explains how we collect, use, and protect your information when you use our mobile application. We are committed to maintaining the highest standards of privacy and security.

Information We Collect

Personal Financial Data

When you use SmartFinance AI, you may provide the following types of information:

  • Transaction details (amounts, merchants, dates, categories)
  • Budget information and financial goals
  • Investment portfolio data
  • Receipt images and extracted data
  • Currency preferences

Device and Usage Information

We may automatically collect certain information about your device and app usage:

  • Device type, operating system version
  • App usage statistics and crash reports
  • Performance metrics for app optimization

Camera and Photo Access

The app requires camera access solely for the receipt scanning feature. Receipt images are processed locally on your device and are not transmitted to our servers.

How We Use Your Information

We use the information we collect to:

  • Provide and maintain the SmartFinance AI app functionality
  • Generate personalized AI insights and recommendations
  • Process receipt scanning and transaction categorization
  • Track your budgets and financial goals
  • Improve app performance and user experience
  • Provide customer support and respond to your inquiries
  • Send important app updates and security notifications

Data Storage and Security

Local Data Storage

Your financial data is stored locally on your device using Core Data with encryption. This means:

  • Your financial information never leaves your device
  • No financial data is transmitted to external servers
  • Only you have access to your financial information
  • Data is protected by your device's security features

Security Measures

We implement industry-standard security measures:

  • Biometric authentication (Face ID/Touch ID) protection
  • End-to-end encryption for all stored data
  • Secure coding practices and regular security reviews
  • No third-party access to your financial data

Information Sharing and Disclosure

We do not sell, trade, or otherwise transfer your personal financial information to third parties. Your financial data remains private and is not shared with:

  • Financial institutions or banks
  • Credit reporting agencies
  • Marketing companies or advertisers
  • Data brokers or analytics companies
  • Any other third parties

Limited Exceptions

We may disclose information only in the following limited circumstances:

  • When required by law or valid legal process
  • To protect our rights, property, or safety
  • To prevent fraud or security threats
  • With your explicit consent

Third-Party Services

Analytics and Crash Reporting

We may use third-party services for app analytics and crash reporting to improve app performance. These services receive only anonymous, aggregated data that cannot be used to identify you personally.

Advertising

Our app may display advertisements through Google AdMob. These ads do not access your financial data. Ad targeting is based on general demographics and app usage patterns, not your personal financial information.

In-App Purchases

In-app purchases are processed through Apple's App Store. We do not collect or store your payment information.

AI and Machine Learning

SmartFinance AI uses artificial intelligence and machine learning to provide insights and recommendations. Important details about our AI processing:

  • All AI processing occurs locally on your device
  • Your data is not used to train external AI models
  • AI insights are generated from your personal data only
  • No data is shared with AI service providers

Your Rights and Choices

Data Access and Control

You have full control over your data:

  • View, edit, or delete any transaction or financial data
  • Export your data at any time
  • Choose which features to use (receipt scanning, biometrics, etc.)
  • Delete the app and all associated data

Permission Management

You can manage app permissions through your device settings:

  • Camera access for receipt scanning
  • Biometric authentication
  • Notifications

Data Retention

Your financial data is retained locally on your device for as long as you keep the app installed. When you:

  • Delete the app: All local data is permanently removed
  • Clear app data: All financial information is deleted
  • Reset your device: All app data is removed

We do not retain any of your financial data on our servers.

Children's Privacy

SmartFinance AI is not intended for use by children under the age of 13. We do not knowingly collect personal information from children under 13. If we become aware that we have collected personal information from a child under 13, we will take steps to delete such information.

International Users

SmartFinance AI is designed to comply with privacy laws including GDPR, CCPA, and other applicable privacy regulations. Since all data processing occurs locally on your device, data transfer and processing concerns are minimized.

Changes to This Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in our practices or for other operational, legal, or regulatory reasons. We will notify you of any material changes by:

  • Updating the "Last updated" date at the top of this policy
  • Providing an in-app notification for significant changes
  • Posting the updated policy on our website

Your continued use of the app after any changes indicates your acceptance of the updated Privacy Policy.

Contact Us

If you have any questions, concerns, or requests regarding this Privacy Policy or how we handle your information, please contact us:

We will respond to your inquiry within 30 days.

Summary

In summary, SmartFinance AI is designed with privacy by design principles:

  • Your financial data stays on your device
  • We don't collect or store your financial information
  • Strong encryption and biometric protection
  • No sharing with third parties
  • Full user control over data
  • Transparent privacy practices

Your privacy and security are our top priorities, and we are committed to maintaining the trust you place in us.