Privacy Policy

This Privacy Policy of Deflation Ltd. (“Deflation”, “SavingBlocks”, “us,” “we,” and “our”) describes the information we collect about you when you access our website or mobile application, enter into agreements with us, use our services and products, send us communications, or otherwise engage with us, and what we do with such information. This Privacy Policy covers all of our services and products and all methods by which you may access our website or our web and mobile applications.By opening an account with us and utilizing our services, products, website, web or mobile application, you agree to the terms of our Privacy Policy. If you do not agree to the terms of our Privacy Policy, you cannot use our services or products and should not access our website or our web and mobile applications.We aim to protect the security and confidentiality of Personal Information about you that we acquire. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your Personally Identifiable Information.

‍What Personal Information do we collect?

‍For the purposes of this Privacy Policy, Personal Information is information that can reasonably identify, relate to, describe, be associated with, or reasonably be associated with a particular individual or household. Personal Information also includes information that may be classified as “Personal Data” or “Personally Identifiable Information” in some jurisdictions. This Privacy Policy does not apply to data that cannot be used to identify you.We may collect, store, use, and transfer the following types of Personal Information:Identity Information. Identity Information may include name, home address, email address, mobile number, date of birth, government issued identification information (i.e., passport), age, gender, nationality;Transaction Data. Transaction data may include transaction history and any other information related to your SavingBlocks account.Financial Data. Financial Data may include bank account number and relevant information.Behavioural Data. We may collect and process information about you on your behaviour and your activity for marketing and advertising purposesDevice Data. Device data may include internet protocol (IP) address, device type and model, device keys, device location, web browser type and version, operating system (OS) type and version, device creation/modification/authentication dates, device IDs, device login history.Communication Data. Communication Data may include data as to communication preferences and contents of your communication with us.

‍How do we collect your Information?

‍We collect information from you where you provide Personal Information when you register on our website or application, open an account with us, contact us for questions or requests, when you enter into an agreement with us, use our applications or when you visit our website.We also collect Personal Information from Third Parties as required or permitted by applicable law. Third Party sources may include but are not limited to identity verification partners, analytics providers, marketing firms. We also receive Personal Information about you from third parties who you have authorized to disclose information about you that we may need for the user and Lender account opening process, to satisfy and Know your Customer (KYC) and Anti-Money Laundering (AML) obligations and to effect account transactions and operations.

‍How do we use your Personal Information?

‍We may collect and use your Personal Information, as required or permitted by applicable law, to:For the provision of our services and products in order to meet our contractual obligations to you;Conduct background checks for Know Your Customer (KYC) reviews and Anti-Money Laundering (AML) purposes; To communicate with you in relation to your contractual arrangements with Deflation Ltd.; Send you notices and confirmations regarding your money transfers to and from SavingBlocks application and other confirmations and information regarding your transactions with us;Provide support and information to your account and your contractual agreements with u;Deliver content about our services and products, and send promotional and other information to you;Conduct analysis regarding your usage of our services and products and the effectiveness of our marketing initiatives;Provide, troubleshoot, and improve our products and services. We use your personal information to provide functionality, analyse performance, fix errors, and improve the usability and effectiveness of our services and for you to have a better user experience.We will not use your Personal Information for purposes other than those purposes we have disclosed to you without your permission. If we need to use your Personal Information for an unrelated, new, or additional purpose, we will notify you and obtain your consent to use it for such unrelated, new, or additional purpose.

‍‍How do we protect your information?

‍Your personal information is contained behind secured networks and is only accessible by a limited number of persons who have special access rights to such systems, and are required to keep the information confidential. In addition, all sensitive/credit information you supply is encrypted via Secure Socket Layer (SSL) technology. We implement a variety of security measures when a user enters, submits, or accesses their information to maintain the safety of your personal information.

‍Use of Cookies

‍Cookies are small files that a site or its service provider transfers to your computer's hard drive through your Web browser (if you allow) that enables the site's or service provider's systems to recognize your browser and capture and remember certain information. They are also used to help us understand your preferences based on previous or current site activity, which enables us to provide you with improved services. We also use cookies to help us compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future. We may also use trusted third-party services that track this information on our behalf. You can choose to have your computer warn you each time a cookie is being sent, or you can choose to turn off all cookies. The cookie banner on your browser will tell you how to accept or refuse cookies.If you disable cookies in your browser some of the features that make your site experience more efficient may not function properly. 

‍Sharing your Personal Information

‍We do not disclose your Personal Information to any third parties, except to those who require access to the data in order to perform their tasks and duties, and to share with third parties who have a legitimate purpose for accessing it.We may share, transfer, disclose, or allow access to your Personal Information with the following categories of third parties:Service Providers. We may share your Personal Information with financial, accounting, legal, marketing, and technology companies to provide services such as, but not limited to, data processing, administrative services, regulatory support, legal services, bank services, cloud storage, authentication support, payment processing, technical support, sales, client support, data hosting, marketing analytics auditors and accountants.Regulatory and Government Authorities. We may share your Personal Information with governmental entities, including, but not limited to law enforcement, regulatory agencies, and self-regulatory agencies, and other appropriate agencies.We may further release transactional and other personal information when we believe release is appropriate to enforce or apply our Terms of Use and other agreements; or protect the rights, property or safety of Deflation Ltd., our users or others. Opting Out of Sharing Your Personal InformationIn addition to the circumstances described above, from time to time, we may request your permission to allow us to share your Personal Information with third parties. You may opt out of having your Personal Information shared with third parties, under certain circumstances, or from allowing us to use your Personal Information for a purpose that is incompatible with the purposes for which we originally collected it, or subsequently obtained your authorization. If you choose to so limit the use of your Personal Information, certain features or Deflation Ltd. services may not be available to you.‍

Third-party links

‍‍We do not include or offer third-party products or services on our website.

‍Marketing Communication

‍We, or our service providers on our behalf, may use your Personal Information to send you marketing and promotional communication that we believe may enhance your experience with our services or products, or may be of interest to you. If you do not want to receive marketing and promotional communication from us, you can opt-out at any time by contacting us, or by unsubscribing via the links provided in the marketing emails.

‍Sale of Your Personal Information

‍We do not sell your Personal Information.

‍Personal Information of Minors

‍Our services and products are not intended for individuals under the age of eighteen (18). We do not knowingly collect and use Personal Information related to minors.

‍Retention of Personal Information

‍We may be required under applicable laws and regulatory requirements to retain certain information, including, but not limited to, Personal Information of clients, client profiles, identification verification materials, information we used to satisfy our Know Your Customer (KYC) and Anti-Money Laundering (AML) obligations, account information, contractual agreements and other records.Such records are generally retained as required by law, rule or regulation, or for the minimum amount of time necessary to accomplish the purpose for which it was collected, and thereafter no longer than is permitted under the data retention policies of Deflation Ltd..Should you decide to terminate our contractual relationship or close your account, we may retain copies of information about you and any transactions or services in which you may have participated in accordance with applicable law and for a period of time that is consistent with such law, applicable statute of limitations, or as we believe is reasonably necessary to comply with applicable law, regulation, legal process, or governmental request, to detect or prevent fraud, to collect fees owed, to resolve disputes, to address problems with our services and products, to assist with investigations, to enforce any of our terms and conditions or other applicable agreements or policies, or to take any other actions consistent with applicable law.

‍Your Privacy Rights

‍Depending on the jurisdiction where you reside, you have certain rights over your Personal Information. You may exercise these rights, based on the applicable jurisdiction, by contacting us at support@savingblocks.comUnder the UK Data Protection legislation, data subjects have the following rights with regards to their personal information:the right to be informed about the collection and the use of their personal datathe right to access personal data and supplementary informationthe right to have inaccurate personal data rectified, or completed if it is incompletethe right to erasure (to be forgotten) in certain circumstancesthe right to restrict processing in certain circumstancesthe right to data portability, which allows the data subject to obtain and reuse their personal data for their own purposes across different servicesthe right to object to processing in certain circumstancesrights in relation to automated decision making and profilingthe right to withdraw consent at any time (where relevant)the right to complain to the Information CommissionerWhen you consent to our processing your personal information for a specified purpose, you may withdraw your consent at any time.In addition, subject to applicable law, you have the right to request access to, correct, and delete your personal data, and to ask for data portability. You may also object to our processing of your personal data or ask that we restrict the processing of your personal data in certain instances, by contacting support@savingblocks.com

‍Contact Us

‍You may contact us at support@savingblocks.com and we will work to address any questions or issues that you have with respect to the collection and processing of your personal information.

‍Changes to Privacy Policy

‍This Privacy Policy is available on our website at www.savingblocks.com. Deflation Ltd. reserves the right to make changes to this Privacy Policy. You should review our Privacy Policy frequently. If we make material changes to our Privacy Policy, our revised Privacy Policy will be posted on our website and it will either be noted on our website that material changes have been made or we will notify our clients by email. The date of the most recent update to our Privacy Policy will be set forth in this Privacy Policy.