How Does MoneyTap Ensure The Security of Your Data? - MoneyTap Blog
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How Does MoneyTap Ensure The Security of Your Data?

At MoneyTap we constantly strive to create the best consumer experience for you. Every feature of MoneyTap is designed leveraging the latest technology for a smooth and secure transaction.

What happens during MoneyTap registration?

Here are some details that we ask you during registration:

  • Name and Contact Details
  • PAN number
  • Salary Details
  • Employment Details
  • Account Details*

*Recent Bank statements (3 months) OR Your net banking details for a read-only access. 

What Happens To You KYC Documents? 

Once you upload your KYC documents, they are reviews and verified by our credit management team. KYC verification is mandated by RBI and all lending companies have to follow this procedure.  If you are worried that you did not actually sign your documents, rest assured that all the details that you enter are transferred in an encrypted format to our database which also stores data in its encrypted form.

Also, unlike some other big players in personal finance, we do not share leads with third parties.  With our strong focus on ethics and customer’s interest only, we do not share your data with anybody.Moreover, upon personal request, we also delete your profile from our database along with all KYC documents.

What are the other security measures in place?

Our back end APIs comply with mandated security standards and robust protocols. Our security measures have been tested and certified by our partner bank’s IT team.  While most of the phones today, are password protected, there is a passcode at the MoneyTap app level as well. This safeguards your MoneyTap account from accidental loss or theft.

Your security is tied to our reputation. We work hard to ensure both are intact. Please check out our FAQ page for clarifications on other aspects.

For additional queries, do write to us at hello@moneytap.com. We’d love to answer your questions!

MoneyTap

India’s first app-based credit line, MoneyTap is a Bangalore based business that lends money with flexible interest rates, making credit quick and easy.

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