PRIVACY POLICY
Finaptis Wealthtech Private Limited (hereinafter referred to as "Finaptis," "We," "Us," or "Our") operates the website myanchorscore.com and its associated digital interfaces, mobile applications, or platforms (collectively, the "Platform"). We are committed to protecting the privacy, confidentiality, and integrity of the personal, financial, and regulatory data entrusted to us by our users (hereinafter referred to as "You," "Your," or "User").
This Privacy Policy governs the manner in which we collect, receive, possess, store, deal, handle, disclose, and transfer your Personal Data in strict compliance with the Information Technology Act, 2000, the Digital Personal Data Protection (DPDP) Act, 2023, and applicable rules or guidelines issued by financial regulators in India.
1. Corporate Information & Scope
Finaptis Wealthtech Private Limited is a corporate entity incorporated under the laws of India.
- Registered Office: No 13/1 Standage Road, 2nd Floor, Frazer Town, Bangalore North, Karnataka, India, 560005.
- Corporate Identity Number (CIN): U66190KA2024PTC195442
By accessing our Platform, registering an account, or consuming our wealthtech and financial services (collectively, the "Services"), you explicitly acknowledge that you have read, understood, and consented to the data practices described in this Privacy Policy.
2. Information We Collect
To provide compliant financial tracking, onboarding, and wealth management services, we collect the following categories of information:
- Identity & Onboarding Data: Full name, date of birth, gender, nationality, and photograph or video for digital verification.
- Contact Information: Email address, mobile phone number, and physical billing or communication address.
- Regulated Financial & Government Identifiers: Permanent Account Number (PAN), Aadhaar details (processed via secure, masked, or tokenized channels in compliance with UIDAI regulations), bank account numbers, and IFSC codes.
- Financial & Investment Attributes: Income parameters, net worth, risk tolerance profile, transaction history, investment objectives, and existing asset portfolios.
- Technical & Device Logs: IP address, operating system, browser configurations, device identifiers, and platform navigation metrics captured via cookies or telemetry.
3. How We Use Your Information
We process your data strictly under lawful bases to fulfill our contractual obligations, comply with statutory mandates, and optimize user experience:
- To verify your identity and fulfill Know Your Customer (KYC) compliance frameworks.
- To process and settle financial transactions, track portfolio allocations, and render customized financial insights.
- To detect, mitigate, and prevent identity theft, fraud, cyber incidents, or money laundering activities.
- To fulfill statutory obligations mandated by the Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), Financial Intelligence Unit-India (FIU-IND), and the Income Tax Department.
4. Integration with Regulated KYC Partners and AMCs
To ensure compliance with anti-money laundering (AML) guidelines, secure digital identity verification, and investment processing, we integrate with regulated technology stack partners.
By executing KYC verification or investing on our Platform, you explicitly authorize us to securely share and process your identity details, PAN, and government identifiers through:
- Decentro Tech Private Limited
- Cybrilla Technologies Private Limited
These partners act as authorized data processors on our behalf and process your information through secured API channels to validate parameters against Central KYC (CKYC) registries, KRA databases, or UIDAI frameworks.
To fulfill your mutual fund transaction instructions, switch requests, or redemptions initiated on the Platform, your transaction details, bank account maps, and KYC status will be securely shared with regulated Registrar and Transfer Agents (RTAs) such as CAMS (Computer Age Management Services) and KFin Technologies, as well as the respective Asset Management Companies hosting your chosen mutual fund schemes.
5. Data Sharing and Third-Party Disclosures
We do not sell, rent, or trade your Personal Data. Outside of our specified KYC, RTA, and AMC partners, we may share your data with third parties only under the following limited circumstances:
- Core Infrastructure Vendors: Secure cloud hosting providers, verified payment gateways, and automated transaction or system communication engines (SMS and email delivery systems).
- Legal & Regulatory Authorities: We reserve the right to disclose personal and financial records when requested by a court order, law enforcement agency, or statutory regulator enforcing financial transparency and legal compliance.
6. Data Security and Retention
We maintain rigorous physical, administrative, and technological safeguards to prevent unauthorized access, alteration, or data breaches:
- All data transitions are protected using Secure Sockets Layer (SSL) and Transport Layer Security (TLS) encryption standards.
- Data stored at rest utilizes enterprise-grade database encryption.
- Internal access to user data is governed by a strict "need-to-know" framework and audited continuously.
Retention Policy: We retain your Personal Data for as long as your account remains active or as required to deliver our Services. However, note that financial regulations and AML laws mandate that financial transactions and KYC records be retained for a statutory period (typically 5 to 7 years) after the termination of the business relationship, overriding any immediate erasure requests.
7. Your Statutory Rights
Under applicable Indian data frameworks, you possess specific rights regarding your personal information:
- Right to Access & Review: You can review the personal information you have provided and request a summary of the data processed by us.
- Right to Rectification: You have the right to correct inaccurate, obsolete, or incomplete personal and financial records.
- Right to Withdraw Consent: You may withdraw your consent for processing your data at any time. Please note that withdrawing consent may result in the immediate suspension or termination of your access to our core wealthtech platform functions.
8. Cookies and Analytics
Our Platform uses cookies and digital markers to maintain session continuity, secure your login state, and evaluate platform usage patterns. You can adjust your browser properties to disable cookies, though this may restrict or degrade certain security-sensitive functionalities of the Platform.
9. Modifications to This Policy
Finaptis reserves the right to modify, amend, or update this Privacy Policy at any time to reflect changing operational structures, technological advances, or evolving financial legislation. Any material changes will be communicated by updating the date at the top of this document or via prominent notifications within the Platform interface.
10. Grievance Officer
In accordance with the Information Technology Act, 2000, and the Digital Personal Data Protection Act, 2023, the name and contact details of our designated Grievance Officer are provided below. Please direct any queries, complaints, or discrepancies regarding data processing to:
- Name: Arun Kumar
- Designation: Grievance Officer
- Corporate Entity: Finaptis Wealthtech Private Limited
- Email Address: admin@myanchorscore.com
- Postal Address: No 13/1 Standage Road, 2nd Floor, Frazer Town, Bangalore North, Karnataka, India, 560005.
We will acknowledge and address any privacy-related grievances within the statutory timelines prescribed under applicable law.