Data Usage & AI Policy

Purpose

This Data Usage & AI Policy explains how FinFavorite uses customer information, financial data, and artificial intelligence technologies.

Data We Process

FinFavorite may process:

  • User profile information;
  • Email addresses;
  • Account preferences;
  • Historical transaction records;
  • Portfolio holdings;
  • Asset allocations;
  • Account balances;
  • Performance information;
  • User-generated notes and categorizations;
  • Technical and usage information.

Financial Connectivity

Financial account connectivity is facilitated by third-party providers including SnapTrade. FinFavorite does not collect or store users' financial institution login credentials.

How We Use Data

Data may be used to:

  • Provide Services;
  • Generate portfolio analytics;
  • Categorize transactions;
  • Create dashboards and reports;
  • Produce budgeting insights;
  • Improve platform functionality;
  • Maintain platform security;
  • Detect abuse and fraud;
  • Provide customer support.

Artificial Intelligence Usage

FinFavorite may use artificial intelligence and machine learning systems to:

  • Categorize transactions;
  • Generate spending summaries;
  • Identify recurring expenses;
  • Analyze portfolio characteristics;
  • Generate educational insights;
  • Detect concentration characteristics.

AI-generated outputs may contain inaccuracies, omissions, or incorrect assumptions. Users should independently verify all information.

Model Training

Unless explicitly disclosed otherwise, FinFavorite does not use identifiable customer financial transaction data to train publicly available artificial intelligence models.

Human Oversight

AI-generated outputs may be reviewed, monitored, modified, or supplemented by FinFavorite personnel to improve quality and reliability.

Third-Party Providers

Data may be processed by vendors providing:

  • Cloud infrastructure;
  • Analytics;
  • Customer support;
  • Email delivery;
  • Financial connectivity;
  • Security services.

Data Minimization

FinFavorite seeks to collect and retain only information reasonably necessary to provide Services and comply with applicable legal obligations.

Policy Changes

This policy may be updated periodically. Continued use of the Services constitutes acceptance of revised versions.