CloudFO Data Security & Privacy
Empowering Your Business with Data Security and Privacy
When it comes to your business data, CloudFO leaves no stone unturned in ensuring your utmost security and privacy. Here's how we're committed to safeguarding your valuable information
Please also see our privacy policy for more details https://www.cloudfo.co/privacy
1. FCA Approved Open Banking Connection: Rest easy knowing that our open banking connection is fully approved by the Financial Conduct Authority (FCA). This means that your financial data is accessed through a regulated and secure pathway, offering you peace of mind and confidence in the integrity of your information. Our partnership with Truelayer provides this. For additional insights into Truelayer's security and privacy practices, please visit https://truelayer.com/privacy/.
2. Read-Only Bank Connection: It's important to emphasise that CloudFO's bank connection is strictly read-only. We don't initiate any transactions or payments on your behalf. This read-only access ensures that your financial data is viewed solely for analysis purposes, keeping your accounts secure
3. User-Centric Data Control: Your data, your rules. With CloudFO, you're in complete control. You can delete your account and associated data whenever you choose. Whether it's disconnecting a bank account, removing a data file, or severing an app connection, you hold the reins. You're always in control. If you decide to disconnect a bank account, it's a straightforward process. We respect your right to manage your data as you see fit and offer a hassle-free way.
4. Data Encryption and Protection: Your data is always encrypted both during transit and when at rest, with Identity and Access Management (IAM) and user-managed controls. This multi-layered approach ensures that your information remains shielded from any unauthorised access.
5. Machine Learning Enhancement: CloudFO harnesses cutting-edge machine learning techniques, integrating OpenAI's API with our proprietary models and AI platform. Our proprietary fortified machine learning security infrastructure minimises the amount of data shared with OpenAI, scans for harmful interactions and adds additional layers of security. As time progresses, CloudFO's AI-powered CFO evolves, continuously enhancing its comprehension of your business data and providing increasingly profound insights and analysis. You can also find OpenAI’s Privacy policy here where they confirm Inputs and outputs to our API (directly via API call or via Playground) for model inference do not become part of their models.
6. Transparent and Secure Authentication: Your data access is protected by robust authentication measures. Your name and email are collected during authentication, and you have the flexibility to modify or delete this information as needed.
7. Privacy by design & Comprehensive Data Handling: CloudFO classifies data used into categories - public, personal, company, sensitive, confidential, and secret data are treated with tailored security measures. CloudFO is the trading name of limited company Alchemy Box which is registered with the Information Commissioner's Office (ICO) under the Data Protection Act 2018 adhering to data protection by design and default best practices
8. Malware & Security Protection: Our proactive approach guards against malware & security threats. Automatic security updates and anti-malware protection are in place to safeguard your data against any potential compromise. Our security approach was paramount in securing FCA approval
9. UK-GDPR Compliance: We adhere to UK-GDPR regulations, assuring you that your data is managed and stored in full compliance with the law.
CloudFO is your unwavering partner in securing your data and ensuring your privacy. From our FCA-approved open banking connection to our user-controlled data deletion options, we're dedicated to delivering an exceptional level of security for your financial information. Experience the peace of mind that comes with fortified data protection—experience CloudFO today.
