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Most Asked Question

Most Asked Question: What does Palm do with my data?

Most Asked Question: What does Palm do with my data?

Most Asked Question: What does Palm do with my data?

Most Asked Question: What does Palm do with my data?

Most Asked Question: What does Palm do with my data?

Data security

Data security

Data security

Data security

Jesseca Lane

Brand & Marketing

One of the most common questions we receive is "What does Palm do with my data?".

We have a detailed, technical 11-step process to ensure your data’s safety and security. Below, we'll quickly break down how we keep your data safe and use it to help you save time and money. 

Safe Connection

When you connect an account with us, your user data is protected with best-in-class fraud detection technology and tools like envelope encryption. We only have view access to accounts that you link to Palm and cannot move money in or out of your bank account.

Best-in-Class Authentication and Authorization 

You'll connect your accounts through Plaid -  the same service that companies like Venmo, Acorns, and Betterment use to securely connect accounts. 8,000+ companies use their system to help 100+ million users securely connect to accounts everyday. Your authentication process is not only seamless but also fortified with robust security protocols that safeguard your information every step of the way.

But that’s not all - we add an extra layer of security [nonces] ensuring that your encrypted data can't be intercepted and reused maliciously.

How We Use It

Peace & prosperity for you and your business is our North Star. When you connect an account with us, the data we analyze and recommendations we make are all in service of this. We use AI to quickly and efficiently process spending patterns and business costs to make recommendations that save you money, like catching a double-billing error or how much you spent vs last month and where.

Your data is stored and encrypted with Google Key Management Service. It’s also decrypted anytime it's accessed by our internal systems as well as protected by a secure environment barrier, which is yet another layer of data protection to ensure safety protocol. We're constantly logging and monitoring our security measures and data safety. 

Last but certainly not least, we take compliance seriously. We regularly conduct audits to ensure that we're meeting industry standards like GDPR, CCPA, and SOC. Your data's privacy and security are our top priorities, and we're committed to upholding the highest standards. 

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© 2024 Palm Finance. All rights reserved

© 2024 Palm Finance. All rights reserved

© 2024 Palm Finance. All rights reserved