Common use of Open Banking Clause in Contracts

Open Banking. Open Banking is a secure method of providing access to your financial information both for yourself and for other financial organisations. For more information about open banking please see xxxxx://xxx.xxxxxxxxxxx.xxx.xx We use Credit Kudos to obtain information from your bank account(s) only with explicit consent. This service is optional and further information will be available before using this provision. Address: 0 Xxxx Xxxxx, Xxxxxx, XX0X 0XX Phone: TBA Website: xxxxx://xxx.xxxxxxxxxxx.xxx/about We may also share your personal data with third parties such as: A third party nominated by you, who acts on your behalf such as a relative, advice agency or legal representative; A third party who acts as our agent such as a debt collection agency, or our legal representatives; A lender; A third party where we are required by law such as enforcement agencies, judicial bodies, government entities, tax authorities, regulatory bodies and ombudsmen/reconciliation schemes. We will retain your personal data for no longer than one year from the date of access unless. You have entered into an agreement with us, whereby we will retain your personal data for six year from the date your agreement ends, or longer if required to do so by a regulator or by law. This will help us to answer any enquiries or resolve any complaints you may have. After this period, your personal data will be deleted and/or anonymised. Safeguarding your personal data is paramount to the way we run our business. Data will be processed in a manner that ensures appropriate security of your personal data, including protection against unauthorised or unlawful processing and against accidental loss, destruction or damage using appropriate technical and organisational measures. Any personal data we collect from you will not be transferred outside the European Economic Area. Access – you have the right to access the personal data we hold about you. This information is provided to you free of charge however, we can refuse to respond or charge a 'reasonable fee' when a request is manifestly unfounded, excessive or repetitive. Rectification – you have the right to rectify inaccurate personal data we hold about you. If personal data is incomplete, taking into account the purposes of the processing, you also have the right to have incomplete data completed. If any personal data has been disclosed to a third party, such as a credit reference agency, we will also inform them that the personal data has been rectified. Erasure – in specific circumstances, you can ask us to delete your personal data. If the processing of your personal data is necessary from compliance with a legal obligation, the establishment, exercise or defence of a legal claim then we will not be able to delete your personal data. Restriction – in specific circumstances, you have the right to restrict us processing your personal data. Portability – where technically feasible, you have the right to have your data transmitted by us to another data controller. Objection – you have the right to object to us processing your personal data, unless we can demonstrate compelling and legitimate grounds for processing which may override your own interests, or where we need to investigate and protect us or others from legal claims. Withdraw consent – where you have given consent to the processing of your personal data, you have the right to withdraw your consent at any time. This will not affect the lawfulness of processing which is based on consent prior to your withdrawal. Complaints – if you wish to raise a complaint about how we have handled your personal data, you can contact us directly using the methods in this privacy notice. We hope that we can address any concerns you may have. You can also contact the Information Commissioner's Office (ICO). The ICO helpline is 0303 123 1113 and you can find further information on their website: xxx.xxx.xxx.xx Please note that this data privacy notice only applies to this service and we are not responsible for, and have no control over, information that is submitted to or collected by third parties, such as those where our website may provide links. You are responsible for reviewing and abiding by the privacy policies of these third party sites.