Summary
Yes, Nance is safe to use. It connects to your bank through secure, consent-based systems and only has read-only access to your data.
How This Works in Nance
Nance is designed with a security-first approach, ensuring your financial data stays protected at every step.
1. Secure Bank Connection
- Nance connects via the Account Aggregator framework
- This is a regulated, consent-based system in India
- You approve access using OTP verification
2. No Access to Your Money
- Nance has read-only access only
- It cannot:
- Make payments
- Transfer money
- Modify your bank account
3. No Storage of Sensitive Credentials
- Nance does not store:
- Bank usernames
- Passwords
- Full account details
4. Controlled Data Access
- You decide what accounts to connect
- You can:
- Add or remove accounts anytime
- Data is accessed only with your explicit consent
5. Private by Design
- Nance does not rely on unsafe methods like:
- SMS scraping (optional on Android only, permission-based)
- Uses structured, secure data directly from banks
Important to Know
- Data sync depends on secure bank integrations
- Security also depends on keeping your device and OTPs सुरक्षित
- Nance follows best practices for data protection and privacy
No access to your money.
No shortcuts on security.