Summary
Yes, your financial data in Nance is encrypted to ensure it remains secure during transmission and storage.
How This Works in Nance
Nance uses encryption and secure systems to protect your financial information at all times.
1. Encryption in Transit
- Data shared between:
- Your bank
- Account Aggregator
- Nance
Is protected using secure encryption protocols
- This ensures your data cannot be intercepted or read during transfer
2. Secure Data Handling
- Once data reaches Nance:
- It is handled using secure infrastructure and safeguards
- Access is restricted and controlled to prevent unauthorized use
3. No Sensitive Credential Storage
- Nance does not store:
- Bank passwords
- Login credentials
- Authentication happens directly with your bank via OTP and consent
Why This Matters
- Protects your financial data from:
- Unauthorized access
- Data breaches
- Ensures safe communication between all systems involved
Important to Know
- Security also depends on:
- Your device safety
- Keeping OTPs private
- Nance only has read-only access to your data
Encrypted in transit.
Protected at rest.