Data Practices
Last updated: March 29, 2026
Transparency is central to how we handle your data. This page details every third party that processes your personal data when you use FinanceGenius.ai, what data is shared, why, and for how long. This complements our Privacy Policy.
How Your Data Flows
You → FinanceGenius.ai (Data Fiduciary) → Third-Party Processors (on our instructions only)
We are the Data Fiduciary under DPDPA. Third parties act as Data Processors under our contractual agreements. Your data is never sold or shared with advertisers.
Third-Party Data Processors
Anthropic (Claude AI)
DATA SHARED
Chat messages, financial queries
PURPOSE
AI-powered financial advice and product recommendations
RETENTION
Not stored by Anthropic beyond the API request; stored in our database per your consent
DATA LOCATION
US-based processing; data stored in India on our servers
CONSENT REQUIRED
Service-essential (AI Chat Processing consent)
OpenAI
DATA SHARED
Search query text only (no PII)
PURPOSE
Generating embeddings for knowledge base semantic search
RETENTION
Not stored by OpenAI per their API data policy
DATA LOCATION
US-based processing; no personal data transmitted
CONSENT REQUIRED
Service-essential (part of AI Chat Processing)
Perfios
DATA SHARED
Bank statements, financial documents (consent-based)
PURPOSE
Financial statement analysis and health scoring
RETENTION
Per Perfios Data Processing Agreement; data deleted after analysis
DATA LOCATION
India
CONSENT REQUIRED
Explicit consent required before each upload
Account Aggregator (Setu)
DATA SHARED
Consent-based financial data from linked accounts
PURPOSE
Fetching financial data for product matching and analysis
RETENTION
Session-based; not stored permanently on our servers
DATA LOCATION
India
CONSENT REQUIRED
Explicit AA consent flow with RBI-mandated disclosure
SMS / OTP Provider
DATA SHARED
Phone number only
PURPOSE
One-time password for authentication
RETENTION
Transactional only; OTP records deleted after 10 minutes
DATA LOCATION
India
CONSENT REQUIRED
Required for account creation
Data Localisation
All personal data is stored on servers within India, in compliance with RBI data localisation requirements. While some AI processing involves US-based APIs, your personal data is stored exclusively in India and any data sent for processing is limited to what is strictly necessary.
Your Controls
- • Manage Consents: Settings > Manage Consents to enable/disable any optional data sharing
- • Download Your Data: Settings > Download My Data for a complete JSON export
- • Delete Your Data: Settings > Delete Account for permanent data erasure
- • Grievance: Contact privacy@financegenius.ai for any data protection concerns