#ArthaWise App - EU Compliance & Safety Information

# ArthaWise GDPR Compliance & Data Protection Notice

Last Updated: 8th Jan 2025


## Introduction

This GDPR compliance notice explains how ArthaWise (“we,” “our,” or “us”) processes and protects personal data in accordance with the General Data Protection Regulation (GDPR) (EU) 2016/679.


## Data Controller Information

ArthaWise operates as a data controller for any personal data processed within the application.

Contact Details:
Vinay V
Email: 5minutemint@gmail.com


## Legal Basis for Processing

ArthaWise processes personal data based on the following legal grounds:
– Contractual necessity (Article 6(1)(b) GDPR)
– Legitimate interests (Article 6(1)(f) GDPR)
– User consent (Article 6(1)(a) GDPR)


## Data Processing Details

### Data Storage Location
– All personal data is stored locally on the user’s device
– No data is transferred to external servers or cloud storage
– Data remains within the EU/EEA jurisdiction


### Categories of Personal Data
The app processes:
– Financial transaction data (stored locally)
– Budget information (stored locally)
– Financial goals (stored locally)


### Purpose of Processing
Data is processed to:
– Provide personal finance management features
– Enable budget tracking
– Facilitate financial goal setting
– Generate financial insights


### Duration of Storage
– Data is retained only as long as the app is installed
– Users can delete their data at any time
– All data is automatically deleted upon app uninstallation


## Your Rights Under GDPR

As a user, you have the right to:
1. Access your personal data
2. Rectify inaccurate personal data
3. Erase your personal data (“right to be forgotten”)
4. Restrict processing
5. Data portability
6. Object to processing
7. Withdraw consent at any time


### How to Exercise Your Rights
– All rights can be exercised directly within the app
– Data can be deleted through the app’s settings
– Contact us at 5minutemint@gmail.com for additional assistance


## Data Security Measures

We implement appropriate technical and organizational measures:

### Technical Measures
– Local device encryption
– Secure data storage using Apple’s CoreData
– iOS system-level security features
– No external data transmission

### Organizational Measures
– Regular security assessments
– Data protection by design and default
– Strict data access controls
– Regular policy reviews

## International Data Transfers

ArthaWise does not transfer personal data outside the EU/EEA, as all data remains locally stored on the user’s device.


## Automated Decision-Making

ArthaWise does not engage in automated decision-making or profiling as defined in Article 22 GDPR.


## Data Breach Procedures

In the unlikely event of a data breach:
1. We will notify affected users within 72 hours
2. We will inform relevant supervisory authorities
3. We will provide guidance on protective measures
4. We will document all incidents and responses


## Children’s Data Protection

### Age Restrictions
– The app is not intended for users under 16 years
– We do not knowingly process data of children under 16
– Parental consent is required for users under 16


## Cookie Policy

ArthaWise does not use cookies or similar tracking technologies.

## Third-Party Services

### Currency Exchange API
– Limited to currency conversion functionality
– No personal data transmission
– Compliant with GDPR requirements


## Data Protection Impact Assessment

A Data Protection Impact Assessment (DPIA) has been conducted, concluding:
– Minimal data protection risks
– Strong privacy by design implementation
– Adequate security measures


## Updates to This Notice

We will inform users of any changes to this notice:
– Through app notifications
– Via app store updates
– On our website


## Supervisory Authority

You have the right to lodge a complaint with your local supervisory authority:


## Additional Information

### Privacy by Design
ArthaWise implements privacy by design principles:
– Data minimization
– Purpose limitation
– Storage limitation
– Accuracy
– Integrity and confidentiality
– Accountability


### Documentation and Records
We maintain records of processing activities as required by Article 30 GDPR.


## Contact Information

For any Compliance Related queries: 5minutemint@gmail.com


## Declaration of Compliance

ArthaWise declares compliance with:
– GDPR (EU) 2016/679
– ePrivacy Directive 2002/58/EC
– Local data protection laws
– Apple’s App Store Guidelines

This notice was last updated on 8th Jan 2025 and is regularly reviewed to ensure continued compliance with GDPR requirements.

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