Information We Collect

When you use novariqelum's budget categorization platform, we collect various types of information to provide you with personalized financial management tools. This includes data you voluntarily provide when creating your account, connecting bank accounts, and categorizing transactions.

Personal Information

Financial Data

We collect financial information necessary for budget categorization services. This includes transaction details, spending patterns, and category assignments you create. All financial data is encrypted using bank-level security protocols before storage.

How We Use Your Information

Your data powers the intelligent categorization features that make novariqelum effective for managing your finances. We analyze spending patterns to suggest relevant budget categories and provide insights about your financial habits.

Data Sharing and Third Parties

We maintain strict controls over who can access your personal and financial information. novariqelum operates on a principle of minimal data sharing, only working with carefully vetted partners who meet our security standards.

Service Providers

We work with specific third-party providers who help maintain novariqelum's infrastructure and security. These include cloud hosting services, encryption providers, and financial data aggregators. Each provider signs comprehensive data protection agreements and undergoes regular security audits.

Legal Requirements

Under certain circumstances, we may be required to disclose your information to comply with legal obligations, court orders, or regulatory requests. We will notify you of such disclosures where legally permissible and will limit disclosure to the minimum information required.

Your Rights and Controls

Under UK data protection law, you have comprehensive rights regarding your personal information. We've designed novariqelum to make exercising these rights straightforward through your account settings and dedicated privacy controls.

To exercise any of these rights, access your account settings or contact our privacy team directly. We respond to all requests within 30 days and provide confirmation of actions taken.

Data Security and Protection

Protecting your financial information requires multiple layers of security. novariqelum employs enterprise-grade encryption, secure data centers, and regular security monitoring to safeguard your information against unauthorized access.

Technical Safeguards

All data transmission occurs over encrypted connections using TLS 1.3 protocols. Your information is stored in encrypted databases with restricted access controls and regular backup procedures. We conduct quarterly security audits and penetration testing to identify and address potential vulnerabilities.

Access Controls

novariqelum staff have access to personal data only when necessary for platform maintenance or customer support. All access is logged and monitored, with staff required to complete annual security training and sign confidentiality agreements.

Data Retention and Deletion

We retain your personal information only as long as necessary to provide novariqelum's services and comply with legal obligations. Different types of data have specific retention periods based on their purpose and regulatory requirements.

When you delete your novariqelum account, we begin immediate removal of personal identifiers while preserving anonymized data for regulatory compliance. Complete data deletion occurs within 90 days of account closure.

International Data Transfers

novariqelum primarily processes and stores your data within the United Kingdom. However, some of our service providers operate internationally, which may involve transferring your data to other countries with different data protection standards.

When international transfers occur, we ensure appropriate safeguards are in place through adequacy decisions, standard contractual clauses, or certification schemes approved by UK data protection authorities. You have the right to request details about any international transfers affecting your personal data.

Cookies and Tracking

novariqelum uses cookies and similar technologies to enhance your experience and maintain platform security. Essential cookies enable core functionality like login sessions and security features, while optional cookies help us understand how you use the platform.

Cookie Categories

You can manage cookie preferences through your browser settings or our cookie consent tool. Note that disabling necessary cookies may affect platform functionality.

Changes to This Policy

We review and update this privacy policy annually or when significant changes occur to our data processing practices. Material changes will be communicated through email notifications and prominent notices in your novariqelum dashboard.

Previous versions of this policy are archived and available upon request. Continued use of novariqelum after policy updates indicates acceptance of the revised terms, though we'll obtain explicit consent for any changes that significantly expand our use of your personal information.