Why Trust and Security Are Our Top Priorities at Fractn

Why Security Matters

Introduction

In today’s digital world, ensuring that your financial data is safe and secure is more important than ever. At Fractn, we take this responsibility seriously. Trust and security are at the core of everything we do, and we’ve built our platform to give you peace of mind while managing your finances.

Why Security Matters: Your financial data is incredibly sensitive. At Fractn, we implement the latest in encryption and security protocols to ensure that your information is always protected from unauthorized access. Whether you're managing personal finances or handling business expenses, our platform provides the highest levels of security, so you can focus on your financial well-being without worry.

How Fractn Protects Your Data

• Industry-Leading Encryption: We use top-tier encryption methods to keep your data safe during transfers and storage. All sensitive information is encrypted to prevent unauthorized access, ensuring your financial data is always secure.

• Two-Factor Authentication (2FA): To add an extra layer of protection, we implement 2FA for account access, ensuring that only you can access your information. This ensures that your Fractn account remains secure, even if your password is compromised.

• Secure Payment Methods: Fractn ensures that all transactions, whether sending or receiving money, are carried out securely through trusted financial systems. We partner with top-tier payment processors to ensure that your financial activities are safe and reliable.

• Sensitive and Non-Sensitive Data: We understand the importance of protecting your sensitive data. At Fractn, we take extra care to store and handle only non-sensitive data, ensuring that your sensitive financial information is never at risk.

  Here’s how we differentiate between sensitive and non-sensitive data:

  • Non-Sensitive Data (e.g., name, email address, phone number, spending categories, and preferences): This data is stored securely and used to provide you with a personalized and seamless experience. It helps us offer valuable insights and recommendations to improve your financial management.

  • Sensitive Data (e.g., credit card numbers, bank account details, personal identification numbers, and transaction pin, BVN): We never store sensitive data in our database. Sensitive data is encrypted and handled only by trusted third-party financial services providers that are CBN regulated, ensuring it remains secure and is never exposed to unauthorized access.

  By only saving non-sensitive data and using secure payment gateways, Fractn ensures that your financial information remains safe, while still providing you with powerful tools to manage your finances with confidence.

At Fractn, your trust is paramount. We strive to be the most secure and reliable platform for managing your financial health. With Fractn, you can confidently manage your finances, knowing that your data is in safe hands.

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