Effective Date: [1^st November, 2023]

SmartCoopHub is committed to safeguarding the privacy and security of the data entrusted to us by cooperative societies and their members. This Privacy Policy outlines our practices regarding the collection, use and protection of personal information. Please read this policy carefully to understand how we handle your data.

1. Data Collection and Usage

• Information Collected:

We may collect personal information, including but not limited to names, contact details and financial data, for the purpose of providing cooperative services through SmartCoopHub.

• Use of Information:

The information collected is used to facilitate and enhance cooperative operations. This includes managing contributions, loans and other financial services offered by cooperative societies.

2. Data Protection and Security
2.1. Data Security: SmartCoopHub employs industry-standard security measures to protect data from unauthorized access, alteration, disclosure and destruction. We are committed to maintaining the confidentiality and integrity of your data.
2.2. Access Control: Access to personal data is restricted to authorized personnel who require it to perform their duties. All employees are bound by confidentiality agreements.

3. Data Sharing and Disclosure
3.1. Third Parties: SmartCoopHub does not share, sell, or disclose personal information to third parties, except as required by law or with explicit consent from cooperative societies and/or their members.
3.2. Service Providers: We may engage third-party service providers to assist with platform maintenance and customer support. These providers are contractually obligated to protect data privacy.