CONSENT IN RELATION TO ACCESS TO CREDIT INFORMATION THROUGH EXPERIAN
This End User Agreement (the “Agreement”) is made between you (the “User” or “You”) and E-Revbay Private Limited (hereinafter referred to as “Finqy”), a Private Limited having its registered office at 604, Vihan Commercial, Opp. Nutan Compound, Walbhat Road, Goregaon East, Mumbai – 400063 (“Finqy ”, “Us” or “We”, which term shall include its successors and permitted assigns). The User and Finqy shall be collectively referred to as the “Parties” and individually as a “Party”.
I hereby consent to Finqy being appointed as my authorized representative to receive my Credit Information from Experian for the purpose of Recommendation Report. The Credit Information obtained from or shared by you, or accessed by us on your behalf, shall be retained solely for the limited purpose of fulfilling the specific transaction or end-use for which it was procured. Upon completion of the said purpose, the Credit Information shall be securely deleted, purged, or otherwise erased from our systems within One (1) business days, in accordance with our internal data destruction protocols.
BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE EXPERIAN CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW) (TOGETHER REFERRED AS “CREDIT INFORMATION”). YOU HEREBY ALSO CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND FINQY BY USING EXPERIAN TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN.
Terms and Conditions:
Information Collection, Use, Confidentiality, No-Disclosure and Data Purging
Finqy shall access your Credit Information as your authorized representative and Finqy shall use the Credit Information for limited End Use Purpose consisting of and in relation to the services proposed to be availed by you from Finqy . We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein and in furtherance to CICRA.
The Parties agree to protect and keep confidential the Credit Information both online and offline.
Notwithstanding the foregoing, in the event that the transaction or end-use process does not proceed further or remains incomplete, the Credit Information may be securely retained for a maximum period of one hundred and eighty (180) days from the date of consent, following which it shall be irreversibly expunged from our records in accordance with applicable data retention and privacy compliance policies.
In the event that you choose to revoke your consent for the use or retention of your Credit Information from the date of providing such consent, you must submit a written request to our support team at support@finqy.ai. Upon receipt of such revocation request, your Credit Information shall be securely purged from our systems within seven (7) business days, in strict compliance with our data erasure and revocation policy.
Governing Law and Jurisdiction
The relationship between you and Finqy shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of Mumbai.
Definitions:
Capitalised terms used herein but not defined above shall have the following meanings:
• "Business Day” means a day (other than a public holiday) on which banks are open for general business in Mumbai.
• “Credit Information Report” means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by Experian.
• “Credit Score” means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
• “CICRA” shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVEMENTIONED TERMS AND CONDITIONS AND CLICK ON “ACCEPT” FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS/ FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH FINQY IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING “ACCEPT” YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN.
** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.
