Introduction

This Privacy Policy (“Privacy Policy” or “The Policy”) is incorporated into Bangladesh Financing Limited’s (“Bangladesh Financing Limited” or “BFL” or “The Company”) website and all service associated with and/or provided from it. Bangladesh Finance Limited and its subsidiaries are committed to protecting their customer’s personal information. This Privacy Policy is created to help the customer understand how the financial institution collects, uses and protects customer’s information when they visit institution’s web and WAP sites and use their products and services. Bangladesh Finance Ltd. oversees all of the data management to ensure that compliance with this policy and Digital Security Act 2018. If you have any questions about this Privacy Policy or any other aspect of Bangladesh Financing Limited, please contact info@bd.finance. This Privacy Policy covers the following topics:

1. Personal Information Collected Online
2. How is Personal Information used
3. How Personal Information is Shared
4. How is Other Information Used and Collected
5. How is Customer information kept accurately
6. How access to Customer Information is limited to employees
7. Information Security
8. Other Information about Bangladesh Finance Limited’s Website
9. Bangladesh Finance Limited’s commitment to Personal Privacy
10. Change in Policy

Personal Information collected online

Personal Information means personally identifiable information such as information customer provides via forms, surveys, applications or other online fields including name, postal or email addresses, telephone, fax or mobile numbers, or account numbers.

How is personal information used

Bangladesh Finance Limited may use Personal Information:

• Developing and providing banking facilities, products or services (whether made available by us or through us), including but not limited to:

• Executing investments, banking, commercial or other transactions and requests, including processing, settlement, clearing or reporting on these transactions;

• Carrying out research, planning and statistical analysis; or

• Analytics for the purposes of developing or improving our products, services, security, service quality, advertising or customization strategies;

• Assessing and processing applications, instructions or requests from you or our customers;

• Your phone number is used for communicating with you, uniquely identifying you, sending OTP including providing you with updates on changes to products, services and banking facilities (whether made available by us or through us) including any additions, expansions, suspensions and replacements of or to such products, services and banking facilities and their terms and conditions;

• Managing our infrastructure, business operations and complying with internal policies and procedures;

• Responding to queries or feedback;

• Addressing or investigating any complaints, claims or disputes;

• Verifying your identity for the purposes of providing banking facilities, products or services;

• Conducting credit checks, screenings or due diligence checks as may be required under applicable law, regulation or directive;

• Complying with all applicable laws, regulations, rules, directives, orders, instructions, guidance and requests from any local or foreign authorities, including regulatory, governmental, tax and law enforcement authorities or other authorities;

• Monitoring products and services provided by or made available through us;

• Complying with obligations and requirements imposed by us from time to time by any credit bureau or credit information sharing services of which we are a member or subscriber;

• Creating and maintaining credit and risk related models;

• Financial reporting, regulatory reporting, management reporting, risk management (including monitoring credit exposures), audit and record keeping purposes;

• Enabling any actual or proposed assignee or transferee, participant or sub-participant of BFL’s rights or obligations to evaluate any proposed transaction;

• Enforcing obligations owed to us

• In connection with performance of duties when seeking consultancy or professional advice, including legal advice;

 How personal information is shared

We may from time to time and in compliance with all applicable laws on data privacy, disclose your personal data to any personnel of BFL or to third parties, in order to carry out the purposes set out above. Please be assured that when we disclose your personal data to such parties, we require them to ensure that any personal data disclosed to them are kept confidential and secure.

An example of such sharing would be for the purposes of providing or offering products or services that might be of interest to you based on your collected information or other data relating to your interactions with BFL, our partners or vendors.

For more information about the third parties with whom we share your personal data, you may, where appropriate, wish to refer to the agreement(s) and/or terms and conditions that govern our relationship with you or our customer. You may also contact us for more information (please see the “How to contact us” section below).

We wish to emphasize that BFL does not sell personal data to any third parties and we shall remain fully compliant of any duty or obligation of confidentiality imposed on us under the applicable agreement(s) and/or terms and conditions that govern our relationship with you or our customer or any applicable law.

We may transfer, store, process and/or deal with your personal data outside Bangladesh. In doing so, we will comply with the laws of Bangladesh and other applicable data protection and privacy laws.

How other information is used and collected

Bangladesh Finance Limited and their third-party service providers may collect and use other Information in a variety of ways, including:
Through customer’s browser or device: Certain information is collected by most browsers and/or through customer’s device, such as Media Access Control (MAC) address, device type, screen resolution, operating system version and internet browser type and version. Bank uses this information to ensure Sites function properly, for fraud detection and prevention, and security purposes.

Using cookies

Our web sites and mobile applications (“apps” or an “app”) use cookies. A cookie is a small text file placed on your computer or mobile device when you visit a web site or use an app. Cookies collect information about users and their visit to the web site or use of the app, such as their Internet protocol (IP) address, how they arrived at the web site (for example, through a search engine or a link from another web site) and how they navigate within the web site or app. We use cookies and other technologies to facilitate your internet sessions and use of our apps, offer you products and/or services according to your preferred settings, track use of our web sites and apps and to compile statistics about activities carried out on our web sites and/or through our apps.

How is customer information kept accurately?

It is in customer’s interest, and it is Bangladesh Finance Limited’s objective, for them to have accurate, current, and complete information concerning customer and his accounts. Bank has strict procedures that their employees abide by to meet this objective. While some procedures are required by National laws or Bangladesh Banks regulations, bank have implemented additional procedures to maintain accurate, current, and complete financial information, including processes to update information and remove outdated information

Information Security

To protect Personal Information from unauthorized access and use, Bangladesh Finance Limited use security measures that comply with applicable laws. These measures may include device safeguards, secured files and buildings as well as oversight of their third-party service providers to ensure information remains confidential and secure.

Where we have given you (or you have chosen) a password to access certain parts of the Services, you must keep this password confidential. You should not share this password with anyone. You are responsible for what happens with your login credentials.

When we send the OTP & PIN to your phone or mail or both, you must take all reasonable precautions to prevent anyone else from accessing your confidential information including the OTP that will be sent to you.

We shall use reasonable endeavors to keep the services free from viruses and corrupt files but cannot guarantee this. It is your responsibility to protect your equipment from viruses and attacks by third parties by using the latest anti-virus, personal firewall or any other protective measure as appropriate. We shall not be liable for any loss or damage you suffer if your device is infected by a virus or corrupt file or third-party attacks.

We shall not be held liable for the content of messages sent or communicated over the IFS platform. We will not be liable for any loss or damage to you as a result of:

1. Making the service available to you, including acting on an instruction that has been validly authenticated as coming from you but which in fact was given by somebody else.
2. Any incompatibility between your system and the service.
3. Any machine, system or communications breakdown, interruption, malfunction or failure, industrial dispute, failure or fault of any Internet service providers, telecommunications or SMS service providers or operators, or their respective agents and subcontractors or other circumstances beyond our control that leads either to the Service being totally or partially unavailable or delayed, or to the non-receipt, interception of or unauthorized access to or use of the Security Codes or to instructions given via the Service not being received, authenticated, accurate, correct or acted upon promptly or at all.
4. You relying on or using any financial or product information provided as part, or by means, of the service, or you using or purchasing any service or product by virtue of such reliance or use of the service.
5. Any misuse of your system or the service by you or anyone else.
6. Any access to information about your accounts which is obtained by a third party as a result of your using the Service (except where that access is obtained as a result of our negligence or our willful default).
7. Any delay or failure to send, transmit, receive, confirm or acknowledge any email, SMS messages, Security Codes or anything available under the Service, or any error, inaccuracy or incompleteness of any information or data available under the Service.
8. In the event that we are liable for any loss or damage to you as a result of your use of the service, we shall only be liable for direct loss or damage which, in the ordinary course of events, might reasonably be expected to result from the circumstances in question and only if such loss or damage is caused by our gross negligence or willful default

Other information about Bangladesh Finance Limited website

For customers using Bangladesh Finance Limited, all visitor information is collected along with any information that customer while using Bangladesh Finance Limited’s web site.
Links to, or from, Bangladesh Finance Limited’s web site: Bangladesh Finance Limited is not responsible for information practices employed by web sites linked with its web site. Generally, links to non-Bangladesh Finance Limited web sites are provided solely as pointers to information on topics that may be useful to users of Bangladesh Finance Limited web site.
Encrypted information: Information provided by customer on Bangladesh Finance Limited web site is encrypted or scrambled in order to secure information.

Change in policy

Privacy policy is subject to change periodically.

The personal information Bangladesh Finance Limited collect and hold

We collect the following information from you or your representative:

• Your name and contact data (i.e., e-mail address, phone number, signature(s) and mailing address).
• Tax and insurance information.
• Your login information and password.
• Your demographic data (i.e., gender, date of birth, location and family status).
• Any information you provide when you contact or communicate with us.
• Any information you provide while availing service (i.e., Account Opening, Payment) from us.
• Payment information.

How long will Bangladesh Finance Limited hold your personal information?

Where we have personal information which you have consented for us to use, we will hold it for the period the consent remains in force and any other period we need for regulatory or other legal reasons. You may remove your consent at any time.

Your Rights

You have a number of rights in relation to your personal information. These are –

• The right to confirm if we are using data about you and to access details about what we are using and how.
• The right to request we rectify any inaccurate data corrected or to have data which is incomplete for the purpose we hold it completed.
• The right to be forgotten. Which is the right to ask us to delete information about you and if it is appropriate to do so we will do so.
• The right to restrict what we do with data in specific circumstances, including where the accuracy of the data is contested, processing is unlawful but you do not want us to erase the data or if we only need the data to meet legal requirements.
• The right to receive the data we hold about you in a format you can use to transfer the data electronically elsewhere.

You are also able to withdraw any consent you have provided for us to use your data at any time. This is opting out and the process is set out below.

Opting Out

You can opt out by unsubscribing from the benefits communication you receive.

JURISDICTIONAL ISSUES

We intend to provide our services in Bangladesh; accordingly, this Privacy Policy and our collection, use, and disclosure of your Information, is governed by the laws of Bangladesh. We do not represent or warrant that our services are appropriate or available for use in any other jurisdiction. If you choose to access or use our services from outside Bangladesh, you do so on your own initiative and solely at your own risk. You acknowledge that our services are subject to the laws of Bangladesh and consent to the transfer of your Information to Bangladesh, which may provide a different level of data security than in the country in which you are located and you waive any claims that may arise under the laws of your location outside Bangladesh. We will take all reasonable steps necessary to ensure that your data is treated securely and in accordance with this Privacy Policy.

Third Parties
This Privacy Policy does not address, and we are not responsible for, the privacy, information or other practices of any third parties, including the manufacturer of your mobile device, and any other third-party mobile application or website to which our services may contain a link. These third parties may at times gather information from or about you. We have no control over the privacy practices of these third parties. We encourage you to review the privacy policy of your service provider and the privacy policies of each website and application you visit and use.

Miscellaneous
When using our Services, you may choose not to provide us with certain information, but this may limit the features you are able to use. You may also choose to opt out of receiving certain communications (e.g., promotions) by contacting us through phone, email or other channels. Please note that even if you opt out, we may still send you service-related communications.

If you have any security concerns or requests regarding our Services or any complaints or grievances, or if you wish to ask us any questions about the information which we hold about you or wish us to correct or delete such information, please use the contact information below.

Phone: +88- 2223389146.

Email: info@bd.finance

Mail: Bangladesh Financing Limited

Baitul Hossain Building (7th floor),
27 Dilkusha C/A, Dhaka-1000, Bangladesh
Last Updated: 03th December, 2023