MONITRA PRIVACY POLICY
1. INTRODUCTION
At Monitra Sovereign, we recognize the critical importance of privacy and data security in the financial sector. This Privacy Policy details our commitment to safeguarding your personal and financial information. We collect and process data with analytical precision, ensuring transparency and prioritizing your institutional stability.
2. APPLICABLE LAW
Our data processing practices are governed by and comply with the Nigeria Data Protection Regulation (NDPR) and other applicable financial data protection laws. We maintain rigorous standards to ensure compliance.
3. INFORMATION WE COLLECT
To provide high-trust financial services, we collect necessary information categorized as follows:
- Personal Information: Name, email address, physical address, phone number.
- Financial Information: Bank account details, transaction history, investment preferences.
- KYC (Know Your Customer) Information: Government-issued ID, utility bills, biometric data (where applicable).
- Technical Information: IP address, device type, browser type, application usage data.
21. DEDICATED VIRTUAL ACCOUNT (DVA) DATA PROCESSING
A Dedicated Virtual Account (DVA) allows for seamless and secure funding of your Monitra portfolio. It acts as a unique account number tied directly to your profile.
- Third-Party Providers: We partner with licensed entities like Paystack to generate and manage DVAs.
- Data Shared for Creation: Your essential KYC details are securely transmitted to our partners solely for the purpose of creating your DVA.
- Transaction Data Collection: We monitor deposits and withdrawals through the DVA to reflect accurately in your Monitra portfolio.
- Security Measures: DVA transactions are encrypted and subject to continuous monitoring to prevent fraud and ensure institutional stability.
17. CONTACT INFORMATION
For any inquiries regarding this Privacy Policy or your data, please contact our Data Protection Officer: