Someone asked me this week how KiwiBudget handles your data.
Best question I've been asked since I started building it. So here's the answer put simple.
KiwiBudget can see but never touch.
When you connect your bank, the connection is read-only. The app can see your transactions to help you budget. It cannot move money, make payments, or change anything with your bank.
The bank connection isn't ours.
It runs through a provider named Akahu. Akahu is an NZ open finance platform that companies like Sharesies use. You never give KiwiBudget your bank login, and you can switch the connection off any time you like by disconnecting through the KiwiBudget app, or through Akahu themselves.
Your data is isolated.
Everything is stored encrypted, and every user account can only ever see their own data. Not anybody else's data.
KiwiBudget - budgeting built for New Zealand →
Connecting to your bank needs more than a password.
Before anyone can link a bank account, they first have to set up two-factor authentication with an authenticator app. A password alone isn't enough when money's involved.
We will never sell your data.
No selling, no sharing with advertisers, your budget and bank are nobody's business but yours.
Delete means delete.
Close your account and your data goes with it. We will also automatically disconnect bank connections that haven't been used in a while, rather than holding on to them.
I'm building KiwiBudget from Invercargill, and the only way KiwiBudget works long-term is if people trust it. So, if you've got a question about any of this, ask me. I'm more than happy to answer.