Introduction
At Summitnovaadv, we take your privacy seriously. This
policy explains how we collect, use, and protect
your personal information when you use our
liquidity and solvency analysis platform. We're
committed to transparency about our data practices
and ensuring you understand your rights under UK
data protection laws.
This policy applies to all users of summitnovaadv.com
and our related services. By using our platform,
you agree to the collection and use of information
as described in this policy. We may update this
policy from time to time, and we'll notify you of
any significant changes.
Information We Collect
We collect information to provide better services
to our users. The types of data we collect fall
into several categories:
Account Information
Name, email address, company details, and
contact information you provide when
registering for our services.
Usage Data
Information about how you use our platform,
including features accessed, time spent, and
interaction patterns.
Technical Data
IP address, browser type, device information,
and other technical details collected
automatically.
Financial Data
Company financial information you upload for
analysis purposes, stored securely and
processed according to your instructions.
How We Use Your Information
Your data helps us deliver and improve our
services. We use the information we collect for
specific, legitimate purposes that benefit both you
and our service quality.
- Providing access to our liquidity and solvency
analysis tools and generating reports based on your
financial data
- Personalising your experience and recommending
relevant features or content based on your usage
patterns
- Communicating with you about service updates,
new features, and important account information
- Improving our platform through analysis of user
behaviour and feedback to enhance functionality
- Ensuring platform security by monitoring for
suspicious activity and preventing unauthorised
access
- Complying with legal obligations including
financial regulations and data protection
requirements
- Processing payments and managing your
subscription or billing information securely
Data Sharing and Third Parties
We don't sell your personal information to third
parties. However, we may share your data in
specific circumstances to provide our services
effectively and meet legal requirements.
Service Providers: We work with
trusted third-party companies that help us operate
our platform, including cloud hosting providers,
payment processors, and analytics services. These
partners are bound by strict confidentiality
agreements and can only use your data for the
specific services they provide to us.
We may also share information when required by law,
such as responding to court orders or government
requests, or to protect our rights and the safety
of our users. In the event of a business merger or
acquisition, your information may be transferred to
the new entity, but the same privacy protections
would apply.
Your Rights and Choices
Under UK data protection law, you have several
important rights regarding your personal
information. We're committed to helping you
exercise these rights easily and effectively.
- Access your personal data and receive a copy
of the information we hold about you
- Correct any inaccurate or incomplete
personal information in your account
- Delete your personal data, subject to
certain legal and business requirements
- Restrict processing of your data in specific
circumstances
- Object to processing based on legitimate
interests
- Data portability - receive your data in a
structured, machine-readable format
- Withdraw consent for processing based on
your consent
To exercise any of these rights, contact us using
the details provided below. We'll respond to your
request within one month, though complex requests
may take longer. You also have the right to lodge a
complaint with the Information Commissioner's
Office if you're unhappy with how we've handled
your data.
Data Security and Retention
We implement robust security measures to protect
your personal information from unauthorised access,
alteration, or disclosure. Our security practices
include encryption of sensitive data, regular
security assessments, and strict access controls
for our team members.
We retain your personal information only as long as
necessary for the purposes outlined in this policy
or as required by law. Account information is
typically retained while your account is active and
for a reasonable period afterwards. Financial data
uploaded for analysis is retained according to your
account settings and applicable regulations.
When we no longer need your information, we
securely delete or anonymise it. Some information
may be retained for longer periods for legal
compliance, fraud prevention, or legitimate
business purposes.
International Data Transfers
While we primarily process data within the UK, some
of our service providers may be located in other
countries. When we transfer your personal data
outside the UK, we ensure appropriate safeguards
are in place to protect your information.
These safeguards include adequacy decisions by the
UK government, standard contractual clauses, or
other legally recognised transfer mechanisms. We
only work with providers who demonstrate strong
privacy and security commitments that meet UK
standards.
Cookies and Tracking
Our website uses cookies and similar technologies
to enhance your browsing experience and provide
personalised content. We use essential cookies for
platform functionality, analytics cookies to
understand usage patterns, and preference cookies
to remember your settings.
You can control cookie settings through your
browser preferences, though disabling certain
cookies may affect platform functionality. Our
cookie banner allows you to customise your
preferences when you first visit our site, and you
can update these choices at any time through your
account settings.
This privacy policy is effective as of January 2025
and was last updated on 15th January 2025.
