As transparency is one of our core values it goes without saying that we like to explain how we deal with your data and how we secure it. We felt that a video was a perfect way to explain this in the clearest possible way.
Besides building the best banking app🥇in the world and giving you more insights and control over your finances, we want Cake to make your bank accounts profitable again! 💶
How do we make that happen?
We process data from Cake users in completely anonymous statistics 📊 that we sell to companies. We find it extremely important that you get your share of the cake 🍰 when your data is used. After all, it’s about your data and it has value. That’s why we share the revenue we get from companies with you via the Cake Rewards.
💡It’s equally important that you get a good understanding of how we do this.
We could have stopped by letting you know that Cake received a license from the National Bank of Belgium on 9 July 2019, and that we are therefore regulated and controlled by them. Which means that we have to comply with the financial legislation that applies to payment institutions. ✅
But that’s not our style. 🙅 We find it important that you truly understand how we deal with your data and how we secure it.🔓
There is no easier way to illustrate this than by means of a video.👇
If you prefer reading over a video or if you are hungry for a little more details you can also check out this 👉 blogpost.
When you are already a happy Cake user it would be nice if you could leave a review of your Cake experience on Google Play or in the App store! 🙏