APP DESCRIPTION and Privacy Policy including Terms of Use
Entering the financial world can seem like an insurmountable challenge, but what if there was an app that could simplify it all? Introducing FinLit, an innovative application aimed at revolutionizing financial literacy education through digital innovation. Our primary mission is to provide accessible, engaging, and personalized financial knowledge for everyone, irrespective of their current financial aptitude.
With interactive learning modules that simulate real-world financial scenarios, we're committed to ensuring that our users gain a solid understanding of financial principles and how they apply to everyday life.
At FinLit, we understand that everyone's financial journey is unique. That's why our app offers a comprehensive curriculum, covering a wide range of financial concepts, from basic budgeting to advanced investing. Our in-depth question bank, detailed explanations, and personalized Challenge Bank (consisting of questions you've previously missed) ensure that you're not just learning, but fully grasping and applying critical financial concepts.
We've designed FinLit with your convenience in mind. Be it during your commute, on your lunch break, or while relaxing at home, you can always have valuable financial knowledge at your fingertips.
Why wait? Start mastering your financial future today with FinLit. Our intuitive platform and customized learning paths are designed to guide your path into improved financial literacy as simple as tapping 'download'.
TERMS OF USAGE:
1.00 INTRODUCTION:
This is a legal agreement between finlit.ac and you, outlining our mutual rights and obligations. Please read these terms and conditions, and our privacy policy, thoroughly before using this website or app, so you are fully cognizant of your rights and obligations.
Welcome to FinLit! We are an independent organization focused on offering comprehensive, personalized financial literacy education through our innovative application. This platform is the proprietary and copyrighted product of FinLit, unaffiliated with any government or other external entities. For assistance, you may contact us at info@finlit.ac.
Non-Legalese:
We are a private company that aims to boost financial literacy via an array of interactive and customized educational resources.
1.01 ACCEPTANCE OF AGREEMENT
(A) You Have Read and Understand These Terms and Conditions. By accessing this website or app and using our services, you agree to these Terms and Conditions, along with our Privacy Policy and any other related provisions, every time you use our platform. You also agree to comply with all applicable laws, rules, and regulations concerning your use of our services. THIS AGREEMENT CONTAINS WARRANTY DISCLAIMERS AND OTHER PROVISIONS THAT LIMIT OUR LIABILITY TO YOU. Please review these terms carefully, as using, accessing, and/or browsing our platform constitutes acceptance of these terms. IF YOU DO NOT AGREE TO EACH AND EVERY TERM AND CONDITION, PLEASE CEASE USING OUR PLATFORM IMMEDIATELY.
By agreeing to these terms, you recognize the value received from us and indicate your intention to be legally bound by all the provisions of this Agreement. Furthermore, you pledge to abide by all applicable laws and regulations regarding your use of our services.
1.02 SIGNATURES, ELECTRONIC NOTICES, OTHER CONSENTS
(A) Digital Signature. By using any of our resources, you are deemed to have accepted this Agreement, the Privacy Policy, and any other referenced materials. This acceptance is effective from the date you first use our resources. As per the U.S. Electronic Signatures in Global and National Commerce Act (the E-Sign Act) (15 U.S.C. § 7001, et seq.), your first use of our resources signifies your ability to electronically receive, download, and print this Agreement, other Terms and Conditions, and any amendments.
Non-Legalese:
By using our resources, you confirm your ability to receive, download, and print these Terms and Conditions and our Privacy Policy, also known as the Agreement, as required by federal law.
(B) Consent To Use and Receive Electronic Records and Notices. You might occasionally be entitled to receive specific records or notices from FinLit, such as amendments, notifications, changes, communications, etc. To facilitate your use of our platform and services, you grant us permission to provide these records to you electronically either via email or on the website instead of in paper form.
Non-Legalese:
You agree that we can deliver all necessary correspondence, records, and notices to you electronically, either by notifying you on our Website or by sending them to your email address.
(C) Password Security. If you choose to register an account on our platform, you will be asked to create a password. You agree to maintain the confidentiality of your password and are fully responsible for all liability and damages resulting from your failure to maintain that confidentiality. You agree to immediately notify us of any unauthorized use of your password or any other breach of security. You agree that FinLit cannot and will not be liable for any loss or damage arising from your failure to comply with password security as discussed herein.
Non-Legalese:
You're responsible for the security of your password and any consequences that arise from not handling it safely and confidentially.
(D) Keeping Your Email Address Current. To ensure that we can provide records and notices to you electronically, you agree to notify us immediately of any change in your email address by updating your Account information on the platform or by contacting Customer Support.
(E) Duty to Provide Factual, Current and Truthful Information. You hereby acknowledge, understand and agree to provide factual, correct, current, and complete information about yourself as requested. You agree to maintain and promptly update your registration, profile, and any other requested information to keep it accurate, complete, and updated. If anyone knowingly provides false, untrue, inaccurate, or incomplete information, FinLit reserves the right in its discretion to suspend or terminate the account of the offending user, and to refuse all current or future use of our services.
Non-Legalese:
You promise to provide accurate and complete information about yourself, and to keep that information up-to-date. Providing false or incomplete information can lead to the suspension or termination of your account.
Continue to remember that by using FinLit's resources, you are agreeing to these terms. It's crucial to understand and respect these terms to ensure a positive experience for all users.
1.03 LIABILITY AND LIMITATIONS OF LIABILITY
(A) Limitation of Liability. FinLit will not be held liable for any loss or damage that is not reasonably foreseeable. The use of our educational materials and services is at your own risk. In no event shall FinLit, its affiliates, or their respective directors, officers, employees, agents, partners, or suppliers be liable for any damages, including, without limitation, indirect, incidental, special, consequential, or punitive damages, arising out of or in connection with your use of the FinLit platform and our services.
Non-Legalese:
We're not responsible for any loss or damage that isn't foreseeable. Use our services at your own risk.
(B) Disclaimer of Warranties. The materials on the FinLit platform are provided on an 'as is' basis. FinLit makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights.
Non-Legalese:
We provide our materials and services "as is" and don't offer any express or implied warranties.
1.04 INTELLECTUAL PROPERTY RIGHTS
(A) Ownership of Intellectual Property. All copyrights, trademarks, patents, service marks, trade secrets, database rights, and other intellectual property rights and proprietary rights in the Services are owned by FinLit. Except for the limited rights explicitly granted to you, all right, title, and interest in the Services are reserved and retained by us.
Non-Legalese:
We own all the copyrights, trademarks, and other intellectual property rights related to our services. You have only the limited rights we give you.
(B) Non-permissible Uses. You may not use any of the proprietary logos, trademarks, or other distinctive graphics, video, or audio material in FinLit's resources without express written consent.
Non-Legalese:
You can't use our logos, trademarks, or other distinctive materials without our written permission.
As a user of FinLit, it's essential to understand and respect these terms to ensure a fair and positive experience for all parties involved.
1.05 THIS IS NOT FINANCIAL ADVICE
(A) Disclaimer of Financial Advice. FinLit is a platform intended to provide educational content on financial literacy. The information provided does not constitute financial advice and should not be relied upon as such. Any decisions you make based on the information provided on our platform are at your own risk. We strongly recommend seeking the advice of a professional financial advisor before making any financial decisions.
Non-Legalese:
We're not giving financial advice. Always consult with a professional financial advisor before making any financial decisions.
1.06 USER RESPONSIBILITY
(A) Your Financial Decisions. You assume full responsibility for any and all decisions made or actions taken based on the information provided by FinLit. We shall not be liable for any direct, indirect, consequential, or incidental loss or damage arising out of or in connection with your use of the information provided by us.
Non-Legalese:
You're responsible for your own financial decisions. We're not liable for any losses or damages arising from those decisions.
1.07 TERMINATION
(A) Termination Rights. FinLit reserves the right to suspend or terminate your access to our services at any time, with or without cause, and with or without notice.
Non-Legalese:
We can suspend or end your access to our services at any time, for any reason, and without warning.
1.08 GOVERNING LAW AND DISPUTE RESOLUTION
(A) Governing Law. These Terms of Use shall be governed and construed by the laws of the United States, irrespective of its conflict of law principles.
(B) Dispute Resolution. Any dispute, controversy, or claim arising out of or relating to the Terms of Use, including its formation, validity, binding effect, interpretation, performance, breach, or termination, shall be settled by arbitration in accordance with the rules and procedures set forth by the American Arbitration Association.
Non-Legalese:
The laws of the United States govern these Terms of Use. Any disagreements will be settled by arbitration.
Please remember that your use of FinLit signifies your acceptance of these terms. If you don't accept them, then please don't use our services.
1.09 COPYRIGHTS AND TRADEMARKS
(A) Proprietary Rights. All content, design, graphics, compilation, magnetic translation, digital conversion and other matters related to the website are protected under applicable copyright, trademark, and other proprietary rights. Copying, redistribution, use or publication by a User of any such content or any part of the Site is prohibited.
Non-Legalese:
The content on FinLit is ours. You can't copy, redistribute or use any of it without our permission.
1.10 AMENDMENTS
(A) Modification of Terms. FinLit reserves the right, at its sole discretion, to modify or replace any part of this agreement at any time. It is your responsibility to check these terms periodically for changes. Continued use of the platform after any such changes constitutes your acceptance of the new terms.
Non-Legalese:
We can change these terms at any time, and it's up to you to keep up with any changes. If you keep using FinLit after we change the terms, that means you accept the new terms.
1.11 CONTACT INFORMATION
(A) For any queries, clarifications, or to report any violations of these terms, please contact us at support@finlit.ac
Non-Legalese:
Got questions? Need help? Want to report something? Contact us at support@finlit.ac
PRIVACY POLICY:
Privacy Policy of FinLit.ac
FinLit.ac collects some Personal Data from its Users.
Policy Summary
Personal Data processed for the following purposes and using the following services:
Analytics
Google Analytics
Personal Data: Cookies; Usage Data
Hosting and Backend Infrastructure
Amazon Web Services (AWS)
Personal Data: various types of Data as specified in the privacy policy of the service
User database management
Intercom
Personal Data: Cookies; email address; Usage Data; various types of Data as specified in the privacy policy of the service
Further information about the processing of Personal Data
Users may also opt-out of certain advertising features through applicable device settings, such as the device advertising settings for mobile phones or ads settings in general.
Contact information
Owner and Data Controller
FinLit.ac
Owner contact email: support@finlit.ac
Types of Data collected
Among the types of Personal Data that FinLit.ac collects, by itself or through third parties, there are: Cookies; Usage Data; email address.
Complete details on each type of Personal Data collected are provided in the dedicated sections of this privacy policy or by specific explanation texts displayed prior to the Data collection. Personal Data may be freely provided by the User, or, in case of Usage Data, collected automatically when using FinLit.ac. Unless specified otherwise, all Data requested by FinLit.ac is mandatory and failure to provide this Data may make it impossible for FinLit.ac to provide its services. In cases where FinLit.ac specifically states that some Data is not mandatory, Users are free not to communicate this Data without consequences to the availability or the functioning of the Service.
Detailed Information on the Processing of Personal Data
Personal Data is collected for the following purposes and using the following services:
Analytics
The services contained in this section enable the Owner to monitor and analyze web traffic and can be used to keep track of User behavior. Google Analytics is a web analysis service provided by Google LLC. Google utilizes the Data collected to track and examine the use of FinLit.ac, to prepare reports on its activities and share them with other Google services. Google may use the Data collected to contextualize and personalize the ads of its own advertising network. Personal Data collected: Cookies; Usage Data.
Hosting and Backend Infrastructure
Amazon Web Services (AWS) provides hosting and backend services to support the functionality of FinLit.ac. AWS may collect and store various types of Data as specified in the privacy policy of the service.
User Database Management
These types of services allow the Owner to build user profiles by starting from an email address, a personal name, or other information that the User provides to FinLit.ac, as well as to track User activities through analytics features. This Personal Data may also be matched with publicly available information about the User (such as social networks' profiles) and used to build private profiles that the Owner can display and use for improving FinLit.ac. Some of these services may also enable the sending of timed messages to the User, such as emails based on specific actions performed on FinLit.ac.
The Rights of Users
Users may exercise certain rights regarding their Data processed by the Owner. In particular, Users have the right to do the following:
Withdraw their consent at any time.
Object to processing of their Data.
Access their Data.
Verify and seek rectification.
Restrict the processing of their Data.
Have their Personal Data deleted or otherwise removed.
Receive their Data and have it transferred to another controller.
Additional information about Data collection and processing
Legal action
The User's Personal Data may be used for legal purposes by the Owner in Court or in the stages leading to possible legal action arising from improper use of FinLit.ac or the related Services. The User declares to be aware that the Owner may be required to reveal personal data upon request of public authorities.
System logs and maintenance
For operation and maintenance purposes, FinLit.ac and any third-party services may collect files that record interaction with FinLit.ac (System logs) use other Personal Data (such as the IP Address) for this purpose.
Information not contained in this policy
More details concerning the collection or processing of Personal Data may be requested from the Owner at any time at its contact information.
Changes to this privacy policy
The Owner reserves the right to make changes to this privacy policy at any time by notifying its Users on this page and possibly within FinLit.ac and/or - as far as technically and legally feasible - sending a notice to Users via any contact information available to the Owner. It is strongly recommended to check this page often, referring to the date of the last modification listed at the bottom.
This document relates to all FinLit.ac's apps and services that reference it.
Definitions and legal references
Personal Data (or Data)
Any information that directly, indirectly, or in connection with other information — including a personal identification number — allows for the identification or identifiability of a natural person.
Usage Data
Information collected automatically through FinLit.ac (or third-party services employed in FinLit.ac), which can include: the IP addresses or domain names of the computers utilized by the Users who use FinLit.ac, the URI addresses (Uniform Resource Identifier), the time of the request, the method utilized to submit the request to the server, the size of the file received in response, the numerical code indicating the status of the server's answer (successful outcome, error, etc.), the country of origin, the features of the browser and the operating system utilized by the User, the various time details per visit (e.g., the time spent on each page within the Application) and the details about the path followed within the Application with special reference to the sequence of pages visited, and other parameters about the device operating system and/or the User's IT environment.
User
The individual using FinLit.ac who, unless otherwise specified, coincides with the Data Subject.
Data Subject
The natural person to whom the Personal Data refers.
Data Processor (or Data Supervisor)
The natural or legal person, public authority, agency or other body which processes Personal Data on behalf of the Controller, as described in this privacy policy.
Data Controller (or Owner)
The natural or legal person, public authority, agency or other body which, alone or jointly with others, determines the purposes and means of the processing of Personal Data, including the security measures concerning the operation and use of FinLit.ac. The Data Controller, unless otherwise specified, is the Owner of FinLit.ac.
FinLit.ac (or this Application)
The means by which the Personal Data of the User is collected and processed.
Service
The service provided by FinLit.ac as described in the relative terms (if available) and on this site/application.
European Union (or EU)
Unless otherwise specified, all references made within this document to the European Union include all current member states to the European Union and the European Economic Area.
Cookies
Small sets of data stored in the User's device.
This privacy policy relates solely to FinLit.ac, if not stated otherwise within this document.
Last update: August 2023.
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