Privacy and Data Protection Statement

At Algarizm Financial Services, safeguarding your personal data is central to our business and regulatory responsibilities. As a financial services provider, we are committed to handling your information with the highest standards of confidentiality, security, and compliance with the General Data Protection Regulation (GDPR) and applicable local data protection laws.

You can browse our website without providing personal information. However, when you engage with certain services, such as opening an account, subscribing to updates, or contacting us, we may need to collect and process personal data. Where no other lawful basis applies, we will seek your explicit consent.

This statement explains how we collect, use, and protect your data, and it outlines your rights under GDPR.

1. Data Controller

Algarizm Financial Services Ltd is the Data Controller responsible for your personal data.

Contact details:
Email: support@algarizmfs.com
Phone: +353 89 971 0803‬
Address: Deer park, Manorwest, Tralee, Co - Kerry, Republic of Ireland

2. Glossary of Key Terms

We use GDPR terminology to ensure transparency:

  • Personal Data: Information that identifies an individual (e.g., name, ID number, contact details, financial information).

  • Data Subject: The individual whose personal data is processed.

  • Processing: Any operation on personal data (e.g., collection, storage, use, disclosure, deletion).

  • Controller: The entity that determines how and why personal data is processed.

  • Processor: Third parties who process data on behalf of the Controller.

  • Consent: Freely given, informed agreement to process data.

3. Lawful Basis for Processing

We process personal data where at least one of the following applies:

  • Consent (e.g., marketing communications).

  • Contract (e.g., delivering financial services you request).

  • Legal Obligation (e.g., anti-money laundering, regulatory reporting).

  • Legitimate Interests (e.g., fraud prevention, improving services).

4. Categories of Data We Collect

Depending on your relationship with us, we may collect:

  • Identification data (name, date of birth, ID documents).

  • Contact details (email, phone, address).

  • Financial information (bank account, transaction data).

  • Technical data (IP address, browser type, device).

  • Employment or application data (for recruitment).

5. Purpose of Processing

We process data for:

  • Providing and managing financial services.

  • Meeting legal and regulatory obligations (e.g., AML, KYC, tax reporting).

  • Customer support and service improvement.

  • Marketing and communications (where consent is given).

  • Fraud detection and security monitoring.

6. Data Sharing and Transfers

  • We may share personal data with regulators, auditors, financial institutions, or trusted service providers (processors).

  • We ensure all processors comply with GDPR via contracts.

  • Where data is transferred outside the EEA, we apply safeguards such as Standard Contractual Clauses (SCCs).

7. Data Retention

We retain personal data only as long as necessary for the purposes collected or as required by law (e.g., financial and anti-money laundering records must be retained for a minimum of 5 years). After this period, data is securely deleted or anonymised.

8. Data Security

We implement technical and organizational measures (encryption, access controls, monitoring) to protect personal data against loss, misuse, or unauthorized access.

9. Cookies and Website Analytics

Our website uses cookies and analytics tools to improve usability and monitor performance. You can manage cookies through your browser settings.

10. Rights of Data Subjects

Under GDPR, you have the right to:

  • Access your personal data.

  • Request correction or deletion.

  • Restrict or object to processing.

  • Data portability (receive your data in machine-readable format).

  • Withdraw consent (where consent was the lawful basis).

  • Lodge a complaint with your local Data Protection Authority.

To exercise your rights, contact [Insert Data Protection Officer contact].

11. Recruitment and Applications

Personal data provided during recruitment is processed only for that purpose. If no employment contract is concluded, your data will be deleted within 6 months, unless legal or regulatory obligations require retention.

12. Marketing and Communications

We will only send marketing communications where we have your consent. You may unsubscribe at any time.

13. Changes to This Statement

We may update this policy to reflect legal, technical, or business changes. Any updates will be posted on our website with the date of revision.

14. Contact Us

For questions, requests, or complaints regarding this statement, please contact:

Data Protection Officer
Algarizm Financial Services Ltd
Email: support@algarizmfs.com
Address: Deer park, Manorwest, Tralee, Co - Kerry, Republic of Ireland