All personal information used to access financial data is securely encrypted by Belvo. We use SHA256 encryption process with hundreds of thousands of iterations which is as robust and secure as data encryption performed by any bank.
We offer our clients two possibilities to comply with any data security policy they have implemented:
- The basic setup involves Belvo storing and encrypting end users passwords with our own safe keys. Data is always stored encrypted
- The second option is to provide an encryption key to encrypt the information that Belvo doesn’t store and only our client knows. This is an extra layer of security we offer our clients if they want to use it
In addition, Belvo complies with the highest data privacy standards and follows European GDPR to protect and ensure data is only used for the specific purpose the end user is requesting.