Security & Compliance

Your security is our foundation

We built Savelo from the ground up with security as a core principle -- not an afterthought. Your financial data deserves the highest level of protection, and that is exactly what we deliver.

Data Encryption

All data transmitted between your device and Savelo's servers is encrypted using TLS 1.3, the same protocol used by major banks. Data at rest is protected with AES-256 encryption -- the gold standard for data security used by the U.S. government.

  • TLS 1.3 for all data in transit
  • AES-256 encryption for data at rest
  • Encryption keys rotated regularly and stored in hardware security modules (HSMs)

SOC 2 Type II Compliance

Savelo has undergone rigorous SOC 2 Type II auditing by an independent third party. This means our security controls are not only designed properly but have been tested and verified to work effectively over time.

  • Independent third-party audit completed annually
  • Covers security, availability, processing integrity, confidentiality, and privacy
  • SOC 2 report available to enterprise customers upon request

Plaid Partnership -- Read-Only Access

We connect to your bank through Plaid, the same trusted infrastructure used by Venmo, Robinhood, and Coinbase. Our integration uses read-only access -- Savelo can see your transactions and balances, but can never move your money, make purchases, or initiate transfers.

  • Read-only access -- we can never move your money
  • 10,000+ financial institutions supported
  • Credentials stored by Plaid, never by Savelo
  • Disconnect your bank at any time from within the app

Data Minimization

We follow the principle of data minimization: we only collect the data we need to provide you with a great experience. We do not collect unnecessary personal information, and we give you full control over your data at all times.

  • Only essential data collected for app functionality
  • Export or delete your data at any time
  • Automatic data retention policies with scheduled purges for inactive data

No-Sell Policy

Your data is yours. Period. We will never sell, rent, or share your personal financial data with third-party advertisers, data brokers, or marketing companies. Our business model is built on subscriptions -- not on selling your information.

Our commitment:

"We will never sell your financial data. Not today. Not ever. Your trust is worth more to us than any advertising deal."

GDPR & CCPA Compliance

Savelo is compliant with the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). Regardless of where you live, you have full rights over your personal data.

Your Rights

  • Right to access your data
  • Right to correct your data
  • Right to delete your data
  • Right to data portability
  • Right to opt out of processing

Our Practices

  • Clear, plain-language privacy policy
  • Explicit consent before data collection
  • 72-hour breach notification
  • Data Protection Officer on staff
  • Regular privacy impact assessments

Enterprise Security Features

For organizations offering Savelo as an employee benefit, we provide additional security controls designed for enterprise environments. Your employees get a world-class financial coach; your security team gets peace of mind.

  • SSO via SAML 2.0 / OIDC
  • SCIM provisioning
  • Role-based access control
  • Audit logging
  • Zero PII in employer dashboards
  • Dedicated infrastructure option
  • Custom data retention policies
  • 24/7 dedicated support

Questions about security?

Our security team is happy to answer any questions. For enterprise customers, we can provide our full SOC 2 report and schedule a security review call.

Contact Security Team Enterprise Inquiries