1. Introduction
Remit Connect ("we", "us", "our") is dedicated to protecting your business and transaction privacy. This Privacy Policy describes how we collect, store, share, and protect your information when using the Remit Connect B2B payout platform, APIs, developer portals, and websites.
By integrating with Remit Connect or accessing our domestic clearing networks, you agree to the practices detailed in this policy. We ensure that our data processes remain in complete alignment with regional clearing compliance requirements across all active APAC jurisdictions.
2. Information We Collect
To operate our enterprise payout network and satisfy financial regulator demands, we collect several categories of information:
- Institutional Account Information: Corporate contact details, authorized representatives, business registration papers, and tax identifiers.
- Technical and API Data: IP addresses, developer API usage metrics, authentication tokens, security request logs, and routing endpoints.
- Transaction Information: Payout amount, currency details, sender institutional identities, recipient bank account numbers, clearing routing codes, and timestamp logs.
3. How We Use Data
We use the collected information for specific, legitimate business purposes:
- Executing real-time B2B clearing and payouts to domestic payment rails.
- Enforcing KYC (Know Your Customer) and AML (Anti-Money Laundering) checks to prevent fraudulent cross-border financial activities.
- Providing technical API support and maintaining server performance.
- Fulfilling legal requirements under international banking regulations and local APAC guidelines.
4. Data Sharing and Transfer
Remit Connect does not sell, lease, or distribute data to third-party advertisers. Information is strictly shared with authorized partners to process transactions:
We transmit transaction instructions to local clearing houses, commercial bank payout partners, and regulatory supervisors as required to complete the cross-border remittance corridor lifecycle. All sharing is protected by strict service level agreements (SLAs) and encryption standards.
5. Enterprise Data Security
We maintain an industry-standard security posture to safeguard sensitive transactional data:
- Encryption: All data is encrypted in transit using Transport Layer Security (TLS 1.3) and at rest utilizing AES-256 standard encryption keys.
- Network Isolation: Sandbox, API endpoints, and production networks are isolated behind next-generation enterprise firewalls.
- Access Controls: Role-based access controls (RBAC) ensure that only authorized personnel can view sensitive account records.
6. Updates to This Policy
We may periodically update this Privacy Policy to reflect changing banking directives or operational upgrades. Important modifications will be communicated via our developer newsletter or posted directly on our regulatory subpage.