Pentadata does not store the consumers' credentials, and they are able to disconnect their accounts at any time – this gives the consumer control of their data. This is consistent with the industry standard for security and encryption protocols.
What information will be displayed to the consumer?
Pentadata uses several different data sources to gather consumer financial data. Depending on the financial institution, Pentadata will display to the consumer the method that their data is being shared. This can be a direct connection to the financial institution or using a third-party data aggregator partner.
Why is this information required to be shown to the consumer?
Pentadata requires this information to be shown to the consumer to provide complete transparency on how their data is being shared and to whom. Pentadata will also display the types of information to be collected.