We keep three types of Cake user data: identity, transaction and other data.
Identity data 👨👩
First of all, we ask for your family name, first name(s) and date of birth. This data is saved in a secure Cake database.
When claiming your first Rewards (or once we starting supporting payment initiation services), we are legally required to ask for a photo ID.
It's important to note that we operate as an official financial institution, under the supervision of the National Bank of Belgium. 📜 This identity check is required under the European anti-money laundering laws.
The data from your identity card (or passport) are captured using Optical Character Recognition (OCR) and saved in a secured Cake database.
Transaction data 💶
When linking your bank account to the Cake app, we store all the data regarding this bank account: account number, currency, transaction data, etc.
💡 Blog: How we handle your data?