Welcome to The Richest Man in Babylon — a personal finance app inspired by George S. Clason's timeless classic. We are committed to protecting your privacy and handling your information with transparency and respect.
This Privacy Policy applies to our iOS and Android mobile applications and describes the types of information we may collect, how we use that information, and the choices you have regarding your data.
By downloading or using our app, you agree to the collection and use of information in accordance with this policy. If you do not agree with any part of this policy, please do not use the app.
Ancient Principle: Just as Arkad safeguarded his gold with wisdom, we safeguard your data with care. We only collect what is necessary and use it only as described in this policy.
We collect only the minimum information necessary to provide our service. Here is what we may collect:
A Account Information
- arrow_right Name and email address (when you create an account)
- arrow_right Profile picture (optional, only if you choose to upload one)
- arrow_right Authentication information (hashed passwords; we never store plain-text passwords)
B Financial & Budget Data
- arrow_right Income and expense data you manually enter into the app
- arrow_right Savings goals and budget categories you create
- arrow_right Financial wellness progress and milestones
lock Your financial data is stored locally on your device and is never transmitted to our servers unless you explicitly enable cloud backup.
C Usage & Technical Data
- arrow_right Device type, operating system, and app version
- arrow_right Crash reports and error logs (anonymized) to improve stability
- arrow_right Feature usage analytics (aggregated and anonymized)
- arrow_right App session duration and frequency
We use the information we collect for the following purposes:
Operate and maintain the app, manage your account, and deliver the features you use.
Analyze usage patterns to fix bugs, optimize performance, and build better features.
Send important updates, security alerts, and support responses (never marketing without consent).
Meet our legal obligations and enforce our Terms of Service when necessary.
We will never use your personal information to target you with third-party advertisements, sell it to data brokers, or use it for purposes not described in this policy without your explicit consent.
We do not sell, rent, or trade your personal information. We may share limited data in the following limited circumstances:
We work with trusted third-party providers (e.g., cloud hosting, crash analytics) who process data only on our behalf under strict confidentiality agreements.
We may disclose your information if required by law, court order, or government authority, or to protect the rights and safety of our users.
In the event of a merger or acquisition, your data may be transferred. We will notify you in advance and you may choose to delete your account.
We may share information for any other purpose with your explicit, informed consent.
We retain your personal information only as long as necessary to fulfill the purposes described in this policy, or as required by law.
| Data Type | Retention Period |
|---|---|
| Account information | Until account deletion + 30 days |
| Financial data (local) | Stored on your device; deleted when app is uninstalled |
| Cloud backup (if enabled) | Until account deletion + 30 days |
| Crash logs & analytics | 90 days, then permanently deleted |
| Support correspondence | 2 years after last interaction |
When your data reaches the end of its retention period, it is securely and permanently deleted from our systems.
Depending on your location, you may have the following rights regarding your personal information:
Request a copy of the personal information we hold about you.
Request correction of inaccurate or incomplete personal data.
Request deletion of your personal data (right to be forgotten).
Receive your data in a machine-readable format to transfer elsewhere.
Object to certain types of processing, such as direct marketing.
Request that we restrict processing while a dispute is resolved.
To exercise any of these rights, please contact us at privacy@babylonapp.com. We will respond within 30 days. You also have the right to lodge a complaint with your local data protection authority.
We implement industry-standard security measures to protect your information from unauthorized access, alteration, disclosure, or destruction. Our safeguards include:
All data transmitted between the app and our servers is encrypted using TLS 1.3.
Financial data stored locally is encrypted using AES-256, secured by your device's secure enclave.
Passwords are hashed with bcrypt. We support biometric authentication for secure app access.
We conduct regular security assessments and promptly address any vulnerabilities discovered.
However, no method of transmission over the internet or electronic storage is 100% secure. While we strive to protect your data, we cannot guarantee absolute security. We encourage you to use a strong, unique password and enable biometric lock.
Our app is not directed to children under the age of 13 years old (or 16 in the European Economic Area). We do not knowingly collect personal information from children under these ages.
If we discover that a child under 13 has provided us with personal information, we will promptly delete it from our servers. If you are a parent or guardian and believe your child has provided us with personal data, please contact us immediately at privacy@babylonapp.com.
Our app may use the following third-party services. Each has its own privacy policy governing the use of your information:
App distribution and in-app purchase processing
Crash reporting and anonymized analytics
Cloud backup, only if you explicitly enable it
Our app does not contain any third-party advertising SDKs. We do not allow third parties to use your data for their own advertising purposes.
We may update this Privacy Policy from time to time. When we make material changes, we will:
- arrow_right Notify you via an in-app notification or prominent banner
- arrow_right Send an email notification to your registered address (for significant changes)
- arrow_right Update the "Last Updated" date at the top of this page
Your continued use of the app after changes become effective constitutes your acceptance of the revised policy. If you do not agree, you may delete your account before the changes take effect.
If you have any questions, concerns, or requests regarding this Privacy Policy or the handling of your personal data, please reach out to us through any of the following channels:
Response Time: We will respond to all privacy-related inquiries within 30 calendar days.
Data Controller: Babylon Financial App · Registered Entity · All rights reserved.