Akulaku Mobile Application User Registration
I am registering as a user of the Akulaku Mobile Application, owned and operated by Streetcorner Lending Corp. Doing Business Under the Name and Style of Akulaku
To continue with my user registration, I confirm the following:
I affirm that all the information and documents I submit to Akulaku during my user registration or any subsequent application for products and services are accurate and true.
I acknowledge that I have the right and responsibility to identify and rectify any inaccurate information I have provided to Akulaku, including personal data obtained from third parties, and to request Akulaku to promptly correct, erase, or halt the further processing of such information when substantial evidence indicates it is incomplete, outdated, false, unlawfully obtained, or used for unauthorized purposes.
Akulaku reserves the right, at its sole discretion, to automatically reject my user registration, product and service applications, revoke its approval, and/or initiate legal action against me, including claims for damages arising from the provision of false or incorrect information. Furthermore, I undertake to defend, indemnify, and absolve Akulaku from any actual or alleged obligations, claims, demands, legal actions, liability, loss, costs, expenses, damages, or injuries arising from my breach of this clause.
Personal Data Processed
I grant Akulaku explicit consent to collect, process, utilize, and retain (collectively referred to as ‘process’ or ‘processing’) my personal information and sensitive personal information (collectively referred to as ‘personal data’). This includes but is not limited to my name, address, contact details, age, nationality, gender, marital status, photographs, fingerprints, and other biometric data (such as facial recognition and voice recognition). It also covers employment particulars, income, financial data, financial profile, credit history, loan payment records, government-issued identification numbers, and any other data required in the mobile application’s user registration form or Akulaku product application forms.
I also authorize Akulaku to process the following types of data: Mobile device data (such as SIM card details, IMEI, or other device identifiers, device type, operating system, settings, user account information for the mobile device or Google PlayStore account, information about the mobile network provider, and device specifications); Location data (including the mobile device’s location and time zone setting); Phone data (comprising contact lists, SMS metadata, and information about mobile applications present on the mobile device); and mobile app usage data (such as traffic volume and mobile app usage statistics).
Furthermore, I consent to the processing of communication-related data with Akulaku (e.g., communication through in-app chat, email, telephone, or other channels).
I grant Akulaku permission to process credit information obtained from third parties (e.g., information obtained from or provided to credit reference agencies or bureaus, external collection agencies, and mobile network providers).
Lastly, I authorize Akulaku to process the personal data of character references or any individuals whose personal data I may share with Akulaku in connection with any products or services I may avail of following user registration. I also affirm that I have obtained the necessary consent from these individuals for the processing activities described in this document.
Use of Personal Data
I grant permission for the following purposes:
- The creation of my user account in the Akulaku Mobile Application.
- Data analytics, statistical analysis, demographics, and business development purposes, including the enhancement of the mobile app and Akulaku’s credit scoring algorithm, the development of effective service delivery and payment collection strategies, improvement of customer experience, and customer assistance.
- Direct marketing of Akulaku’s current and potential financial services, as well as the products and services offered by its partners.
- Fraud detection and investigation.
- All stages involved in providing the products and services I may apply for, including loan application evaluation, automated processing, compliance with eKYC (Know Your Customer) regulations mandated by the Bangko Sentral ng Pilipinas and the Anti-Money Laundering Council, credit verification, credit scoring, and payment collection.
- Assessment and usage to determine my eligibility and suitability for potential or future cross-selling of Akulaku products, including direct marketing for other products and services offered by Akulaku and its partners, as well as the introduction of new services by Akulaku.
Data Disclosure and Sharing
I grant permission for the disclosure and collection of my personal data by Third Party Entities (referred to as ‘Partners’) engaged by Akulaku, as outlined under the ‘Use of Personal Data’ section. These Partners may include my employer (for auto-debit or other auto-deduction mechanisms), whether in the private or government sector, telecommunications and utility companies, government agencies, credit bureaus, remittance companies, insurance providers, financial service providers, and other service providers.
I also authorize Akulaku to share my personal data with its parent company, affiliates, and subsidiaries, even in cases where my loan with Akulaku is transferred or assigned to another creditor. This sharing is for purposes such as data analytics, determination of insurable interest and the insured amount, statistical analysis, demographics, business development, and fraud detection and investigation.
Storage and Retention
I provide consent for Akulaku to retain and securely store my personal data, relevant information, and associated documents for as long as necessary to fulfill the stated and legitimate purposes mentioned earlier. This retention will strictly adhere to Akulaku’s records retention policy.
Subsequently, my personal data will be securely disposed of to prevent further processing, unauthorized access, or disclosure to any other parties or the public. This disposal will be conducted in a manner that safeguards my information.
However, it’s important to note that Akulaku reserves the right to retain this data when required to comply with applicable laws and regulations, for the purpose of establishing and defending legal claims, or for any other permissible purposes under relevant laws and regulations, including the Data Privacy Laws, which encompass Republic Act No. 10173, its Implementing Rules and Regulations, and directives from the National Privacy Commission (‘NPC’).
I grant Akulaku permission to contact me through various communication channels, including but not limited to the mobile app, phone calls, SMS/text messages, emails, postal mail, or any other legitimate means of communication. This contact may include updates related to the mobile application, notifications about the status of my applications for their products and services, information about Akulaku’s products and services, as well as those of its Partners, and for other lawful purposes.
I acknowledge that Akulaku may also communicate with my character references and individuals residing at my place of residence when enforcing its right to collect on the loan. This may involve the sharing of my personal data.
Furthermore, I authorize Akulaku to maintain a record of all interactions and communications I have with its employees, representatives, or agents, regardless of the communication channel used.
Data Subject Rights
I acknowledge that my consent is subject to the relevant laws and regulations, including Data Privacy Laws and their associated rules and regulations. I am fully aware of my rights as a data subject, which include the right to be informed, access, rectify, erase, block, and object to the processing of my personal data. I also have the right to lodge a complaint with the National Privacy Commission (NPC).
While I have the right to withdraw my consent for further processing of my personal data at any time, I understand and agree that Akulaku may lawfully continue processing my personal data for purposes such as compliance with applicable laws and regulations and the protection of its legitimate rights and interests. I acknowledge that withdrawing my consent gives Akulaku the right to deny, suspend, or terminate my registration and user account without the need for further notice or demand.
I am aware that I can contact Akulaku to inquire about the processing of my personal data, file complaints regarding such processing, or exercise any of my data subject rights by sending an email to the Data Protection Officer at DPO@akulaku.com.
All of the aforementioned terms and conditions shall remain in effect even if my registration or any application for products and services is declined. In the event that any of these provisions are deemed unlawful, invalid, or unenforceable in any manner, such a determination will not impact the legality, validity, or enforceability of the remaining provisions. If any part of this document contradicts the Loan Agreement, I acknowledge that the Loan Agreement will take precedence.