Security

Your sensitive data is safe with us. The NewBanking Platform has been built from the ground up to secure your data.

Secure by Design & Designed for Privacy

You are in Control - Our system has been designed with you in control. Your data is yours, and yours only. Only you can give other people (or companies) access to see it. You can also easily revoke such access.

Secure Storage - You have your own online data vault where all your data is stored using military-grade encryption (“aes-256-cbc”). Your data is safe from others.

Secure Transmission - All your data is encrypted according to the highest standards (TLS v1.2+) when transmitted to and from our platform.

Confidentiality - Only you, and those you have explicitly given consent to, can access your data. No one else can, not even NewBanking.

Blockchain - We use blockchain technology to manage data access consents in an innovative way where it cannot be disputed who has given (or withdrawn) consents to whom to see certain user data. We have a patent pending on this innovation.

Secure Hosting - We host our platform on DigitalOcean, the third largest cloud platform in the world. DigitalOcean is ISO27001:2013 and PCI-DSS certified, and SOC 1 type II and SOC 2 type II attested. Read more.

Security Audits - We do regular security audits with credible and independent security experts to ensure that our platform stays hardened and secure.

24/7 Watchdog- We log all access to our platform, and we monitor that services are up and running.

Backup - All data is backed up regularly and transported offsite, so even if an earthquake or flood hits our servers then your data won’t be lost.

No Single Point of Failure - All services and data are fully mirrored, so even if a server or database breaks down then another stands ready to immediately take over.

Certifications - We are currently working with top security consultants to get an ISO27001 certification, alongside suitable attestations.

To sum it all up, we are committed to security, and we work hard to keep your data safe.

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