Data Processing Agreement

Data Collection and Processing

Honeycomb Credit collects and processes your personal and business information to evaluate your loan application and provide our services. This includes information you provide directly, as well as data we obtain from third parties such as credit bureaus, financial institutions, and business verification services.

Automated Processing

We utilize automated systems and processes to evaluate applications, including:

• Automated creditworthiness assessments
• Risk evaluation algorithms
• Document verification and processing systems
• Fraud detection and prevention tools
• Application routing and workflow management

These automated processes help us provide faster, more efficient service while maintaining consistent evaluation standards.

Generative AI and Machine Learning

We employ generative artificial intelligence models and machine learning technologies to enhance our services, including:

• Document analysis and data extraction
• Application review and processing assistance
• Customer service and communication improvements

By using our platform, you consent to the processing of your information through these AI systems to improve our services and your experience.

Document Processing and AI Training

Documents you upload to our platform may be used in the following ways:

• Processing and analysis for your loan application
• Training and improving our private AI models and document processing systems
• Enhancing our automated document verification capabilities
• Improving our overall service quality and efficiency

All document processing and AI training activities are conducted using private, secure systems. Your documents will not be shared with external AI services or used for purposes outside of our internal systems and service improvements.

Data Security

We maintain industry-standard security measures to protect your information:

• End-to-end encryption for data transmission and storage
• Secure cloud infrastructure with access controls
• Regular security audits and monitoring
• Employee training on data protection and privacy
• Compliance with applicable data protection regulations

Your Rights

You have rights regarding your personal data, including:

• The right to access your personal information
• The right to request corrections to inaccurate data
• The right to request deletion of your data (subject to legal requirements)
• The right to object to certain types of processing
• The right to data portability where applicable

To exercise these rights or for questions about data processing, please contact us at support@honeycombcredit.com.

Legal Basis

We process your data based on:

• Your explicit consent for optional services
• Contractual necessity for loan application processing
• Legal compliance requirements
• Legitimate business interests in improving our services

Updates to This Agreement

We may update this Data Processing Agreement from time to time. We will notify you of material changes through our platform or by email. Your continued use of our services constitutes acceptance of any updates.