I. Introduction

 

At Amalgamated Investment Bancorporation (“we”, “us” or “our”) we commit to the protection of data of our Clients (“you”, “your” or “yours”) obtained in the course of our business. We take the privacy of our Clients very seriously and urge all Clients to read our Privacy Policy carefully. By using our website, using our Services, and providing your personal information to us, you agree and acknowledge to this Privacy Policy.

This privacy policy (hereinafter known as “Privacy Policy”) provides crucial information about:

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• The type of data or information we collect

• The manner of collection, storage, and usage of data or information

• The purposes for which we collect and use data

• How we share your data or information

• How long we retain your data or information

• Your rights concerning your data or information

• Management of any modifications to this Privacy Policy

• How to contact us in case you have any suggestions, concerns, or complaints

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The foregoing information will be stated by this “Privacy Policy” incorporating the minimum standards provided by Republic Act No. 10173, also known as the “Data Privacy Act of 2012” (An Act Protecting Individual Personal Information in Information and Communications Systems in the Government and the Private Sector, Creating for this Purpose a National Privacy Commission and for Other Purposes) which took effect on September 8, 2012 (the “Act”).

This Privacy Policy includes personal information about the Client obtained from the client (i.e. AIB Customer Information Sheet) and or other sources outside of the use of this Website.

 

II. Definitions

 

Who we are: Amalgamated Investment Bancorporation, (“we”, “us” or “our”) collect, store, and use your data or information.

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Client: The Client (“you”, “your” or “yours”) accomplishing our forms, which means you agree to the provisions of this Privacy Policy.

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Parties: The parties to this Privacy Policy are the Personal Information Controller or “Amalgamated Investment Bancorporation” and the Client.

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Personal Information Controller: Refers to Amalgamated Investment Bancorporation or the one who is responsible for the control of the processing of your data or information.

Personal Information: Refers to and may be used interchangeably with your “data or information” that we obtain from your use of aib.com.ph or submission of the Customer Information Sheet and other documents, which can directly or reasonably ascertain your identity.

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Services: Refer to any services that are offered on aib.com.ph.

 

III. Personal Information

 

The following are the types of personal information that will be collected from you:

Personal Identification Information

Financial Information

Communication Data

Transaction Data

Regulatory and Compliance Data

 

IV. Purpose of Processing Personal Information

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Your personal information will be processed for the following purposes:

 

Portfolio Management. We use the information to assist you to create and manage your investment portfolio.

 

Client Personalization. Data collected are utilized to personalize content recommendations based on your investment behavior and interests.

 

Regulatory Compliance. We ensure that the data you provided adheres to regulatory standards and guidelines on due diligence, anti-money laundering and counter-terrorism undertakings.

 

Data Security and Privacy. We protect your information and investment data by implementing strong data security measures.

 

Customer Support. We utilize your data to provide better customer support.

 

V. Criteria for Lawful Processing of Personal Information

 

In accordance with the specified purposes of using your data or information, the following criteria or legal basis for processing your information:

 

• You give us your consent before we collect and process your personal information.

• Processing your personal information involves the performance of an obligation under a contract to which you are a party, including the act of entering into a contract obligation.

• Processing your personal information is required for us to comply with a legal obligation.

• Processing your personal information is necessary to fulfil the constitutional or statutory mandate of a public authority.

 

Generally, we will process your personal information based on the specified purposes in this Privacy Policy mainly where:

 

• We obtain your consent explicitly when we process your personal information based on the purposes specified in this Privacy Policy.

• It is required in order to perform a contractual obligation to which you are a party, including the act of entering into such contractual obligation with you.

• We are required to comply with a legal obligation.

• It is necessary for the fulfillment of the constitutional or statutory mandate of a public authority.

 

VI. Third-Party Service Providers

 

• Non-sale of Data: Your personal information will not be sold to third parties.

• Storage: We may use the services of third-party service providers for web or cloud storage to assist us with storing your information.

 

VII. Length of Retention of Personal Information

 

Your data or information will be retained by us for throughout the duration of your relationship with us.

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Should our relationship with you ends, we are mandated by law to delete your data within five (5) years after you close your account with AIB. Your information shall be destroyed and deleted.

 

VIII. Rights of the Client

 

The following are your rights in relation to your data or information handled by us. These rights are those laid down by the Data Privacy Act of 2012:

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• You have the right to be informed whether data or information pertaining to you shall be, are being, or have been processed, including the existence of automated decision-making and profiling.

• You have the right to object to the processing of your data or information, including processing for direct marketing, automated processing, or profiling.

• You have the right to reasonable access to your personal data and request a copy of such upon demand.

• You have the right to obtain a copy of your personal data and/or have the same transmitted in an electronic or structured format that is commonly used.

• You have the right to dispute, to erase or block, or destroy your data or information from our system if your data is proven to be inaccurate, outdated, illegally obtained or though unauthorized use.

• Right to damages and to file a compliant if proven any of the abovementioned rights were violated.

 

When you object or withhold your consent, we shall no longer process the personal data, unless:

 

• The data or information is needed pursuant to a subpoena;

• The collection and processing are for obvious purposes, including, when it is necessary for the performance of or in relation to a contract or service to which you are a party, or when necessary or desirable in the context of an employer-employee relationship between the collector and the data subject; or

• The information is being collected and processed as a result of a legal obligation.

 

 

IX. Revision and Update of Privacy Policy

 

We may update the revise this Privacy Policy from time to time and will notify you of any changes through our website.

 

X. Contact and Data Protection Officer

 

We are responsible for the processing of your Data or Information and we can be contacted using the following information:

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info@aib.com.ph

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Amalgamated Investment Bancorporation

11th Floor 6805 Ayala Avenue, Makati City