Regulatory Guidance and Financial Advice
How Penny ensures compliance with financial regulations and the difference between providing insights and advice
Penny operates under strict regulatory guidelines to ensure compliance with financial standards and consumer protection laws. Here’s how:
- Information, Not Advice: Penny provides users with information based on their spending habits and financial activities. It does not offer personalised financial advice, investment recommendations, or any form of professional guidance. Users should consult a qualified financial advisor for any advice regarding their finances.
- Data Privacy Compliance: Penny adheres to all relevant data protection regulations, ensuring that your personal and financial information is handled securely and privately.
- Transparency in Communication: Penny aims to provide clear and accurate information, always clarifying its limitations and the nature of the insights it offers.
Penny is here to support and inform, not to advise. Always rely on professional financial advice for critical decisions.