- Jun 15, 2017
Thanks for the question!
22seven launched back in 2012 and we were acquired by Old Mutual in 2013. Over 180 000 South Africans currently use the app. We haven't had any security incidents since launch, as we go to great lengths to ensure we protect the info we do collect.
22seven is read-only, so we're unable to transact on any of your accounts. Your actual login credentials are encrypted and are never seen by human eyes. They're stored by our data partner, Yodlee. They're the biggest and the best at what they do. They're used by over 50 million people and over 300 financial institutions worldwide, including 7 of the top 10 financial institutions in the US. In South Africa, they're used by the likes of Nedbank and Investec. Yodlee hold patents in information security and are regulated like a bank in the US. Security is their business. If you're interested, you can learn more about their security here.
Additionally, for your peace is mind, 22seven is insured by Beazley. If your information is compromised (which we never expect to happen) and you lose money as a result, we’re covered and will refund you. You can read more about our security and how we’re insured over on the Security page on our website.
We're also audited on a regular basis to ensure our systems remain water tight.
Give us a shout if you have any other questions! You can reach us via email@example.com, via live chat on our website/mobile apps, or on social media
- The Svens (22seven's support team)