How does Prosaic use AI services, and what happens to my data?

How does Prosaic use AI services, and what happens to my data?

At Prosaic, we integrate advanced AI technologies to enhance your experience, particularly in features like automatic expense detection and transaction coding. To achieve this, we collaborate with reputable third-party AI providers, including OpenAI. Here's how we ensure your data remains secure and private:

Data Sharing and Usage:

Purpose-Driven Sharing: We share only the necessary data with our AI partners to deliver and improve specific features. This means your data is used solely to provide functionalities like expense detection and automated coding.
No Training on Your Data: Our agreements with AI providers, such as OpenAI, stipulate that your data will not be used to train or enhance their models. This ensures that your information remains exclusive to the services we offer you. For more details, you can refer to OpenAI's Enterprise Privacy commitments.

Data Security Measures:

Strict Confidentiality: All third-party AI providers we collaborate with are contractually obligated to maintain the confidentiality and security of your data. They are prohibited from using your information for any purposes other than those we've specified.
Compliance with Standards: We ensure that our AI partners adhere to industry-standard security practices and comply with relevant data protection regulations, such as the GDPR and CCPA. OpenAI, for instance, has completed a SOC 2 Type 2 audit, confirming their alignment with industry standards for security and confidentiality. You can learn more about their security measures here.

Your Control Over Data:

Transparency: We are committed to being transparent about how your data is used. If you have any questions or concerns about our data practices, please reach out to us.
Consent: We ensure that any data sharing with AI providers is done with your explicit consent, and you have the right to withdraw this consent at any time.

By integrating AI services responsibly, we aim to provide you with efficient and innovative features while prioritising the security and privacy of your data.