Welcome Finance, Inc. (the “Company”) is committed to providing you with competitive products and services to meet your financial needs and
help you reach your goals. We are equally committed to protecting the privacy of our clients.
Under the Data Privacy Act, we are required to give you this privacy notice.
includes information about the parties who receive personal information from us as we conduct the business of the Company.
If after reading this notice you have questions, please contact us at:
(02) 650-4020 loc. 1550 or write to:
Welcome Finance, Inc.
(Addressed to Mr. Jae Bong Jang, Data Protection Officer)
Unit 1804-1806 Taipan Place Building, Ortigas Jr. Road, Ortigas Center, Pasig City 1605
We collect nonpublic personal information about you from the following sources:
We may disclose all of the information we collect, as described above, as permitted by law.
We may disclose nonpublic personal information about you to the following third parties:
In compliance with the requirements of the Data Privacy Act, we would like to secure your consent on the general use and sharing of information obtained from you in the course of your transaction/s with any member of Welcome Finance, Inc. or from third parties. These data, which include your personal or sensitive personal information, may be collected, processed, stored, updated, or disclosed by WFP (i) for legitimate purposes, (ii) to implement transactions which you request, allow, or authorize, (iii) to offer and provide new or related products and services of the Welcome Finance, third parties, or Non Affiliated Third Parties and, (iv) to comply with the WFP’s internal policies and its reporting obligations to governmental authorities under applicable laws.
Your consent will allow members of the Welcome Finance, Inc. to process, collect, use, store, or disclose, Share, your information to other members, to governmental authorities, and to Non Affiliated third parties, as may be necessary.
Your information may continue to be collected, stored, processed and/or shared for five (5) years from the conclusion of your transactions with any member of the Welcome Finance, Inc. or until the expiration of the retention limits set by applicable law, whichever comes later.
In order for us to conduct the business of the Company, we may disclose all of the information we collect, as described above, to other financial institutions with whom we have agreements, to other companies that perform services on our behalf, or to nonaffiliated third parties for the purposes of processing and servicing transactions that you request or authorize, so that we can provide you competitive products and services.
If you terminate your account with Welcome Finance, Inc., we will not share information we have collected about you, except as may be permitted or required by law.
We restrict access to nonpublic personal information about you to any persons that may not be authorized by you and our Management. We maintain physical, electronic, or security measures that comply with the Data Privacy Act to guard your nonpublic personal information.
We will hold your nonpublic personal information under our custody for five (5) years from the date of termination of your account consistent with Rule 9.B of 2016 Implementing Rules and Regulations of RA 9160, As Amended, except when you are subject of a case where your nonpublic personal information must be retained and safely kept beyond the five-year period until it is officially confirmed by the AMLC Secretariat.
You shall execute a written request to us addressed to our Data Protection Officer, Mr. Jae Bong Jang, and have it received by any of our personnel. Mention in your letter that the request is being made in exercise of your specific data privacy right under the Act, together with documents to support your request.
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