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SGFindex - Service Consumer

Terms of Use

By clicking “proceed” or otherwise using or accessing the Financial Industry API Marketplace (including to retrieve data or by viewing any retrieved data), You confirm that You have read, understood and agree to the Terms and Conditions Governing Use of Financial Industry API Marketplace and Our Data Protection Policy, including consenting and authorising Us to retrieve through the Financial Industry API Marketplace Your personal information (including identification number and IP address) and account, financial, transactional and other data (including from joint accounts) (“Data”) and to collect, process, use and/or disclose Your Data in the manner set out therein, and in particular for:

1. the specified purposes, which include:

  • evaluating the financial planning services suited to Your needs, assessing and processing Your applications or requests, and/or the provision, by Us, to You of any financial planning services;
  • Your use and/or access and the operation of the Financial Industry API Marketplace;
  • monitoring and conducting data analytics, relating to, or in respect of, any new or existing financial planning services, the provision of any financial planning services or Your use of any financial planning services; and/or
  • to comply with any applicable laws, rules, guidelines, circulars, practice notes, orders, directions or guidance issued by any governmental and/or regulatory authority in Singapore or in any relevant jurisdiction, and/or to discharge, enforce or defend any of Our contractual or other legal obligations or rights; and

2. such purposes as set out in Our Data Protection Policy.

The Terms and Conditions Governing Use of Financial Industry API Marketplace will also apply whenever You instruct Us to update or refresh Your Data through the Financial Industry API Marketplace.

 

 

 

Form of Terms and Conditions Governing Use of Financial Industry API Marketplace

Your Use (as defined below) of the API Marketplace is subject to, and shall be governed by, these Terms and Conditions. Please read these Terms and Conditions carefully as well as each amendment, variation or modification to these Terms and Conditions. If You do not agree to any of these Terms and Conditions or any amendment, variation or modification to these Terms and Conditions, You must not Use or immediately stop Using the API Marketplace. If You Use or continue to Use the API Marketplace, You shall be deemed to have accepted and agreed to be bound by these Terms and Conditions and/or any such amendment, variation and/or modification.

1. Definitions

1.1 In these Terms and Conditions, the following words and phrases shall have the respective meanings set out below unless the context otherwise requires:

1.1.1 “API Marketplace” means the data sharing platform currently known as the "Financial Industry API Marketplace", provided by the Operator, which You may Use to, among other things, authorise the sharing of Your Data, and includes all systems, equipment, connections owned, operated or used by the Operator in connection with, or for the purposes of the operation of, the platform.

1.1.2 “Claims” means any and all claims, demands, actions, suits and proceedings.

1.1.3 “Customer Data” means the account, financial, transactional and other data of a customer or user (including You), or relating to a customer or user (including You), of any Participant and includes the types of data set out.

1.1.4 “Data” means Personal Information and Customer Data but excludes all Excluded Data.

1.1.5 “Data Protection Policy” means a data protection or privacy notice, policy, guidelines or document by any other name issued by an entity and which sets out information on how such entity manages personal data.

1.1.6 “Excluded Data” means:

(i) if You are reflected in a Participant’s records as an accredited investor (as defined in the Securities and Futures Act (Chapter 289)), any and all data of or relating to any account held by You with such Participant; and

(ii) such data which the Participants have agreed will not be made available through the API Marketplace.

1.1.7 “Financial Planning” includes money management, insurance, investment, retirement (including government schemes like CPF, SRS, SSB, private savings, investments or protection, and real estate including the primary residence) and estate planning and refers to a process that helps individuals manage their resources to achieve both short- and long-term financial goals, starting with ascertaining their current financial situation and includes understanding their financial resources, risk appetite and profile, followed by setting financial goals and creating and implementing an action plan to achieve their goals, with regular reviews of the financial plan to ensure that the plan remains relevant at different life stages or with evolving needs.

1.1.8 “Financial Planning Services” means products, tools and/or services relating to, or for the purpose of, Financial Planning.

1.1.9 “Losses” means any and all losses, liabilities, damages and all related costs and expenses (including any and all legal fees on an indemnity basis and costs of investigation, litigation, settlement, appeal, interest, fines and penalties).

1.1.10 “MyInfo” refers to the data sharing platform currently known as "MyInfo", provided by the Government Technology Agency on behalf of the Government of Singapore.

1.1.11 “Operator” means the Government Technology Agency on behalf of the Government of Singapore, or such other person as may from time to time be the operator of the API Marketplace.

1.1.12 “Participants” shall have the meaning set out, and includes, for the avoidance of doubt, the financial institution or entity through whose application or website or electronic platform You Use the API Marketplace, but excludes the Operator.

1.1.13 “Personal Information” means data, whether true or not, about an individual (including You) who can be identified from that data, or from that data and other information to which a Participant or the Operator has or is likely to have access, and includes:

(i) the name, identification number(s) and particulars, contact details, date of birth, address, education details and other data relating to a customer or user (including You);

(ii) electronic data or information relating to a customer or user (including You) or the device used by a customer or user (including You) to access a Participant’s online service and/or to Use the API Marketplace, such as Internet Protocol address, Mac address, network interfaces, location data, device type and model and other forms of data from such device in connection with Your Use of the API Marketplace;

(iii) information collected through technologies such as cookies, activity logs, online identifiers and analytics tags; and

(iv) such other information as may be provided by, or collected from, You or any Participant or the Operator in connection with Your use of a Participant’s online service and/or Use of the API Marketplace.

1.1.14 “Related Corporations” has the meaning given to that term in the Companies Act (Chapter 50).

1.1.15 “Representatives”, with respect to a Participant, means:

(i) the officers, employees and/or professional advisers of such Participant;

(ii) the officers, employees, subcontractors and/or professional advisers of the outsourcing partners of such Participant; and

(iii) the officers, employees, subcontractors and/or professional advisers of the service providers of such Participant (including but not limited to Related Corporations of the Participant acting as service providers),

where “professional advisers” means providers of legal, audit and/or professional consultancy services.

1.1.16 “Terms and Conditions” means these Terms and Conditions Governing Use of Financial Industry API Marketplace.

1.2 In these Terms and Conditions, unless the context otherwise requires:

1.2.1 headings are for convenience only and do not affect the interpretation of these Terms and Conditions;

1.2.2 words importing the singular include the plural and vice versa;

1.2.3 words importing a gender include any gender;

1.2.4 when capitalised, other parts of speech and grammatical forms of a word or phrase defined in these Terms and Conditions have a corresponding meaning;

1.2.5 the words “include” or “including” shall be deemed to be followed by “without limitation” or “but not limited to” whether or not they are followed by such phrases or words of like import;

1.2.6 a reference to a "day" means a calendar day; and

1.2.7 any reference to a time of day is a reference to Singapore time unless otherwise stated.

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Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd
Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd