I was using IndMoney app for my US Investment and I have not given any other information other than the PAN Card, and I have not authorized them to fetch any other details about my financial information. Even after thar I can see all my credit card information along with the Credit Score updated in IndMoney.
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This is not the first time I faced this issue, same happened with other apps too. Even though you don't want the information to be added in these apps, they get added because there is no data privacy.
We all know these apps have some security flaws, but there is no way we can do anything about it. We all need these apps to do our investment and once we give some information they will try to fetch more and thus eventually they have all our financial information.
And that's why I try to limit the number of financial apps I am using in my phone. If it's very necessary then only I install and then use it. For example, I use Groww for my Indian Investment, and IndMoney for my US Investment. I also installed Kite for my Wife's Stock Investment as I use her ID to apply for the IPO. So these are the only apps I use in my app. And I try to limit the usage as much as possible because of the data security.
For my normal data I am fine, but when it comes to financial data we have to be more careful because we are seeing to many scams happening and if our data is leaked it will be too easy for the scammers to scam you and extract money from you. And that's why it's necessary to be extra careful and use all the apps wisely.
