Privacy Policy
How Parakith LLC collects, uses, protects, and limits personal, telecommunications, and read-only financial information across Parakith and PanoramaDr services.
Effective Date: November 14, 2026•Last Updated: November 14, 2026
Parakith LLC (“Parakith,” “we,” “us,” or “our”) respects your privacy and is committed to protecting the personal data of our users, website visitors, and platform participants (“you” or “your”). This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website, utilize our software applications, and use the PanoramaDr suite of automated services (collectively, the “Services”).
Parakith LLC serves as the umbrella operating company managing and governing all Parakith technologies, digital products, and the PanoramaDr suite of services.
This policy is designed to comply with applicable United States federal and state data privacy laws, federal telecommunications regulations (CTIA / 10DLC standards), and financial data exchange privacy standards.
1. SMS Telecommunications & Automated Alerts (A2P 10DLC)
1.1 Data Collection & Use: We collect your name, mobile phone number, explicit opt-in consent selection, and submission verification metadata (timestamp and network request metadata) via our opt-in portal (https://parakith.com/opt-in) for the explicit purpose of sending you requested automated operational, facility, and account monitoring alerts and maintaining verifiable consent records.
1.2 Carrier Non-Sharing Guarantee
No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. Information sharing to subcontractors in support services, such as telecommunications delivery and customer support, is permitted solely to operate the requested service. All other use case categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties.
1.3 Security: Your phone number and consent records are stored securely with restricted access and are utilized solely to dispatch requested automated notifications and honor opt-out requests.
2. Personal Financial Management & Plaid Integration
2.1 Overview & Third-Party Service Provider (Plaid Inc.): For authorized users utilizing the personal financial management, budgeting, and ledger reconciliation modules within the Services (including the PanoramaDr financial suite operated under Parakith LLC), our application connects to financial institutions using Plaid Inc. (“Plaid”). By linking a financial account through our application, you acknowledge and agree that your financial data will be transferred, stored, and processed by Plaid in accordance with the Plaid End User Privacy Policy.
2.2 Financial Data Accessed & Collected: We adhere to the principle of least privilege and request strictly read-only access to the minimum financial data necessary to maintain a personal household ledger:
- Account Metadata: Institution name, account name, account type/subtype (e.g., checking, savings, credit card), and masked account numbers.
- Account Balances: Current and available balance figures provided during transaction synchronization.
- Transaction History: Transaction dates, dollar amounts, merchant names, raw transaction descriptions, and spending categories.
- No Raw Credentials: Our application never collects, views, processes, or stores your banking usernames, passwords, or multi-factor authentication (MFA) codes. All authentication occurs directly with your financial institution via OAuth 2.0 or within the secure Plaid Link modal.
2.3 How We Use Financial Data: Financial data retrieved via the Plaid API is used exclusively for private household expense tracking, vendor normalization, budgeting analysis, and historical ledger reconciliation. Our application cannot initiate money transfers, execute payments, or modify any settings at your financial institution.
2.4 Data Sharing & Zero-Monetization Policy: We do not sell, rent, license, trade, or share your financial data or personal information with any third parties, advertisers, data brokers, or external affiliates under any circumstances.
2.5 Data Storage & Security Controls: Synchronized financial records and Plaid API access tokens are protected using industry-standard security controls:
- Encryption in Transit: All API communications between our backend service, Plaid, and financial institutions are encrypted using industry-standard TLS 1.2 or higher.
- Encryption at Rest: Persistent Plaid access tokens and financial records are stored using AES-256 encryption at rest with restricted access permissions.
- Access Control: Administrative access to financial data is restricted strictly to authenticated administrators protected by multi-factor authentication (MFA).
2.6 Data Retention, Revocation & Deletion Rights: Financial transaction records are retained only for as long as necessary to support personal historical budgeting and reporting. Authorized users may exercise full control over their connected data at any time:
- Revoking Access: You may immediately revoke our application's access to your bank accounts at any time through your participating financial institution's online connected-apps security portal, through the Plaid Portal, or by triggering an Item removal within the application, which executes Plaid's
/item/removeendpoint to invalidate the access token. - Data Deletion: You may request the immediate and permanent deletion of all stored transaction histories, account metadata, and API tokens by contacting us at [email protected]. Upon revocation or deletion request, all associated records are permanently purged within 24 to 48 hours.
3. General Information We Collect
In addition to SMS and financial modules, we collect limited information necessary to operate our web and software services:
- Account & Identity Data: Full name, username, email address, and profile settings provided upon account registration.
- Communications & Support: Support tickets, inquiries, and correspondence sent to us.
- Device & Technical Data: Standard network request metadata, browser type, and operational diagnostics required to maintain service reliability.
- Cookies & Tracking: We utilize essential session and security cookies to authenticate users and maintain platform integrity. We do not use third-party tracking cookies or cross-context behavioral ad trackers.
4. How We Share Your Information
We do not sell, rent, or monetize your personal information. We disclose data only under the following limited operational circumstances:
- 4.1 Service Providers: Trusted infrastructure, backup, and telecommunications delivery providers who process data solely to operate the requested service under strict confidentiality and data processing terms (and never for third-party marketing or promotional purposes).
- 4.2 Legal Compliance & Safety: When strictly required by law, subpoena, warrant, or court order, or to protect the safety, security, and integrity of Parakith LLC, our services, and authorized users.
- 4.3 Business Transfers: In connection with any merger, corporate reorganization, or sale of company assets, subject to continued adherence to this Privacy Policy; provided that text messaging originator opt-in data and consent remain excluded from third-party commercial sharing or transfer.
5. Data Security, Retention & Disposal
We implement administrative, technical, and physical safeguards designed to protect personal data from unauthorized access, loss, misuse, alteration, or destruction, including encrypted transit (TLS 1.2+), encrypted storage (AES-256), and strict multi-factor access controls.
We retain personal, SMS consent, and financial data only for as long as necessary to provide the requested services or satisfy legal obligations. When connections are revoked or deletion is requested, associated records are purged under our Data Retention & Disposal Policy.
6. Your Privacy Rights (United States Residents)
Under applicable United States federal and state data privacy laws, United States residents and platform users hold enforceable data privacy rights:
- Right to Access: Confirm processing and obtain a copy of your personal data.
- Right to Correction: Correct inaccurate personal data.
- Right to Deletion: Request deletion of personal data provided by or collected about you.
- Right to Data Portability: Receive your personal data in a portable, readily usable electronic format.
- Right to Opt-Out: Opt out of targeted advertising, the sale of personal data, or significant automated profiling (note: Parakith does not sell data or engage in targeted advertising). For SMS alerts, reply STOP at any time.
- Non-Discrimination: We never discriminate or alter service quality for exercising statutory privacy rights.
To exercise any statutory right, contact us at [email protected]. Requests are verified and answered within forty-five (45) calendar days.
7. Children's Privacy
Our Services are not directed to individuals under thirteen (13) years of age, and we do not knowingly collect personal information from children under 13.
8. Updates to This Privacy Policy
We may update this Privacy Policy periodically to reflect operational, legal, or regulatory changes. When updates occur, we revise the “Last Updated” date at the top of this page. Continued use of the Services following any update constitutes acknowledgment of the revised policy.