1. GENERAL INTRODUCTION

1.1 The service you (“User”) are about to use is provided by Open Finance AI, a company registered in the United States, with its headquarters at [Complete Company Address], (“we,” “Open Finance AI”) under the terms and conditions set forth below (the “Terms”).

1.2 By using Open Finance AI’s services on an online payment platform, you, as an individual, wish to conduct a transaction, authenticate, or share account information. Open Finance AI may provide payment initiation services (“PIS”) or account information services (“AIS”), collectively referred to as the “Service.” Detailed information about the Service can be found in Section 4 below.

2. THE TERMS

2.1 These Terms apply whenever you use the Service. These Terms do not constitute a framework agreement between you and Open Finance AI. You must agree to the Terms in effect at any given time to use the Service, so please make sure to read them carefully. If you do not agree to these Terms, you cannot use the Service. The Terms may be revised from time to time without notice, and the revised version will be identified with a new version number.

2.2 By entering all necessary details into the Open Finance AI online interface and clicking “continue” (or a similar button), it will be deemed that you have expressly requested and authorized Open Finance AI to execute the Service in accordance with these Terms. This authorization is received by Open Finance AI immediately upon your request and cannot be withdrawn or revoked after that time.

2.3 You have the right to receive these Terms in physical format or in another permanent format by contacting our Support team (see contact details in Section 13 below). You can view the most recent version of these Terms at any time through our website or directly during the use of our Service.

2.4 By using the Service, you consent to your information being collected from your online bank and from the Provider to be processed by Open Finance AI as set forth in our Privacy Policy. This consent includes, among other things, Open Finance AI’s right to save your account information to enhance your user experience by providing a saved account option for future use of the Service.

3. ABOUT OPEN FINANCE AI

3.1 Open Finance AI is an American payment solutions company, registered and regulated in accordance with United States law. Open Finance AI performs the Service in compliance with applicable financial regulations, including the guidelines established by [American Regulatory Authority].

4. ABOUT THE SERVICE

4.1 When using Open Finance AI on a Provider’s website to conduct a transaction or authenticate, Open Finance AI may provide payment initiation services (PIS) or account information services (AIS).

4.2 The Service consists of an additional interface between you and your online bank’s interface, designed to allow you to perform a quick and secure bank transfer or use our account information service. To use the Service, you need a device with Internet connectivity that supports a browser and access to the technical equipment and/or software that your bank requires for authentication.

4.3 The login information and security credentials (“Credentials”) provided when using the Service may be collected and processed by Open Finance AI. These credentials will be forwarded, when necessary, by the Service interface to the corresponding interface of your online bank through a secure connection. All communications are encrypted, and the Credentials are forwarded directly to the corresponding input field of the selected bank without being stored. Neither Open Finance AI nor the Provider will have access to your Credentials at any time, nor will they store this information.

The details of PIS and AIS should follow a similar format to the provided model, adjusting as necessary for the company’s context.

5. USER REQUIREMENTS

5.1 To use the Service, you must be at least eighteen (18) years old or the age required by the Provider. Additionally, you must have the legal capacity to enter into legally binding contracts and have the right to dispose of the assets available in your online bank. By agreeing to the Terms, you warrant that these requirements are met.

Other requirements may be included as per the specifics of the services offered.

6. USER RESPONSIBILITIES

6.1 Any use of the Service, including but not limited to the use of Credentials, will be considered to have been performed by the authorized holder of the relevant bank account.

6.2 You warrant that: • (i) You will not use the Service in the capacity of a legal entity or using a corporate account. • (ii) You will not use the Service for any fraudulent, illegal, or abusive purpose. • (iii) The Credentials you use are your own, and you are duly authorized to use them. • (iv) You will provide Open Finance AI with true and complete data, without omissions or alterations. • (v) You are the account holder of the bank account from which the Account Information Data will be retrieved and have the right to make that data available to Open Finance AI and transfer it to the Provider. • (vi) You will protect your technical equipment and the confidentiality of your Credentials. • (vii) You will use the Service personally and will not allow third parties to use it.

7. PERSONAL DATA

7.1 Open Finance AI processes your personal data in accordance with applicable data protection laws. For more information, please refer to our Privacy Policy.

8. PROCESSING TIMES

8.1 Processing times for transactions and data collection vary depending on several factors, but Open Finance AI will strive to process requests as quickly as possible after your authorization.

9. FEES

9.1 Open Finance AI may charge fees for the use of certain services, which will be communicated in advance.

10. SERVICE AVAILABILITY

10.1 Open Finance AI strives to provide a high-quality service but does not guarantee the continuous availability of the Service.

11. UPDATES AND CHANGES

11.1 Open Finance AI has the right to implement updates and new versions of the Service as necessary, without prior notice.

12. SUSPENSION

12.1 Open Finance AI may suspend the Service for technical or regulatory reasons.

13. COMMUNICATION

13.1 General information about the Service and the Terms is available on the Open Finance AI website.

14. QUESTIONS AND COMPLAINTS

14.1 If you have any questions or complaints, please contact our Support team through the contact form on our website.

15. CUSTOMER DUE DILIGENCE

15.1 Transactions carried out through the Service are subject to monitoring to comply with anti-money laundering regulations.

16. INTELLECTUAL PROPERTY

16.1 Open Finance AI owns all intellectual property rights to the Services and its technology.

17. LIABILITY AND INDEMNIFICATION

17.1 Open Finance AI’s liability is limited as set forth in these Terms and by applicable law.

18. FORCE MAJEURE

18.1 Open Finance AI is not responsible for delays or failures caused by events beyond its reasonable control.

19. ASSIGNMENT

19.1 You may not assign your rights or obligations under these Terms. Open Finance AI may assign its rights and obligations as necessary.

20. SEVERABILITY

20.1 If any provision of these Terms is found to be invalid, the remaining provisions will remain in effect.

21. TERM OF THE CONTRACT

21.1 These Terms apply to each use of the Service. They do not constitute a framework agreement between you and Open Finance AI.

22. APPLICABLE LAW AND DISPUTE RESOLUTION

22.1 These Terms are governed by the laws of the United States. Disputes will be resolved preferably through amicable negotiation between the parties.