Privacy is very important to us

Manish Prayaga
Founder, terraledge

Be honest - have you ever used ChatGPT to do financial planning?
It's okay if you said yes. So have we. Recent research has shown that 56% of UK Adults have used AI in the last 12 months to manage their money.
Today, most popular AI tools in the market pose some data privacy related risks. This makes them less reliable sources to trust with the responsibility of planning your future, retirement, family, etc. It's no secret anymore that AI tools are using your data to further train their models. So effectively, your confidential data and inputs are being used to refine AI tools without your express content.
Additionally, when it comes to guidance or advice, these tools lack the context required to make informed decisions. Most AI models default to US-specific knowledge. For the UK-based user, their insights are, at the very least, generic, and at the very worst, completely inaccurate.
We believe that peddling unauthorised financial advice without any regard for the best interest of the consumer is highly irresponsible. When it comes to AI tools, it is always best to err on the side of caution.
Lastly, with most AI tools, your data might be at the risk of being disclosed or sold to third party integrators for ad targeting.
Now, would you trust these models with sensitive and confidential data like your financial goals and position?
As an AI led platform ourselves, how do we remain different? In other words, can you trust us with your data. This is not the first time we’ve been asked this question. In fact, lately, we have been getting these questions a lot. Let us clear all these concerns.
To put it simply – We do not sell or disclose your data. We do not use your data to train any models. We do not receive any kickback from third-party integrations.
So, how do we use and store your data?

We anonymise your data before running it through our AI agents, so your PII (Personal Identifiable Information) never never leaves our database. terraledge is the only UK specific, fine-tuned model that gives planning support that is contextual, complete and tailored for your specific needs.
We don’t offer unauthorised or incomplete advice. We are simply an analysis and planning tool, to help you understand your current financial position. Users can securely connect their banking information using open banking to get personalised information on the basis of how they currently stand.
For an added layer of security, we are registered with the ICO in the UK. We use the same database as other reputed companies like GitHub, PwC etc.
Even the most popular AI tools on the market are not trustworthy financial planners. terraledge goes above and beyond to secure your data so that you can focus on achieving your financial goals.