Cookie Processing Policy

AS Magnetiq Bank, registration No. 50103189561 (hereinafter – the Bank), legal address: Brīvības iela 54, Riga, LV-1011, phone: (+371) 6 777 2 999, e-mail address: [email protected], website address: www.magnetiqbank.com (hereinafter – the Website). Within the framework of this “Cookie Processing Policy”, the Bank acts as the Controller and undertakes to ensure the security of personal data and the protection of the rights of the Bank’s Website and its visitors (or Data Subjects) while visiting the Website and utilizing its content.

To enhance your user experience, the Bank utilizes cookies. This “Cookie Processing Policy” has been prepared to provide our Website visitors with additional information regarding the technologies used on the Website and the manner in which the Bank employs them. In addition to mandatory security functions, we will, with your consent, utilize analytical tools and personalized marketing solutions to offer you the most suitable financial instruments.

What are cookies?

Cookies are small text files consisting of letters and numbers that are downloaded and stored on your computer or other devices (e.g., smartphone, tablet) and saved in your web browser during your visit to a website. They can be used to track which pages you visit, to save the information you enter, or to remember your preferences, such as language settings, while browsing the site.

How does the Bank use cookies?

The Bank uses cookies that are necessary to enhance website functionality and security; these are deployed by default (e.g., “necessary” cookies). However, for certain cookies used for analytical and targeting purposes, we request your prior consent. By providing your consent via the cookie banner displayed upon visiting the website, you choose whether to allow the use of specific categories of cookies.

Cookie types and their application

We use four categories of cookies, but we only request user consent for three of them. You may choose to agree to all cookie categories or only to specific ones. By consenting to a particular category, you provide your consent for all cookies included within that category. You can change your preferences and opt out of optional cookies at any time.

• Necessary Cookies These cookies are essential to ensure the website functions correctly and to allow you to access its core features. They are set in response to your actions that constitute a request for service, such as setting privacy preferences, logging in, or filling out forms. These cookies are required for the stability and security of the website; therefore, they cannot be switched off.

• Functional Cookies These cookies allow the website to provide enhanced functionality and personalization, such as utilizing the UserWay accessibility tool. They remember your settings (e.g., enlarged text, contrast changes, or screen reader preferences) so they remain active during your next visit. Functional cookies may be set by us or by third-party providers whose services we have added to our pages. If you do not allow these cookies, some of these services or personal settings may not function properly.

• Analytical Cookies Analytical cookies allow us to count visits and traffic sources so we can measure and improve the performance of our website. They help us understand which pages are the most popular and how visitors move around the site. All information collected by these cookies is aggregated anonymously. If you opt out of these cookies, your visit will not be included in our statistics.

• Marketing Cookies Targeting cookies are used to identify content relevant to you and provide the most appropriate information regarding our products and services. These cookies may be used for our advertising campaigns on third-party websites. If you agree to the use of these cookies, we can tailor advertising messages to your interests. In case of refusal, you will be presented with general and non-personalized advertisements.

Technical information on video playback

Please be informed that YouTube cookies and browser local storage records (local storage / IndexedDB) may be used on the Website to ensure video playback, save technical settings, and improve the performance of the video service.

Overview of Cookies used by Magnetiq Bank

Information regarding the consent provided by the individual

When visiting the Bank’s website, the user is presented with a window containing information about the use of cookies.

• By clicking “Allow All”, you confirm that you have read the “Cookie Processing Policy” and agree to the use of all types of cookies.
• Regarding “Necessary” cookies, user consent is not required, as they ensure the technically correct and secure display of Magnetiq Bank website content.

Managing and declining cookies

If you prefer not to have analytical or marketing cookies used on your device, you can manage your preferences by selecting them in the cookie settings window. Please note that such changes may affect the website’s functionality and the receipt of personalized offers.

Withdrawal of consent

If you wish to grant or withdraw your consent for analytical and marketing cookies, click the relevant link:

Withdraw consent | Change settings

The Bank reserves the right to make changes to this “Cookie Processing Policy” at any time.

The Bank regularly reviews and updates its “Cookie Processing Policy” in accordance with changes in personal data processing activities and the requirements of regulatory enactments. Information regarding the fundamental principles of personal data processing practiced by the Bank, processing activities and legal grounds, terms and definitions used, as well as the provided data protection and the enforcement of data subjects’ rights, is set out in the Bank’s Privacy Policy.

Contact Information for Personal Data Processing Inquiries

The Bank has appointed a Data Protection Officer who monitors the compliance of personal data processing carried out by the Bank, as the controller, with the requirements of the General Data Protection Regulation (GDPR), the Law on the Processing of Personal Data of Natural Persons, and other binding regulatory enactments.

You may contact the Data Protection Officer with questions, requests, or complaints regarding the processing of personal data performed by the Bank. To communicate with the Data Protection Officer, please use the following e-mail: [email protected], or write to: Brīvības iela 54, Riga, LV-1011, with a reference – To the Data Protection Officer of AS Magnetiq Bank.