Privacy Collection Notice for Identity Verification
Background
This Privacy Collection Notice aims to ensure you are aware of certain matters in relation to the collection of your personal information by Stakeshop Pty Ltd (ACN 610 105 505) and its related entities (together, ‘Stake’, ‘we’ or ‘us’) and select service providers when we conduct certain identity verification activities, as required by the Privacy Act 1988 (Cth) in Australia and Privacy Act 2020 in New Zealand (as applicable).
We will provide you with this Notice either before, or at the time of, collecting your personal information when we are conducting specific identity verification activities. By clicking ‘continue’ on the specific identity verification request, you consent to your personal information being collected in accordance with this Privacy Collection Notice.
How and why we collect your personal information
We and our third party service provider, Sumsub, will collect and process your personal information, including biometric information, when you use Sumsub’s identity and liveliness verification service via Stake’s app or website.
The types of personal information that we and Sumsub will collect includes facial image data, biometric data, geolocation data, identity document data, technical data and general personal information (for example your full name, gender, date of birth, nationality and citizenship). This is not an exclusive list of personal information that may be collected.
The purpose of the collection
Your personal information is collected for the following purposes:
to remotely verify your identity, including by confirming the liveliness of your face and to confirm that a given identity document presented by you is legitimately owned by you,
to comply with applicable anti-money laundering and countering terrorism financing laws,
for internal risk management, and
to comply with Stake’s customer due diligence procedures in accordance with the laws governing the intended business relationship with you.
Sumsub will collect your personal information for compatible purposes. Please see their Privacy Notice here for further information https://sumsub.com/privacy-notice-service/.
Disclosing your personal information
Your personal information may be disclosed to Sumsub’s associated entities in order for them to achieve the purposes of processing as set out in this Notice and their Privacy Notice.
Stake may also disclose your personal information to its related entities, applicable regulators and government authorities and its applicable third party service providers in order to achieve the purposes of processing as set out in this Notice.
Sumsub operates in the United Kingdom, Europe, the United States, the United Arab Emirates and Singapore and a number of Stake’s key third party suppliers have operations outside of Australia. As a result, your personal information will be disclosed to overseas recipients.
What happens if we don’t collect your personal information?
Without the personal information set out in this Notice, Stake and Sumsub may not be able to satisfactorily verify your identity and Stake may not be able to process your request, or your request may be significantly delayed.
Further information
Our Privacy Policy contains additional information about how we handle your personal information, how you can access your personal information and how you can seek correction of such information. It also explains how to complain about a breach of privacy laws and how Stake will deal with such a complaint.
Our Privacy Policy can be found here:
for individuals in Australia: https://hellostake.com/au/legal/privacy-policy,
for individuals in New Zealand: https://hellostake.com/nz/legal/privacy-policy.
For further information please contact us at support@hellostake.com.