Melio AI
AI-powered B2B payment platform simplifying accounts payable for SMBs.
Independent assessment across data handling, compliance, security and transparency.
Risk factors
3- Cloud SaaS with third-party data handling.
- Requires sensitive financial data for operation.
- No clear opt-out for training on user data.
Recommendations
2- Ensure compliance with financial data regulations.
- Implement SSO for better security.
Data handling
- Storage
- Encrypted cloud servers
- Retention
- Duration of account plus regulatory minimums
- Training on inputs
- Aggregated anonymized data may be used for improvements
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