Onnix
Onnix is an AI-driven financial data analysis tool aiding banking professionals by automating data queries, Excel analyses, and slide deck creation to enhance efficiency.
Independent assessment across data handling, compliance, security and transparency.
Risk factors
3- Cloud-based tool that processes user-generated financial data.
- Data shared with third parties for service improvement.
- No clear opt-out for training on user data.
Recommendations
4- Request SOC 2 Type II report before deployment
- Clarify whether financial data inputs are used for model training
- Restrict to non-sensitive data until compliance posture is verified
- Review DPA terms for GDPR and data residency requirements
Data handling
- Storage
- Cloud-based; data processed on vendor servers
- Retention
- Not publicly documented
- Training on inputs
- Unknown; likely uses inputs for model improvement
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