Compliant Banking, Zero Compromise
Banks, NBFCs, insurers and fintechs sit on mountains of sensitive financial data: KYC records, transaction histories, credit scores, and biometrics. The DPDP Act 2023 introduces consent, retention and breach obligations that layer on top of RBI, SEBI and IRDAI mandates.
Why banking needs specialised DPDPA readiness
KYC and consent overlap
Banks collect vast personal data during KYC: Aadhaar, PAN, biometrics, financial history. DPDPA requires explicit, purpose-limited consent for each use, layered on top of existing RBI KYC norms.
Multi-regulator landscape
Financial institutions answer to RBI, SEBI, IRDAI, and now the Data Protection Board. Aligning DPDPA obligations with existing regulatory frameworks without duplication is a real challenge.
Fintech and open banking data flows
Account aggregators, UPI, lending APIs and neo-banking platforms move personal data across dozens of entities. Each data-sharing chain needs a compliant consent architecture.
Cross-border data transfers
Global banks, offshore processing centres, and cloud-hosted core banking systems trigger DPDPA cross-border transfer restrictions that demand contractual and technical safeguards.
How we make you compliant
- STEP 01
Map financial data landscape
- STEP 02
Align RBI + DPDPA obligations
- STEP 03
Build consent & controls
- STEP 04
Monitor & report
The full scope
- Financial data inventory: KYC, transaction, credit, insurance, investment
- Consent architecture for account opening, lending, insurance and investment
- RBI Master Direction alignment with DPDPA consent and retention requirements
- Data Processing Agreements for payment gateways, credit bureaus, and fintechs
- Cross-border data transfer assessment against the government's restricted-country list (Sec. 16)
- Breach notification playbook aligned to DPDPA and RBI CSITE timelines
- Data Principal rights fulfilment: access, correction, erasure, and nomination
- Board-level Data Protection governance framework
What you get
- DPDPA Readiness Assessment Report
- Financial Consent Management Framework
- RBI–DPDPA Regulatory Crosswalk
- Data Processing Agreement Library
- Cross-border Transfer Impact Assessment
- Breach Response & Notification Playbook
- Board Governance Charter for Data Protection
- Quarterly Compliance Review Roadmap
Frequently asked questions
How does DPDPA interact with RBI's existing data protection guidelines?
DPDPA is the overarching law; RBI circulars (Master Direction on IT Governance, CSITE framework, data localisation) continue to apply as sector-specific requirements. We build a unified compliance matrix that satisfies both without duplication.
Does DPDPA affect our account aggregator and UPI integrations?
Yes. Every entity in the AA or UPI chain that processes personal data is either a Data Fiduciary or Processor under DPDPA. Consent artefacts, data minimisation and retention limits need to be embedded into these integrations.
What about data localisation for banking data?
RBI mandates that payment system data be stored in India. DPDPA adds its own cross-border transfer restrictions. Together, they mean most financial data must stay onshore, with limited exceptions requiring contractual safeguards for any overseas processing.
DPDPA for other industries
Ready to strengthen your security posture?
Book a free 30-minute consultation. No slides, just a working conversation about your gaps and roadmap.