DPDP Compliance for FinTech

Financial Data Protection

• AES-256 encryption for all financial data at-rest
• Multi-factor authentication mandatory
• Access logging for all financial records

KYC Data Lifecycle

• Retain KYC documents only during customer relationship
• Delete within 60 days of account closure
• Cannot retain indefinitely for regulatory reasons

Breach Notification

• Notify users within 72 hours of breach discovery
• Also notify RBI immediately
• Maintain investigation documentation

Third-Party Integration

• DPAs with lending partners, credit bureaus, payment networks
• Audit sub-processors' security practices quarterly
• Ensure data residency in India

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Disclaimer: General informational article. Consult compliance experts. dpdp compliance ecommerce

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