Challenge:

As Jupiter expanded into a multi-account environment, meeting RBI and DPDP compliance requirements became increasingly complex. Key challenges included:

• Data Visibility: Identifying and tracking sensitive data to ensure security and compliance.
• Data Deletion: Locating individual user data for secure deletion as per privacy laws.
• Data Localization: Ensuring no sensitive data leaves Jupiter’s environment.
• Scalability: Building a robust, scalable solution for managing sensitive data across accounts.

Solution:

By deploying Aurva, Jupiter achieved:

• Centralized visibility of sensitive data assets across its growing environment.
• Ensured that data between multiple entities are segregated.
• Automated sensitive data discovery with >97% precision and recall.
• Visibility on data flows to all the third parties and data localization.
• Scaled security operations with streamlined risk prioritization and remediation.

Key Results:

• Discovered previously hidden (dark) sensitive data assets.
• Eliminated critical vulnerabilities.
• Reduced compliance preparation time from days to minutes.

Building Visibility into Sensitive Data to Scale Fintech Business

Neo-banking leader Jupiter enables easy onboarding of users and provides better understanding of financials to its customers. Their corporate salary account offers a game-changing feature, ‘On-Demand Salary’, allowing users to draw their salary in advance. To provide financial convenience and build these innovative features at scale, Jupiter needed a solution that safeguarded security and made them compliance-ready at the pace of development.

For their Neo Banking operations, Jupiter must adhere to indirect RBI compliances. For their investment division, they must meet SEBI guidelines, and as a payment operator, they also fall under Payment Security Operator Guidelines. “The main aim of these compliances is to protect the crown jewels of the company and ensure that financial fraud doesn’t happen. It would be very difficult to protect our transactions and sensitive data if we don’t know where it is present,” said Tushar Anand, Senior Security Engineer at Jupiter Money.