Banking & Financial Services

Unified Data Privacy for Banks, NBFCs, and Financial Institutions

Automate DPDP Act compliance, manage customer consent across digital channels, and protect sensitive financial data with a single platform built for the Indian BFSI sector.

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Industry Challenges

Data Privacy Pain Points in Banking and Financial Services

Financial institutions manage vast volumes of sensitive customer data across branches, digital banking apps, and third-party integrations. Regulatory pressure from the DPDP Act and RBI guidelines demands a structured, auditable approach to data governance.

DPDP Act Compliance

India's Digital Personal Data Protection Act mandates explicit consent, purpose limitation, and data principal rights. Non-compliance attracts penalties up to INR 250 crore per instance.

RBI Data Localization

RBI mandates that all payment data be stored exclusively within India. Banks must discover, classify, and monitor where customer financial data resides across all systems.

Multi-Channel Data Sprawl

Customer PII is scattered across core banking systems, CRM platforms, mobile apps, branch records, and third-party processors, making it nearly impossible to track manually.

KYC Data Management

KYC records contain highly sensitive identity documents. Managing consent for KYC data usage, retention periods, and sharing with third parties requires careful governance.

Cross-Border Transaction Data

Global banks operating in India must comply with both DPDP and GDPR when processing cross-border transactions, requiring dual-regulation consent frameworks.

Customer Data Requests

Data principals can request access, correction, or erasure of their personal data. Banks must respond within prescribed timelines across all systems holding that data.

DataShield Solutions

How DataShield Addresses Banking Data Privacy

Consent Management (CMP)

Deploy DPDP-compliant consent collection across internet banking portals, mobile banking apps, and branch onboarding forms. Pre-built templates for banking consent notices ensure you meet regulatory requirements from day one.

  • Granular purpose-based consent for loans, insurance, marketing, and KYC
  • Real-time consent status sync across all digital banking channels
  • Automated consent renewal workflows for time-bound consents
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Data Discovery & Classification (DDC)

Scan core banking systems, data warehouses, CRM platforms, and document management systems to find and classify PII, financial data, and KYC records automatically.

  • Pre-built classifiers for PAN, Aadhaar, account numbers, and financial instruments
  • Continuous monitoring for new data stores and shadow IT
  • Data flow mapping to trace where customer data moves across systems
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DSAR Management

Automate data subject access requests from customers across all banking systems. When a customer requests their data or asks for erasure, DataShield orchestrates the response across every system that holds their records.

  • Self-service DSAR portal for customer-initiated requests
  • Automated data aggregation from core banking, CRM, and marketing systems
  • Built-in SLA tracking to ensure compliance with DPDP response timelines
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Remediation Hub

When sensitive financial data is found in unauthorized locations or without proper consent, DataShield triggers remediation workflows to mask, encrypt, quarantine, or delete the data.

  • Automated remediation for exposed PAN numbers, account details, and KYC documents
  • Policy-based data retention enforcement for regulatory archives
  • Audit trail for every remediation action taken on financial data
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Data Governance & Orchestration (DGO)

Centralized governance dashboard that provides a unified view of data privacy posture across all banking operations. Define policies, monitor compliance, and generate audit-ready reports for RBI and DPDP inspections.

  • Regulatory reporting templates for DPDP, RBI, and GDPR requirements
  • Role-based access controls for branch, regional, and headquarters teams
  • Real-time compliance scoring and risk heat maps
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Regulatory Coverage

Regulations DataShield Helps You Comply With

DPDP Act, 2023

India's comprehensive data protection law covering consent, data principal rights, and data fiduciary obligations. DataShield provides pre-built compliance templates and automated workflows.

RBI Guidelines

Reserve Bank of India mandates on data localization, payment data storage, and customer data protection. DataShield discovers data flows and ensures storage compliance.

GDPR

For global banks with European operations, DataShield supports dual-regulation consent management and cross-border data transfer compliance under both DPDP and GDPR.