Financial technology platforms are subject to some of the most stringent data regulations in the world — including KYC (Know Your Customer) requirements, anti-money laundering laws, and financial regulator mandates. Your privacy policy must explain identity verification processes, how financial data is secured, and regulatory reporting obligations. India's Digital Personal Data Protection Act (DPDPA) 2023 is India's first comprehensive data protection law.
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Introduction
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Information We Collect
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How We Use Your Information
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How We Share Your Information
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Cookies and Tracking Technologies
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Data Retention
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Your Rights Under the GDPR
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Your California Privacy Rights (CCPA)
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Your Rights Under the DPDPA (India)
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Children's Privacy
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Data Security
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Third-Party Links
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Changes to This Privacy Policy
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Contact Us
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India's Digital Personal Data Protection Act (DPDPA) 2023 is India's first comprehensive data protection law. It applies to processing of digital personal data within India and to processing outside India if it involves offering goods or services to individuals in India. Significant Data Fiduciaries face enhanced obligations, and the Data Protection Board can impose fines up to ₹250 crore.
Financial technology platforms are subject to some of the most stringent data regulations in the world — including KYC (Know Your Customer) requirements, anti-money laundering laws, and financial regulator mandates. Your privacy policy must explain identity verification processes, how financial data is secured, and regulatory reporting obligations.
Data typically collected by Fintech / Finance businesses: government ID and KYC data, bank account details, transaction history, credit scores, investment portfolio data, tax information
Yes. If you collect any personal data from users — including email addresses, analytics cookies, or payment information — you are legally required to have a Privacy Policy under Digital Personal Data Protection Act (DPDPA) 2023, IT Act 2000 (transitional). Non-compliance can result in significant fines.
A DPDPA-compliant Privacy Policy for Fintech / Finance businesses must disclose: what data you collect (government ID and KYC data, bank account details, transaction history, credit scores, investment portfolio data, tax information), the legal basis for processing, data retention periods, and users' rights. Obtain free, specific, informed, and unconditional consent before processing personal data.
A Fintech / Finance typically collects: government ID and KYC data, bank account details, transaction history, credit scores, investment portfolio data, tax information. Under DPDPA, each category of data must be explicitly disclosed in your Privacy Policy along with the purpose for collecting it and the legal basis used. Failing to disclose any collected data category is a violation.
Non-compliance with DPDPA requirements can result in regulatory investigations, enforcement actions, and reputational damage. Parental consent required for processing data of children under 18.