Is this a consulting service?

No, this is a free, interactive software tool that calculates your potential liability under the DPDP Act 2023 in 30 seconds. It provides an instant risk score and automated action plan.

What are common DPDP violations in DPDP Audit for WealthTech Platforms?

Common violations include: Using customer **risk profiles** and **financial goals** to automatically enroll them in third-party products without explicit, separate consent., Sharing client **portfolio performance data** or **transaction history** with external fund houses for 'upselling' without the Data Principal's specific, granular consent., Allowing third-party Registered Investment Advisors (RIAs) or relationship managers access to a Data Principal's **entire financial history** and communication logs without specific consent for each access point or duration..

The DPDP Audit Tool

Compliance for DPDP Audit for WealthTech Platforms

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DPDP Audit for WealthTech Platforms
Liability Check

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WealthTech platforms handling sensitive investment portfolios, risk profiles, and KYC documents face heightened DPDP penalties. Mismanagement could classify you as a Significant Data Fiduciary.

Why DPDP Audit for WealthTech Platforms is at Risk

Your platform holds the keys to individual financial futures. Collecting **detailed investment history**, **financial goals**, **risk appetite questionnaires**, and facilitating advisor access creates a complex web of DPDP obligations. Sharing data with fund houses, payment gateways, or third-party analytics firms for 'better insights' without granular consent is a ticking time bomb. DPDP mandates explicit consent for every purpose, and failing to manage **sensitive financial data** or **profiling information** can lead to the maximum ₹250 Crore penalty.

Common Violations

1.Using customer **risk profiles** and **financial goals** to automatically enroll them in third-party products without explicit, separate consent.
2.Sharing client **portfolio performance data** or **transaction history** with external fund houses for 'upselling' without the Data Principal's specific, granular consent.
3.Allowing third-party Registered Investment Advisors (RIAs) or relationship managers access to a Data Principal's **entire financial history** and communication logs without specific consent for each access point or duration.

The Immediate Fix

Immediately audit your data lifecycle for **KYC**, **portfolio data**, and **risk profiles**. Map every data flow point, ensuring explicit, purpose-limited consent is obtained for each data type and every instance of sharing or processing. Implement strict data retention schedules, especially for inactive accounts.