A comprehensive review of how DoControl protects FinTech organizations everywhere through advanced data security.

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Why FinTech Companies Need Data Security

FinTech companies operate at the intersection of finance, technology, and customer trust - handling some of the most sensitive and highly regulated data in the world. 

From financial transactions, consumer account details, credit card information, and more, every workflow involving data must be protected at all costs.

The FinTech industry is growing exponentially, with recent reports projecting the global market to reach over $1 trillion by 2032, with a significant growth rate of 16.2%.

What does this mean? As the industry grows, so do the security risks. As innovation accelerates and regulatory expectations grow stricter, the FinTech landscape is only getting bigger (and riskier).

Because many FinTech companies are modern, cloud-native, and built on savvy SaaS foundations, collaboration spans dozens of applications and countless external vendors. 

Employees, analysts, developers, and partners all work rapidly across Google Workspace, Slack, and M365, routinely sharing highly sensitive data in the process.

In this environment, visibility and control are essential. FinTech organizations must know who has access to the data, how it is being used, and when access should be revoked - especially as teams evolve and regulatory requirements tighten.

Industry Overview: The Data Challenge in FinTech

FinTech companies rely on constant collaboration to support the complexity of their business model. These workflows obviously depend on seamless data movement, but they also introduce significant security and compliance challenges:

• Teams collaborate across Google Drive, Slack channels, and shared links, distributing financial information and PII in ways that can be difficult to track or control at scale.
  
  
• External vendors and integrated partners access sensitive data to support operations, but managing these access levels becomes complex as the number of third parties grow.
  
  
• Employees frequently move into new roles or leave the company, yet may continue to retain permissions to sensitive financial data unless access is actively and continuously governed.

FinTech companies must ensure that sensitive financial data stays protected throughout every stage of these distributed workflows.

Key Security Challenges in FinTech Environments

1. FinTech companies must know who has access to sensitive financial data and PII at all times

Organizations need full visibility into which internal and external users can access and handle regulated data - and exactly what actions those users are taking. Without this insight, it becomes impossible to verify whether access aligns with least-privilege principles set forth by the security team.

2. Departing employees and vendors must lose access immediately

Just like any industry, FinTech companies face constant internal movement, role changes, and employee turnover. However, not every industry deals with highly confidential and regulated data. If access is not revoked the moment a user leaves, sensitive data can remain exposed - posing severe financial and compliance risk.

Here’s what that looks like: An employee who is about to leave the company might share sensitive files or data to a personal email account, allowing them to keep that information forever. Two days later, they lose all access to company systems during official offboarding, but the confidential data they shared still remains in their possession. 

This creates a major blind spot: even though the employee is removed from internal systems, highly sensitive company information continues to exist outside authorized control long after they’re gone.

3. Compliance standards require strict access governance and proof of control

Frameworks like SOC 2 and PCI require organizations to demonstrate tight controls over financial and PII data. Fintech is a highly regulated industry, and without automated governance and monitoring, compliance becomes a manual, reactive process that is prone to deadly gaps and costly violations.

Key Use Case: Data Governance & DLP for Sensitive Financial Data and PII

The Challenge

FinTech organizations must know exactly who has access to sensitive financial information, why they have it, how they’re using it, and whether those permissions are still appropriate. 

To protect their business, FinTech companies need granular access controls, DLP policies, automated remediation workflows, and continuous oversight to ensure that only the right people can interact with regulated data.

Why It Matters

• FinTech companies’ business model depends on protecting financial and PII data, and proving they can protect it. Customers, regulators, partners, and investors all expect airtight control over sensitive information.
  
  
• Compliance requirements like SOC 2, PCI, and other regulatory frameworks demand strict access governance and continuous oversight. If permissions are outdated, excessive, or unmonitored, organizations risk failing audits - which can trigger fines, additional scrutiny, and significant operational disruption.
  
  
• Outdated or unmanaged access puts entire regulatory programs at risk, making it harder for companies to uphold the trust that their financial services are built on. Just one over-permissioned user (if it's an ex-employee) for example, stealing just a few pieces of financial data could be the reason a deal implodes, an investor backs out, or the livelihoods of customers are ruined in a data breach.
  
  
• Manual access reviews cannot keep up with the speed and complexity of FinTech operations, leaving dangerous visibility gaps that threaten compliance, customer trust, and long-term organizational stability.

If Ignored

• Regulatory violations and audit failures, as unauthorized access or inappropriate permissions directly conflict with SOC 2, PCI, and other compliance requirements - leading to fines, remediation costs, and heightened oversight.
  
  
• Severe financial repercussions, including breach-related expenses, legal fees, reputational damage, mandated audits, and the cost of rebuilding compliance controls under regulatory pressure.
  
  
• Diminished trust from customers, partners, and investors, who expect FinTech companies to safeguard financial data with the highest level of care and maturity. If customer financial data is leaked, their safety, identities, families, and overall livelihoods could be at stake.
  
  
• Operational setbacks and productivity loss, as internal teams must pause critical financial operations to investigate issues, rebuild governance frameworks, and restore compliance posture across SaaS environments.
  
  
• Exposure of regulated PII and financial data, resulting in legal liability, mandatory reporting obligations, and long-term damage to the company’s brand and credibility. Not to mention the damage this does to the humans it affects - like a customer's bank account information being stolen, or a credit card number being leaked.

• Loss of competitive advantage, as exposed financial data could enable other organizations to gain insight into operations, customer segments, or strategic decisions.

How DoControl Helps Protect FinTech Companies

Data Access Governance

DoControl provides complete visibility into who can access sensitive financial and PII data across Google Workspace, Slack, and M365. It surfaces over-permissioned files, unnecessary external shares, and outdated access paths - ensuring FinTech companies maintain strict control.

Contractor and Identity Management

DoControl monitors all user behavior across SaaS applications, offering a risk profile for each user. If a user downloads mass files, accesses data they shouldn’t, or sends information to personal accounts, DoControl automatically intervenes, alerts the security team, and remediates the action.

Context-Enriched Risk Evaluation

By leveraging context from HRIS and identity providers, DoControl determines whether access is appropriate based on role, responsibilities, scope, normal behavior, and compliance requirements - ensuring all permissions reflect real business needs.

DLP Policies with Automated Remediation

DoControl detects risky sharing behavior and automatically remediates it by revoking access, removing public links, and correcting permissions in real time. This eliminates manual cleanup and prevents data exposure before it happens.

Continuous Compliance Alignment

Compliance policies remain enforced across all SaaS systems. As users join, leave, or shift roles, DoControl ensures access is continuously updated, restricted, or removed - keeping regulated data protected and compliant. DoControl also tracks configuration drifts and ensures that organizations consistently know where they stand, where they face compliance gaps, and understand the necessary steps to fix the issue.

Key Takeaways

FinTech organizations face escalating data risk as financial information moves through SaaS applications, shared systems, and third-party workflows. Visibility into who can access sensitive data - and ensuring that access stays aligned with business needs - is essential for regulatory compliance and long-term business success.

With DoControl, FinTech companies gain automated oversight, proactive risk management, and continuous governance across Google Workspace, Slack, and M365. This ensures that financial data and PII remain protected, controlled, and compliant - no matter how quickly teams grow or how many systems they integrate.

Advanced, automated data security gives organizations the confidence to evolve, empower their teams, and protect what matters most: the integrity of their business, their people, and the financial futures of the customers who depend on them.