Risk and Governance
In today’s fast-evolving technological landscape, businesses face expanding challenges and escalating security risks. At The Digital Fifth, we transform risk into a strategic advantage. Our risk and compliance services are designed to handle current complexities and future challenges. With deep industry expertise, we ensure your business stays compliant with current regulations and adapts seamlessly to new ones, keeping your operations secure and ahead of the curve.
Digital Personal Data Protection Act (DPDPA)
Our DPDPA compliance advisory delivers actionable insights, helping you understand regulatory requirements, data risks, and enforcement readiness.
The Digital Fifth’s Approach
1
Data Discovery & Consent Traceability
- We begin by mapping personal data across customer journeys, internal systems, and third-party processors to establish a comprehensive view of data collection, usage, and storage. Consent mechanisms are assessed for clarity, traceability, and linkage to processing activities.
2
DPIA & Gap Assessment
- Through Data Protection Impact Assessments (DPIA), we identify compliance gaps and assess risk across data flows, systems, and vendors. This includes clause-wise gap mapping against DPDPA requirements and prioritization of remediation based on risk exposure.
3
Control Framework & Governance Design
- We develop privacy policies, governance structures, and standard operating procedures aligned with DPDPA. Technical and procedural controls like encryption, access controls, breach response, and third-party oversight which are institutionalized across the organization.
4
Consent Platform Architecture
- We design and support the implementation of a Consent Management Platform (CMP), ensuring integration across digital channels and backend systems. The architecture enables real-time consent capture, version control, withdrawal, and regulatory traceability.
5
Implementation & Monitoring
- Policies and platforms are operationalized across products and departments, supported by structured training and UAT. Real-time dashboards, audit trails, and monitoring mechanisms are set up to ensure ongoing compliance and inspection readiness.
Regulatory Compliance Assurance Advisory
Our compliance assurance advisory delivers actionable insights, helping you understand regulatory gaps, mitigation strategies, and audit readiness
The Digital Fifth’s Approach
1
Mapping of Regulatory Compliance
- Comprehensive Mapping of Regulatory Compliance Guidelines, Standards & Best Practices into Common Control Framework
2
Integrated Risk Management and Governance
- Develop Integrated Risk Management, Governance Framework & Policy Design & Action Plan Developmen
3
Centralized Compliance Management
- Design Centralized Compliance Management through Control Roll out
4
Continuous Improvement and Change Management
- Establish Continuous Improvement & Framework for Regulatory Change Management
5
Outcome
- Master Direction Compliance report in compliance with RBI Master Directives (IT Governance, IT Outsourcing, Operation Risk Management)
- Compliance Model dashboard with controls mapped across Regulatory requirements,
- Improve data protection framework, policies & procedures.
IT Outsourcing Compliance
Our IT outsourcing compliance delivers actionable insights, helping you understand risks, vendor alignment, and regulatory adherence.
The Digital Fifth’s Approach
1
Foundational Compliance Profiling
- We begin by understanding the current state of your IT, IS, and operational processes against regulatory requirements such as RBI Master Directions, ISO standards, and the Digital Personal Data Protection Act (DPDPA). This includes profiling existing policies, vendor contracts, security postures, and technology stacks to map risk exposure and compliance readiness.
2
Multi-Domain Compliance Review & Gap Assessment
- Our team performs a deep-dive diagnostic audit covering People, Policies, Processes, Tools, Controls, and Technology. We evaluate vendor arrangements, cybersecurity controls, access management, BCP/DR, and IT outsourcing frameworks, by identifying gaps across domains and benchmarking against regulatory expectations.
3
Risk Framework Design & Control Mapping
- We create a unified compliance and risk control framework mapped to key regulatory touchpoints. This includes redesigning or developing policy sets, creating SOPs, integrating governance layers, and aligning your cybersecurity and IT risk management practices with ISO 27001/22301, SOC 2, and RBI circulars.
4
Technology & Security Optimization
- Using our practitioner-led approach, we assess system configurations, license management, third-party integrations, and security tooling. We provide actionable insights to optimize system resilience, performance, cost efficiency, and security which ensures technology architecture supports robust risk governance.
5
Strategic Alignment & Governance Readiness
- We align your risk and compliance framework with your business strategy. Our support includes Board and Senior Management training, policy workshops, audit prep, and future-ready advisory for scaling risk governance across evolving regulatory landscapes. We also help implement continuous monitoring mechanisms and reporting engines to ensure sustained compliance.
Cybersecurity And Risk Advisory
Our cybersecurity and risk advisory delivers actionable insights, helping you understand threats, vulnerabilities, and mitigation strategies.
The Digital Fifth’s Approach
1
Current State Profiling
- Understanding & Assess current IT Policies and supporting procedures w.r.t RBI’s guidelines.
- Understanding current technology stacks, arrangements & integrations.
- Walkthroughs of Applications/Systems & Documentations.
- Assess current framework for evaluating vendor and third party compliance.
2
Comprehensive Scoring System
- Assess control applicability for Master Directions in technology management.
- Evaluate compliance across seven domains: People, Policies, Processes, Procedures, Tools, Controls, and Technology.
- Identify gaps and create control maps based on IT Governance guidelines.
- Highlight non-compliance in policies, procedures, technology arrangements, and contracts.
- Review and comprehend Standard Operating Procedures (SOPs).
3
Design & Rebuild Control Framework
- Establish a governance structure and define terms of reference.
- Update policies to comply with regulatory standards.
- Develop checklists and templates for compliance support.
- Review and refresh the Risk Management Framework to align with the Master Direction.
- Update the BCP & DR framework to match the organizations standards.
Case Studies
Discover how we've helped financial institutions transform their digital capabilities and achieve remarkable results.
NBFCs
IT Outsourcing Compliance
Building Compliance and Governance Readiness
To ensure that the NBFC’s technology and policy frameworks are aligned with regulatory...
Banks
IT Outsourcing Compliance
IT Outsourcing Guidelines Compliance
A leading private commercial bank recognized the critical need to ensure rigorous governance,...
Other Services
Explore our consulting services to strengthen compliance, refine strategy, and accelerate innovation in the BFSI sector.
BFSI Strategy
- Business Strategy
- Digital Strategy
- IT Strategy
Product Strategy
- Digital Product Benchmarking
- Platform Benchmarking
- API Benchmarking
Program Management
- Digital Transformation
- Bank Fintech Partnership
Technology Due Diligence
- Tech DD For Investors
- Tech DD BFSI Companies
- Investment Thesis
- Platform Due Diligence
Risk & Compliance
- Compliance Assurance Advisory
- IT Outsourcing Compliance
- Cybersecurity And Risk Advisory
- DPDPA
Go To Market
- Product and Brand Positioning
- Outreach
- Industry Reports
Contact Us
Discover how we've helped financial institutions transform their digital capabilities and achieve remarkable results.
