The Fintech or financial services sector handles sensitive information about individuals and enterprises and is the most regulated industry in start-ups both by RBI, SEBI, and other regulatory financial bodies along with compliance with the IT Act 2000 and its amendments thereof as well as payment standards such as PCI.There are a host of regulatory compliances that are associated with this industry.With the emergence of fintech, more data is now available in digital formats, which makes it easier to analyze and generate insights but also makes the data more susceptible to security breaches.. … Threats like financial fraud or other money-related cybercrime viz; cash, cheque dishonor, and insurance fraud are increasing. Defining liabilities & indemnity clauses of each party including employee, vendor or customer is a must in today’s regulatory scenario. While the steep rise in the Fintech sector, has fuelled the growth of this industry but has also added complication to the business scenario. This is due to technology being at the core of the product or service offering, it is essential to incorporate the impact of this data for the protection of the firm and consumer.