As banks, fintech companies, and financial services providers collaborate more closely, important questions arise around joint data fiduciary arrangements under India’s Digital Personal Data Protection Act, 2023 (DPDPA).
In this snippet from Spice Route Legal’s Cocktails & Compliance – Financial Services Edition, Ajeeth Srinivas (Associate) examines the legal and compliance considerations that arise when multiple entities jointly process personal data. Key issues discussed include:
- Understanding joint data fiduciary obligations under the DPDP Act
- Allocation of responsibilities between collaborating entities
- Accountability for personal data processing across organisations
- Managing regulatory and operational risks in financial services partnerships
