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Financial Technology

Finix

How fast-growth payments processing company, Finix, achieved PCI DSS compliance in just four months.

Cybersecurity Service

“Before engaging with RSI Security, PCI compliance was much more stressful,” Singh says. “And in addition to getting PCI compliant, I definitely think we’ve grown and matured as an organization when it comes to corporate oversight of data security.” And most importantly, RSI Security helped Finix achieve PCI DSS compliance in a rather short amount of time.

– Gurpal Singh, Head of Compliance, Finix

The Challenge

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Financial technology (fintech) company, Finix, provides white-label payment infrastructure to payment facilitators, ISVs, and marketplaces, and therefore must be in compliance with PCI DSS regulations in order to protect sensitive cardholder data.

In 2017, as a growing company on-boarding more enterprise-tier clients, Finix needed a partner that would work with their existing Compliance and Security teams to streamline their PCI DSS efforts, as well as fill in any cybersecurity gaps that could be potentially exploited by hackers.

Step #1

RSI Security

Gather Information

The first steps that RSI Security and Finix took towards ensuring PCI DSS compliance were evidence gathering and documentation. The RSI Security team worked hand-in-hand with Finix’s Compliance team to organize and gather all of the necessary compliance-related documentation in a quick, painless fashion.

Step #2

RSI Security

Onsite Assessment

“RSI Security then came on-site, and we were able to wrap up the documentation. We were just really happy to see that phase wrapped up so quickly.”

Step #3

RSI Security

Compliance Assessment

The RSI Security team also conducted a full PCI DSS compliance assessment of Finix’s data, systems, and policies to identify any potential control gaps that needed to be filled in order to assure PCI DSS compliance.

Compliance That Keeps Growth Moving

Finix entered the engagement looking for a more efficient path to PCI DSS compliance as its white-label payments business continued to grow. Working alongside RSI Security, the team organized critical documentation, completed its assessment, addressed control gaps, and achieved PCI DSS compliance in just four months.

The impact went beyond the assessment itself. The engagement helped Finix strengthen its broader approach to cybersecurity, giving its compliance and security teams greater confidence in the processes supporting its payment infrastructure. With a stronger foundation in place, Finix could continue serving enterprise clients and scaling its business with security and compliance built into the journey forward.

THE CLIENT PERSPECTIVE

“With RSI Security, we feel like a valued client, not just another name in a book of customers. And that means a lot, especially when working with a small, but growing, company like Finix.”

Gurpal Singh
Head of Compliance, Finix

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