Achieving Zero Third-Party Risk: How Finfinity Secured a Fintech Marketplace with JIT Cloud
The Snapshot - Executive Summary
- The Goal: Eliminate the security risks associated with “standing privileges” for third-party vendors and external partners.
- The Solution: Implemented Cloudanix Just-in-Time (JIT) Cloud for eliminating permanent vendor access and CSPM for continuous cloud monitoring.
- The ROI: Achieved a 100% reduction in privileged access exposure and established a zero-risk environment for third-party integrations.
About Finfinity
Finfinity is a Mumbai-based fintech startup founded in 2023 that operates a high-velocity digital lending and financial well-being marketplace. By connecting retail and SME customers with over 50 financial institutions, including major banks and NBFCs, Finfinity simplifies access to credit, investments, and insurance through a single, unified platform.
The Challenge: The Danger of Standing Privileges
Operating a marketplace at this scale on AWS Cloud requires constant interaction with third-party vendors and partners. However, this created a significant security vulnerability:
- The Third-Party Risk: Granting external vendors permanent “standing access” to the AWS environment was a serious risk that could lead to catastrophic breaches if not handled adequately.
- Privileged Access Exposure: Finfinity needed a way to provide access only when necessary to vendors without leaving the “doors open” indefinitely.
- Monitoring Complexity: As a fintech, they required more than just access control; they needed a way to monitor for “untoward activity” in real-time across their cloud footprint.
The Solution: JIT Access for Cloud and Continuous Vigilance
Finfinity adopted a “Zero-Trust” approach by deploying Cloudanix’s specialized security modules to manage both identity and infrastructure.
- JIT Cloud (Just-In-Time Access): Finfinity replaced permanent vendor credentials with JIT Cloud. Now, the third-party vendors are only granted access when a specific task is required, and those permissions are revoked automatically once the work is completed.
- CSPM (Cloud Security Posture Management): Cloudanix provides Finfinity with a unified, single window view of its entire AWS inventory.
- Anomaly Detection & Real-Time Alerting: By utilizing Cloudanix’s user-behavior & anomaly detection, Finfinity can filter the “noise from the signal,” ensuring that any suspicious activity is identified and prevented before it can escalate.
Check our solutions: JIT Cloud | CSPM | Identity Security
Real-Time Peace of Mind
“Beyond just access management, Cloudanix CSPM has given us a unified view of our AWS environment. The real-time alerting and anomaly detection allow us to prevent any untoward activity before it happens, which is critical for a marketplace connecting 50+ financial institutions.”
— Okesh Badhiye, Head of Technical Engineering, Finfinity
The Results: 100% Reduction in Exposure
By implementing Cloudanix, Finfinity has transformed its third-party access management from a potential security risk into a strategic strength:
- Zero Third-Party Risk: By moving to JIT Cloud, Finfinity successfully eliminated the risks inherent in third-party standing privileges.
- Total Exposure Reduction: The company achieved a 100% reduction in privileged access exposure, ensuring that no unnecessary permissions exist within its AWS environment.
- Proactive Security Posture: Continuous monitoring and real-time alerts ensure that the Finfinity team stays ahead of potential threats, maintaining the “sound health” of their infrastructure.
Eliminating the Vendor Access Bottleneck
“Managing third-party partner access was once a major concern for our security posture. With Cloudanix JIT Cloud, we’ve effectively achieved zero third-party risk. We can now grant access confidently, knowing that it is temporary, audited, and automatically revoked, resulting in a 100% reduction in our privileged access exposure.”
— Okesh Badhiye, Head of Technical Engineering, Finfinity
Customer Brief
- Customer: Finfinity
- Industry: Fintech / Digital Lending
- Tech Stack: AWS
- SKUs Used: Just-in-Time Access for Cloud & CSPM
- Result: 100% reduction in privileged access exposure
- Impact: Zero third-party risk & continuous anomaly detection