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Indian financial services organisations face a compliance environment that gets more demanding every year. RBI, SEBI, IRDAI, and now DPDPA all impose specific requirements on how you manage access to systems, data, and privileged infrastructure. At the same time, the threat landscape is unforgiving. Financial services remains the most targeted sector for credential-based attacks and insider threats.
Akku gives banks, NBFCs, and insurance companies a single platform to manage workforce identity, secure privileged access, and meet regulatory audit requirements without the complexity or cost of enterprise tools built for a different market.
For most BFSI organisations, access management works until an audit happens. Then the gaps become visible: shared admin passwords with no rotation records, privileged sessions with no audit trail, user accounts that were never deprovisioned when staff left, no evidence of MFA enforcement for critical system access.
These are not edge cases. They are the findings that appear repeatedly in RBI, SEBI, and IRDAI audits across the sector, in private banks, cooperative banks, NBFCs, and insurance companies. The specific frameworks differ. The underlying access control requirements are consistent.
RBI Cybersecurity Framework
The RBI Cybersecurity Framework mandates access controls, privileged user monitoring, multi-factor authentication, and audit trails for all scheduled commercial banks. Akku's IAM and PAM controls address these requirements directly: MFA on all user access, session recording and command logging for privileged accounts, and compliance-ready audit exports for your IS auditor.
RBI Guidelines for Cooperative Banks
Cooperative banks operate under RBI’s IT Framework for Cooperative Banks, which sets baseline requirements for access management, user authentication, and audit trails. Akku is sized and priced for cooperative banks. The same compliance-grade controls, without the enterprise implementation overhead.
SEBI Cybersecurity and Cyber Resilience Framework (CSCRF)
SEBI-regulated entities, including stockbrokers, AMCs, depositories, and market intermediaries, are required to implement privileged access governance, session monitoring, and incident response controls under the CSCRF. Akku PAM addresses the privileged access layer directly.
IRDAI Information and Cyber Security Guidelines
Insurance companies under IRDAI’s guidelines are required to implement access management controls, privileged user monitoring, and audit logging. Akku covers the full access stack for insurers: workforce IAM, privileged access, and audit trail generation.
Digital Personal Data Protection Act (DPDPA) 2023
DPDPA places obligations on financial services organisations as data fiduciaries. Consent management, data principal rights, and access controls over personal financial data are all in scope. Akku’s CIAM module handles consent management, and Akku IAM enforces data access controls aligned to DPDPA requirements.
Financial services organisations manage large, complex user populations: branch staff, relationship managers, back-office teams, contractors, and technology vendors, all needing different levels of access to different systems, from core banking to CRM to collaboration tools.
Akku IAM gives you centralised control over the full user lifecycle.
Explore Akku IAM
Single Sign-On across all applications
One secure login for every application your staff uses, cloud or on-premise. No shared passwords, no password fatigue, no access that outlives employment.
Adaptive Multi-Factor Authentication
MFA that responds to context. A login from an unfamiliar device or unusual location triggers step-up authentication automatically. Compliant with RBI and IRDAI MFA requirements.
Automated provisioning and deprovisioning
When a staff member joins, changes role, or leaves, access updates automatically based on their role. No manual process, no residual access, no audit finding for accounts that should have been deprovisioned.
Contextual access controls
Restrict access by IP address, device, time of day, and location. Branch staff access core banking only from branch networks. Remote access is controlled, not open.
Audit-ready access logs
Every login, every access attempt, every permission change is logged, searchable, and exportable for your IS auditor.
Core banking systems, database servers, network infrastructure, and cloud environments are accessed by a small number of administrators with elevated privileges. These accounts are the most valuable targets for attackers and the most scrutinised by auditors. Yet in many BFSI organisations they are the least controlled.
Shared admin passwords, no session recording, manual rotation schedules that slip, no approval process before a DBA accesses a production database. These are common findings. They are also the findings that generate the most serious regulatory observations.
Akku PAM closes these gaps.
Explore Akku PAMDynamic credential management
Administrators never know the actual password to a privileged system. AkkuArka generates a unique credential per session, injects it silently, and expires it when the session ends. Nothing to share, nothing to leak, nothing to rotate manually.
Session recording and command logging
Every privileged session is recorded. Every SSH command, every SQL query executed against a production database, every RDP action is captured, timestamped, and stored in tamper-proof audit logs. When your IS auditor asks what happened on a core banking server on a specific date, you have the answer in minutes.
Just-in-time access with approval workflows
Privileged access is not standing access. Administrators request access, an authorised approver grants it, the session opens with time-bound credentials, and closes with a full audit trail.
Instant access revocation
When a system administrator leaves, removing them from Akku removes their access to every privileged system simultaneously. No separate deprovisioning process per system.
Financial services organisations handle large volumes of personal financial data: account details, transaction histories, KYC documents, credit information.
Under DPDPA, you are a data fiduciary with specific obligations. Consent management, data principal rights, and demonstrable controls over who accesses personal data and why are all in scope.
Akku addresses the access control layer of DPDPA compliance:
The established global IAM and PAM vendors are built for large enterprises with dedicated security teams and multi-year implementation budgets. For a cooperative bank with 200 staff, an NBFC with a three-person IT team, or a mid-sized insurance company without a dedicated CISO, those products are either out of reach or disproportionately complex to deploy and maintain.
Akku is built for the BFSI organisation that has real compliance obligations and real constraints. The same core controls: privileged session recording, dynamic credential vaulting, adaptive MFA, audit trail export, at a price point and deployment model that your IT team can own.
Most Akku IAM deployments are live within days. Akku PAM is operational within a week. No professional services engagement, no system integrator. Your existing IT team runs it.
Everything you need to know about Akku for financial services.
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