Background: A rapidly growing Nigerian FinTech company offering digital payment services to both local and international clients approached Heritech Consulting for support in navigating data protection regulations. With increasing scrutiny on data privacy, the company needed to ensure compliance with the Nigerian Data Protection Regulation (NDPR) and the European Union’s General Data Protection Regulation (GDPR), given its expanding international client base.

Challenge: The FinTech company faced significant challenges in ensuring its systems and practices were compliant with stringent data protection laws. With sensitive financial data being processed across borders, the company needed to ensure that it could meet both local and international privacy requirements. Key challenges included:

• Managing customer data securely and ensuring transparency in data handling.
• Understanding and aligning with the GDPR requirements, especially in relation to cross-border data transfers.
• Implementing a comprehensive data protection policy that covered all aspects of its operations.

• Full Compliance Achieved: Within six months, the FinTech company achieved full compliance with NDPR and GDPR, ensuring its operations were in line with both local and international standards.
• Reduced Legal Risks: The company mitigated the risk of legal penalties related to non-compliance, especially from international regulators.
• Strengthened Client Trust: By demonstrating a strong commitment to data privacy, the company gained enhanced trust from clients, particularly those based in the EU and other jurisdictions with stringent data privacy laws.
• Scalability: The FinTech company’s ability to expand into new markets, especially in Europe, was significantly improved, as clients felt assured that their data was being handled in compliance with international regulations.