Skyflow
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+ NachoNacho
NachoNacho is building the world’s first and largest true B2B marketplace for SaaS subscriptions. Knowing how important financial data privacy is to their business model, the NachoNacho team worked with Skyflow to isolate, protect, and manage sensitive customer financial data.
About NachoNacho
NachoNacho is transforming the way businesses manage and buy SaaS products. Users connect their payment source to their NachoNacho account, and create one virtual VISA card per subscription. They can migrate all existing subscriptions to NachoNacho by simply changing the virtual card being used in each subscription account.
Once set up, buyers can browse the NachoNacho Marketplace and choose from hundreds of SaaS products from the most trusted vendors. Buyers can pay any vendor they want upfront or with a pay-as-you-go model, using virtual credits with built-in charge limit protections. Most importantly, each of the carefully selected SaaS vendors listed on NachoNacho typically offers considerable savings: up to 30% lifetime savings in many cases.
The Challenge
In order to purchase and maintain SaaS subscriptions for customers, NachoNacho handles customers’ sensitive financial data, a task that comes with an array of privacy, security, and compliance complexities. To retain buyers’ trust, protecting the privacy of their customer financial data is essential.
They also needed to ensure that while safeguarding this data, they could still use it. For example, the NachoNacho team needs to be able to share a given customer’s financial information with a financial institution to draw funds and complete subscription payments. Encrypting financial data at rest and in transit helps reduce the chance of a leak, but it can potentially limit data utility if encryption isn’t coupled with data protection techniques like tokenization.
The team at NachoNacho knew that building their own privacy infrastructure from scratch would be complex and resource-intensive, so they turned to Skyflow as a comprehensive solution for their privacy, security, and compliance needs.
The Skyflow Solution
Skyflow helps fintech companies worry less about privacy, build better apps and systems more quickly, and enables the highest levels of data privacy and security.
- With Skyflow, NachoNacho can initiate money movement transfers using tokens. Because NachoNacho can use tokens to exchange information with payment processors and debit user's payment sources securely, they can isolate financial data from their backend systems without losing functionality.
- This enables NachoNacho to achieve and maintain compliance without breaking privacy, and without impacting customer experience.
- Skyflow allows for granular governance controls along with in-depth data auditing and logging, allowing the NachoNacho team to control who has access to what data, where, and when.
- This level of control over access to sensitive data eases the burden of compliance with various data protection regulations like PCI DSS, GDPR, and HIPAA.
- Ease of implementation also factored into NachoNacho’s decision to partner with Skyflow.
- Skyflow’s solution is comprehensive and scalable, and it’s delivered via a simple, developer-friendly API.
“Not only did Skyflow have the most comprehensive privacy and security solution, but they also had great implementation and product teams that helped set us up for success from start to finish.”
Sanjay Goel
“NachoNacho’s marketplace is powered by fintech, and we needed a partner that understood and worked within the fintech ecosystem to ensure privacy is built into every transaction. Skyflow offered out-of-the-box proxied connections with fintech partners and the ability for us to create our own, ensuring that the solution fits seamlessly alongside existing architectures.”
Alan Szternberg
“Getting up and running with Skyflow was easy, which meant we could focus engineering resources back on our core product.”
Alan Szternberg
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