Skyflow

.

+ Nauggets

Preventing Sensitive Data Sprawl for a Consumer Fintech App
Nauggets is a global digital platform that allows consumers to buy, save, spend, and sell fractional gold in a frictionless manner. Using Skyflow, customers using Nauggets can be certain that their personal data is isolated and protected in Skyflow’s Data Privacy Vault.
For more information about Nauggets, visit their website at
www.nauggets.com.

About Nauggets

On a mission to democratize gold ownership, Nauggets is dedicated to educating people about the value of gold. Using their mobile app offers people the option to both invest with gold and use it as a spending method for daily expenses. Everyday customers are able to purchase gold via wire transfer, and then earn based on the appreciation of gold. With Nauggets, customers have the opportunity to earn a yield of up to 3.4% yield APY.
Nauggets also makes it more accessible for customers to buy and spend gold by enabling them to top up their digital gold wallets using real-time bank payment providers, like PayID and PayTo in Australia. Nauggets partnered with Skyflow to ensure that sensitive customer data collected during sign up and debit card issuance – like name, email address, and card details – are isolated, protected, and securely stored in Skyflow Data Privacy Vault.

The Challenge

The Nauggets team knew that prioritizing privacy was table stakes for earning customer trust, but they needed a solution comprehensive enough to meet their needs, scalable enough to grow with them, and centralized enough to become a core part of their architecture.
When a customer signs up to buy, sell, save, and spend gold with Nauggets, they need to share their name, phone, and email address to start an account. In some cases, a customer’s identity also needs to be verified by way of a shared passport or a driver’s license. Once an account is created, Nauggets customers can add funds directly from their bank account leveraging localized payment methods or bank transfer, and use those funds to buy, save, and sell gold. By issuing a virtual debit card, customers can also begin spending their gold just as real money, in real time.
The team wanted any sensitive customer information (PII) shared throughout the process to be isolated from the rest of their back end, and securely stored and protected in a centralized location.
Nauggets was founded and conceptualized in Australia, but is available to customers globally. Because their customer base is growing and their product is evolving, the team at Nauggets knew they needed a privacy solution that expanded beyond PII to solve data residency requirements and PCI compliance as well.

The Skyflow Solution

Skyflow’s out-of-the-box solutions enabled Nauggets to implement enterprise-grade data privacy architecture quickly and easily.

Isolate and Protect Customer Data

  • Skyflow isolates sensitive data at the point of collection, protecting all PII in Skyflow Data Privacy Vault to avoid sprawl across other datasets in Nauggets’ backend.
  • All sensitive data is protected using multiple encryption and tokenization techniques, including Skyflow’s proprietary approach: polymorphic encryption.

Fine-grained Access Controls

  • Skyflow’s governance engine includes customizable fine-grained access controls built on zero trust principles.
  • This means the Nauggets team can control who can see what data, when, and where based on any combination of policies, roles or attributes.

Secure Data Sharing

  • Skyflow Connections allow Nauggets to securely collect and share information with their issuing partners.
  • This allows Nauggets customers to add or transfer funds to and from their accounts in real-time.

Privacy, without Losing Functionality

  • Nauggets securely issues and manages virtual debit cards so their customers can spend their gold.
  • Plaintext card data is isolated at collection and stored in Skyflow Data Privacy Vault while stand-in tokens are used in Nauggets’ back end. Skyflow helps Nauggets ensure that sensitive customer data is protected and secure throughout this entire process.
“Doing right by our customers and protecting their most sensitive data has been a priority for our team since day one. Building a privacy solution that’s as comprehensive as Skyflow’s internally is incredibly complex and expensive. With Skyflow, implementation was fast and collaborative, and we were able to easily meet compliance regulations for PII privacy.”

Suroor Wijdan

CIO, Nauggets
“To really democratize gold ownership, we need to build a platform that is easy to use and that’s truly trustworthy. Our customers need to be able to purchase gold via our mobile app, and then save, sell, or spend that gold on daily expenses. Their sensitive information needs to be protected throughout the process.”

Suroor Wijdan

CIO, Nauggets
“Doing right by our customers and protecting their most sensitive data has been a priority for our team since day one. Building a privacy solution that’s as comprehensive as Skyflow’s internally is incredibly complex and expensive. With Skyflow, implementation was fast and collaborative, and we were able to easily meet compliance regulations for PII privacy.”

Suroor Wijdan

CIO, Nauggets
“To really democratize gold ownership, we need to build a platform that is easy to use and that’s truly trustworthy. Our customers need to be able to purchase gold via our mobile app, and then save, sell, or spend that gold on daily expenses. Their sensitive information needs to be protected throughout the process.”

Suroor Wijdan

CIO, Nauggets

See More Skyflow Customer Stories

Securing customer PII and ACH data for a Public Benefit Education Company
Enabling Data Residency and PCI Compliance for a Payment Automation Platform
NachoNacho is building the world's first and largest true B2B marketplace for SaaS subscriptions.
BambuMeta is a decentralized platform that lets brands build more thoughtful experiences for their customers.
Simplifying PCI Protection and Compliance for a Buy-Now-Pay-Later Solution
Facilitating a secure connection with American Express for a spend and procurement platform.
Enabling a blockchain payment platform to securely manage PII and PCI.
Enabling a blockchain payment platform to securely manage PII and PCI.
NachoNacho is building the world's first and largest true B2B marketplace for SaaS subscriptions.
BambuMeta is a decentralized platform that lets brands build more thoughtful experiences for their customers.
Enabling Data Residency and PCI Compliance for a Payment Automation Platform
Securing customer PII and ACH data for a Public Benefit Education Company
Simplifying PCI Protection and Compliance for a Buy-Now-Pay-Later Solution
Facilitating a secure connection with American Express for a spend and procurement platform.
Enabling a blockchain payment platform to securely manage PII and PCI.
NachoNacho is building the world's first and largest true B2B marketplace for SaaS subscriptions.
BambuMeta is a decentralized platform that lets brands build more thoughtful experiences for their customers.
Enabling Data Residency and PCI Compliance for a Payment Automation Platform
Securing customer PII and ACH data for a Public Benefit Education Company
Simplifying PCI Protection and Compliance for a Buy-Now-Pay-Later Solution
Preventing sensitive data sprawl for a consumer fintech app.
Facilitating a secure connection with American Express for a spend and procurement platform.
VERTICAL
USE CASE
HQ
Fintech
Card Issuance
Sydney, Australia
Talk to Us

Skyflow

.

+ Nauggets

Preventing Sensitive Data Sprawl for a Consumer Fintech App
Nauggets is a global digital platform that allows consumers to buy, save, spend, and sell fractional gold in a frictionless manner. Using Skyflow, customers using Nauggets can be certain that their personal data is isolated and protected in Skyflow’s Data Privacy Vault.
For more information about Nauggets, visit their website at
www.nauggets.com.

About Nauggets

On a mission to democratize gold ownership, Nauggets is dedicated to educating people about the value of gold. Using their mobile app offers people the option to both invest with gold and use it as a spending method for daily expenses. Everyday customers are able to purchase gold via wire transfer, and then earn based on the appreciation of gold. With Nauggets, customers have the opportunity to earn a yield of up to 3.4% yield APY.
Nauggets also makes it more accessible for customers to buy and spend gold by enabling them to top up their digital gold wallets using real-time bank payment providers, like PayID and PayTo in Australia. Nauggets partnered with Skyflow to ensure that sensitive customer data collected during sign up and debit card issuance – like name, email address, and card details – are isolated, protected, and securely stored in Skyflow Data Privacy Vault.

The Challenge 

The Nauggets team knew that prioritizing privacy was table stakes for earning customer trust, but they needed a solution comprehensive enough to meet their needs, scalable enough to grow with them, and centralized enough to become a core part of their architecture.
When a customer signs up to buy, sell, save, and spend gold with Nauggets, they need to share their name, phone, and email address to start an account. In some cases, a customer’s identity also needs to be verified by way of a shared passport or a driver’s license. Once an account is created, Nauggets customers can add funds directly from their bank account leveraging localized payment methods or bank transfer, and use those funds to buy, save, and sell gold. By issuing a virtual debit card, customers can also begin spending their gold just as real money, in real time.
The team wanted any sensitive customer information (PII) shared throughout the process to be isolated from the rest of their back end, and securely stored and protected in a centralized location.
Nauggets was founded and conceptualized in Australia, but is available to customers globally. Because their customer base is growing and their product is evolving, the team at Nauggets knew they needed a privacy solution that expanded beyond PII to solve data residency requirements and PCI compliance as well.

The Challenge 

Hadley collects PII like names, email addresses, and dates of birth in order to connect families with the right 529 accounts. Once the family chooses a plan, sensitive ACH data is used to connect their bank account and process their first contributions.Hadley’s mission is to simplify the process of saving for education with 529 plans. Contributions to 529s grow without being taxed - including any investment gains upon withdrawal. Plus, there are no eligibility limits, like age or income.
As a public benefit company with resource constraints, paying for and managing different point solutions seemed like an unnecessary hassle, and building data privacy infrastructure from scratch wasn’t an option. Hadley had been working closely with Tanooki Labs as their technical partner, and the team at Tanooki made the introduction to Skyflow.

The Skyflow Solution

Skyflow’s out-of-the-box solutions enabled Nauggets to implement enterprise-grade data privacy architecture quickly and easily.

Isolate and Protect Customer Data

  • Skyflow isolates sensitive data at the point of collection, protecting all PII in Skyflow Data Privacy Vault to avoid sprawl across other datasets in Nauggets’ backend.
  • All sensitive data is protected using multiple encryption and tokenization techniques, including Skyflow’s proprietary approach: polymorphic encryption.

Fine-grained Access Controls

  • Skyflow’s governance engine includes customizable fine-grained access controls built on zero trust principles.
  • This means the Nauggets team can control who can see what data, when, and where based on any combination of policies, roles or attributes.

Secure Data Sharing

  • Skyflow Connections allow Nauggets to securely collect and share information with their issuing partners.
  • This allows Nauggets customers to add or transfer funds to and from their accounts in real-time.

Privacy, without Losing Functionality

  • Nauggets securely issues and manages virtual debit cards so their customers can spend their gold.
  • Plaintext card data is isolated at collection and stored in Skyflow Data Privacy Vault while stand-in tokens are used in Nauggets’ back end. Skyflow helps Nauggets ensure that sensitive customer data is protected and secure throughout this entire process.
“Doing right by our customers and protecting their most sensitive data has been a priority for our team since day one. Building a privacy solution that’s as comprehensive as Skyflow’s internally is incredibly complex and expensive. With Skyflow, implementation was fast and collaborative, and we were able to easily meet compliance regulations for PII privacy.”

Suroor Wijdan

CIO, Nauggets
“To really democratize gold ownership, we need to build a platform that is easy to use and that’s truly trustworthy. Our customers need to be able to purchase gold via our mobile app, and then save, sell, or spend that gold on daily expenses. Their sensitive information needs to be protected throughout the process.”

Suroor Wijdan

CIO, Nauggets
“Doing right by our customers and protecting their most sensitive data has been a priority for our team since day one. Building a privacy solution that’s as comprehensive as Skyflow’s internally is incredibly complex and expensive. With Skyflow, implementation was fast and collaborative, and we were able to easily meet compliance regulations for PII privacy.”

Suroor Wijdan

CIO, Nauggets
“To really democratize gold ownership, we need to build a platform that is easy to use and that’s truly trustworthy. Our customers need to be able to purchase gold via our mobile app, and then save, sell, or spend that gold on daily expenses. Their sensitive information needs to be protected throughout the process.”

Suroor Wijdan

CIO, Nauggets

See More Skyflow Customer Stories

Securing customer PII and ACH data for a Public Benefit Education Company
Enabling Data Residency and PCI Compliance for a Payment Automation Platform
NachoNacho is building the world's first and largest true B2B marketplace for SaaS subscriptions.
BambuMeta is a decentralized platform that lets brands build more thoughtful experiences for their customers.
Simplifying PCI Protection and Compliance for a Buy-Now-Pay-Later Solution
Facilitating a secure connection with American Express for a spend and procurement platform.
Enabling a blockchain payment platform to securely manage PII and PCI.
Enabling a blockchain payment platform to securely manage PII and PCI.
NachoNacho is building the world's first and largest true B2B marketplace for SaaS subscriptions.
BambuMeta is a decentralized platform that lets brands build more thoughtful experiences for their customers.
Enabling Data Residency and PCI Compliance for a Payment Automation Platform
Securing customer PII and ACH data for a Public Benefit Education Company
Simplifying PCI Protection and Compliance for a Buy-Now-Pay-Later Solution
Preventing sensitive data sprawl for a consumer fintech app.
Facilitating a secure connection with American Express for a spend and procurement platform.
Enabling a blockchain payment platform to securely manage PII and PCI.
NachoNacho is building the world's first and largest true B2B marketplace for SaaS subscriptions.
BambuMeta is a decentralized platform that lets brands build more thoughtful experiences for their customers.
Enabling Data Residency and PCI Compliance for a Payment Automation Platform
Securing customer PII and ACH data for a Public Benefit Education Company
Simplifying PCI Protection and Compliance for a Buy-Now-Pay-Later Solution
Facilitating a secure connection with American Express for a spend and procurement platform.

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