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 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.

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