Cybersecurity for FinTech and digital payments
FinTech companies move fast, but once real money flows they are held to bank-level standards. Partner banks, Bank Indonesia, OJK and investors all want proof that your wallet, payment and onboarding systems can withstand attack. It is far cheaper to find the gaps yourself than to have a partner or regulator find them.
Where the money leaks
The weaknesses that cost FinTech companies money usually sit in business logic, not in exotic technology.
Wallet balances can sometimes be manipulated by sending two requests at the same instant, so the system pays out twice before it updates the balance. Testers call this a race condition. Payment and account APIs may check that a user is logged in but not that the account belongs to them, which lets one customer read or move another customer’s funds. Onboarding and KYC (the identity checks required before opening an account) can be bypassed with edited documents or by skipping steps in the app. Weak encryption, key management or logging will also surface in any PCI DSS or SOC 2 audit.
What regulators and partners expect
Payment service providers licensed by Bank Indonesia must meet its security and risk management requirements. Connections to banks increasingly follow Bank Indonesia’s national open API payment standard (SNAP). Lending platforms and other OJK-supervised firms must follow OJK’s IT risk rules. If you store or process card data, PCI DSS applies. Customer data falls under the Personal Data Protection Law (UU PDP). Enterprise customers and investors will usually ask for SOC 2 or ISO/IEC 27001 evidence as well.
What we deliver
We test your APIs and mobile apps and review the source code, combining automated scanning with manual review against OWASP ASVS. The report maps each finding to SOC 2, ISO/IEC 27001 Annex A and PCI DSS. That way one document answers several due-diligence questionnaires. A retest after you fix the issues is included.
To stop problems from returning, we help you add security checks to your GitHub or GitLab pipeline, so each release is checked before it ships.
Scope is based on the number of API endpoints and app builds. Testing does not disrupt your sandbox or production, and everything is under NDA. Reports are written in English, which suits foreign investors and auditors.
Who we are
Snipeyes is CREST-accredited and ISO/IEC 27001:2022 certified. Our testers work to OWASP ASVS, OWASP MASVS for mobile apps and the OWASP API Security Top 10. This work suits digital banks, e-wallets, digital lenders, payment gateways and securities trading platforms.