Comprehensive Penetration Testing for Fintech Payments Platform
A fintech payments platform processing ₹50Cr daily needed a comprehensive penetration test before going live with a major banking partner. The partner required a CREST-level pentest report and evidence of remediation before authorizing the API connection.
Client
Confidential, Fintech Payments Client
Industry
Financial Services & FintechTeam Lead
Priya Sharma
Date
Q2 2024
Business Challenge
A fintech payments platform processing ₹50Cr daily needed a comprehensive penetration test before going live with a major banking partner. The partner required a CREST-level pentest report and evidence of remediation before authorizing the API connection.
Solution & Approach
Phronex™ delivered a full-scope penetration test covering web application (OWASP Top 10), API security, network and infrastructure, payment flow manipulation testing, and social engineering simulation. A detailed remediation report with prioritized findings was delivered within 10 days.
Capabilities Delivered
- Web application penetration testing (OWASP Top 10)
- API security testing including payment flow manipulation
- Network and infrastructure vulnerability assessment
- Social engineering simulation
- Remediation report with risk-prioritized findings
Business Outcomes
The pentest identified 12 findings (2 critical, 5 high) which were remediated within 3 weeks. The banking partner authorized the API connection following evidence of remediation, enabling the client to go live on schedule and begin processing ₹50Cr daily from day one.
12
Findings identified and remediated
3 weeks
Full remediation completed
₹50Cr/day
Live processing volume unlocked
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Comprehensive Penetration Testing for Fintech Payments Platform
The pentest identified 12 findings (2 critical, 5 high) which were remediated within 3 weeks. The banking partner authorized the API connection following evidence of remediation, enabling the client to go live on schedule and begin processing ₹50Cr daily from day one.
12
Findings identified and remediated
3 weeks
Full remediation completed