Case StudyFinTech / NBFC · India
RBI Compliance Automation & Continuous TPRM for a Regulated NBFC
A growing NBFC used NOVA AI and NMT's Fractional CISO to standardise RBI Master Direction controls, centralise third-party risk oversight, and embed cyber risk as a standing Board governance topic, without the cost of a full-time CISO.
RBI + ISO
Frameworks Standardised
Across all systems & teams
Quarterly
Board Risk Reviews
Cyber risk as standing agenda
Continuous
TPRM Visibility
vs. point-in-time audit approach
0
Full-Time CISO Cost
Strategic leadership at fraction of cost
Industry
Financial Services / NBFC
Market
India
Regulator
Reserve Bank of India (RBI)
Engagement
NOVA AI + Fractional CISO Support
Frameworks
RBI Master Direction + ISO 27001
The Challenge
Operating Context, Earlier Phase
01
Regulatory alignment needed to keep pace with scale
As the organisation's technology landscape expanded, aligning RBI Master Direction requirements consistently across systems, teams, and documentation required increasing coordination and standardisation.
02
Third-party risk oversight required stronger centralisation
A growing network of outsourced tech and service partners needed a consolidated and continuous view of third-party security exposure across the ecosystem.
03
Security governance was largely audit-driven
Security activities, though effective, were concentrated around audit cycles. Year-long visibility and tracking across the security programme needed to be strengthened.
04
CISO leadership enablement without permanent overhead
The organisation required C-suite and Board-facing security guidance while remaining disciplined about long-term executive cost structures.
The Solution
With NOVA AI + Fractional CISO Support
RBI and ISO alignment standardised as the technology footprint scaled
As systems, data flows, and partner integrations expanded, NOVA AI and NMT's team supported the standardisation and mapping of existing controls against RBI and ISO frameworks, helping maintain consistency, audit readiness, and leadership oversight.
Remediation organised to match growing operational complexity
With guidance from NMT's team, security actions were structured into phased remediation tracks, enabling internal IT teams to manage improvements alongside ongoing operations with clear ownership and timelines.
Third-party risk visibility became continuous and data-led
Through NOVA's external monitoring and digital footprint analysis, leadership gained ongoing visibility into vendor and partner exposure across cloud assets, credentials, and external attack surfaces, strengthening confidence across the supply chain.
Cyber risk embedded into formal governance cadence
Dashboards and quarterly reviews allowed leadership to track security maturity trends and review cyber risk as a standing governance topic, shifting from reactive to proactive oversight.
Positive Business Outcomes
Governance That Scales with the Business
Predictable progress on regulatory alignment
Compliance activities evolved into a repeatable and measurable process, supporting consistency across audits and regulatory reviews.
Stronger year-round security posture
Leadership gained ongoing visibility into risk trends and remediation progress, supporting steady governance rather than point-in-time audit focus.
Efficient access to senior security leadership
The organisation benefited from strategic CISO-level input and continuous monitoring without the fixed cost of a full-time role.
Greater confidence in ecosystem resilience
Improved oversight of third-party exposure reduced uncertainty and strengthened overall operational resilience.
"
NMT Security supported us in standardising RBI-aligned governance and strengthening ongoing visibility into cyber risk. The Fractional CISO and AI platform helped formalise controls, enhance vendor oversight, and bring cyber risk discussions into regular Board forums.
JA
Jatinder Alagh
Group CTO, arya.ag