The term “holding company” refers to a type of company that owns other companies’ outstanding stock or assets. It does not typically produce goods or services itself, but instead exists to own shares of other companies to form a corporate group.
The regulatory landscape in India, especially in the financial technology (FinTech) sector, has witnessed rapid evolution in recent years. One of the key regulatory bodies overseeing the financial market’s functioning is the Securities and Exchange Board of India (SEBI). SEBI’s role in ensuring transparency, integrity, and efficiency in the market is paramount. For FinTech companies, especially those involved in securities trading, investment platforms, or digital financial services, understanding SEBI’s audit framework is crucial.
In this blog post, we will dive deep into the concept of SEBI audits, their significance, and the impact on FinTech companies. As C-suite executives in the FinTech space, you are responsible for overseeing strategic decisions that affect your company’s growth, compliance, and risk mitigation. A well-executed SEBI audit can not only safeguard your organisation from regulatory penalties but also enhance investor confidence and operational efficiency.
The Board of Directors is responsible for overseeing the implementation of offensive security strategies and ensuring that they are effectively managed. This requires a proactive approach to risk management, where the Board plays an active role in setting the tone for cybersecurity governance and ensuring that appropriate resources and expertise are allocated to address identified risks.
Offensive security refers to the proactive approach of identifying vulnerabilities and potential threats within an organisation’s systems and networks. It involves techniques such as vulnerability assessments, penetration testing, malware analysis, cyber forensics, and reverse engineering. The goal is to simulate real-world attacks, uncover weaknesses, and develop strategies to counteract these threats before they are exploited by malicious actors.
Offensive security encompasses a range of practices that simulate cyberattacks in a controlled environment, allowing businesses to identify security risks in their systems and address them before attackers can exploit them. The core components of offensive security include vulnerability assessment, penetration testing, malware analysis, cyber forensics, and reverse engineering.
Boards typically comprise a mix of internal directors (executives from within the company) and external directors (independent individuals unconnected to the organisation). This blend ensures a balance of insights—insiders bring deep organisational knowledge, while outsiders contribute objectivity and fresh perspectives.