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Daba - Trust, Compliance and Security

Daba’s services are designed to adhere to the highest industry standards and best practices in trust, compliance, security, and safety.

    Licenses and RegulationsCompliance and CertificationsSecurity

License and Regulations

At Daba, we prioritize the security and privacy of our users' financial information. We have obtained key compliance certifications to demonstrate our commitment to maintaining a secure and trustworthy platform:

U.S. Securities and Exchange Commission (SEC) Registered Investment Advisor (RIA)

Daba is registered with the SEC as an investment advisor, ensuring that we meet the strict standards of the U.S. financial regulatory system. This registration demonstrates our commitment to transparency, fairness, and acting in the best interests of our clients.

Link to SEC RIA Registration

Bourse Régionale des Valeurs Mobilières (BRVM) Data Distributor Agreement

Daba has secured a data distributor agreement with the BRVM, the regional stock exchange serving West African countries. This agreement allows us to provide our users with real-time, accurate, and reliable market data from the BRVM.

Link to BRVM Website
PhoenixEcobankBNI FinancesBoa capitalBoa capitalImpaxi

Partnering with Licensed Brokers and Asset Managers on the BRVM

To ensure that our users legally have access to a wide range of investment opportunities, Daba partners with licensed brokers and asset managers who are authorized to operate on the BRVM. These partnerships enable us to offer a diverse array of investment products while maintaining the highest standards of regulatory compliance.

Compliance and Certifications

At Daba, we prioritize the security and privacy of our users' financial information. We have obtained key compliance certifications to demonstrate our commitment to maintaining a secure and trustworthy platform:

Payment Card Industry Data Security Standard (PCI DSS) Compliant

Daba is fully compliant with the PCI DSS, a rigorous set of standards designed to ensure the secure handling of credit card information. By adhering to these standards, we protect our users' sensitive payment data from potential breaches or unauthorized access.

Benefit to Users:

When you invest through Daba, you can trust that your payment information is handled securely, minimizing the risk of fraud or data theft.

PCI DSS Attestation of Compliance

AWS Well-Architected Review Certified

Daba's infrastructure has been certified through the AWS Well-Architected Review process. This certification validates that our platform is designed and built following AWS best practices for security, reliability, performance efficiency, and cost optimization.

Benefit to Users:

Our AWS Well-Architected certification gives you peace of mind knowing that your investments and personal information are managed on a robust, secure, and efficiently designed platform.

Link to AWS well architected review

Security

At Daba, the security of our users' investments and personal information is our top priority. We employ a comprehensive security framework to protect your data and ensure a safe investing experience

Encryption

All sensitive user data, including PCI and personal information, is encrypted both in transit and at rest using industry-standard encryption protocols.

We use SSL/TLS certificates for our microservices, which are periodically and automatically renewed to maintain the highest level of security.

Secure Infrastructure

Our infrastructure is built on Amazon Web Services (AWS), leveraging their world-class security features and best practices.

We use AWS services such as Elastic Kubernetes Service (EKS), Elastic Container Registry (ECR), and Elastic Load Balancing (ELB) to ensure a secure and scalable environment for our platform.

All access to our infrastructure components is strictly controlled and monitored, with least privilege access principles enforced.

Data Protection

Your investment and personal data is stored in secure, encrypted databases such as MongoDB Atlas and AWS RDS.

We enforce strict access controls and regularly monitor for any suspicious activity to prevent unauthorized access to your data.

User Account Security

We strongly encourage all users to enable two-factor authentication (2FA) on their Daba accounts to add an extra layer of security.

Always use strong, unique passwords for your Daba account and never share your login credentials with anyone.

Regularly review your account activity and contact our support team ([email protected]) immediately if you notice any suspicious activity.

At Daba, we are committed to maintaining the highest standards of security to protect your investments and personal information. Our comprehensive security framework, combined with your vigilance in maintaining good account security practices, helps ensure a safe and secure investing experience on our platform.

Got questions?

We can answer them

What is your organization’s strategy for hosting the server-side components of your application?

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Does your organization have a documented information security policy that has been operationalized to identify, mitigate, and monitor information security risks, including physical security when applicable, relevant to your business?

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Does your organization have a mechanism for discovering and maintaining visibility into all network endpoints connected to your corporate and production networks? [NOTE: A network endpoint in this context is an asset connected to your corporate OR production network–like a laptop or a server instance]

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Does your organization have a defined process for building and releasing code changes to production assets?

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Does your organization have a defined process for controlling access to production assets and data?

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Does your organization encrypt data-in-transit between clients and servers using TLS 1.2 or better?

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Does your organization maintain a robust audit trail and logs for all material events that occur in your production assets?

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Does your organization enforce the testing of code changes before they’re deployed to production assets?

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Does your organization have a defined process for detecting, triaging, and resolving security impacting incidents?

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