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💳Fintech & Financial Services

Digital Operational Resilience Act for Fintech & Financial Services

DORA creates a comprehensive framework for ICT risk management in the financial sector. It requires resilience testing, third-party risk management, and incident reporting.

Deadline

January 17, 2025

Max Fine

Varies by member state (effective, proportionate, dissuasive)

Sectors Affected

Banking, Insurance, Investment Firms

What DORA means for Fintech & Financial Services

Fintech & Financial Services organisations operating in the EU must comply with DORA obligations. Below are the key requirements that apply to your sector.

  • Implement ICT risk management framework
  • Conduct digital operational resilience testing
  • Manage third-party ICT risk
  • Report major ICT-related incidents
  • Share threat intelligence

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For informational purposes only. This is not legal advice — consult qualified legal counsel.