Digital Operational Resilience is now mandatory. This article gives founders a clear, expert framework to comply with DORA requirements.
Table of Contents
- Overview of DORA
- Scope & Applicability
- ICT Risk Management
- Reporting & Monitoring
- Third-Party Oversight
- Conclusion
Overview of DORA {#overview}
- Ensures operational resilience of financial entities
- Covers ICT systems, risk management, and reporting
- Applies to fintechs, banks, and service providers
Scope & Applicability {#scope}
- EU-regulated financial entities
- ICT third-party providers
- Cross-border operations impacting EU users
ICT Risk Management {#ict-risk}
- Risk identification & assessment
- Internal controls & policies
- Cybersecurity measures & testing
Reporting & Monitoring {#reporting}
- Incident reporting timelines
- Continuous monitoring dashboards
- Internal audit and escalation procedures
Third-Party Oversight {#third-party}
- Vendor due diligence
- Contractual obligations & SLAs
- Continuous monitoring and audits
Conclusion {#conclusion}
FinTech founders who proactively implement DORA frameworks avoid fines, investor concerns, and operational failures.
