The ‘DORA Impact’ for Fintechs

The ‘DORA Impact’ for Fintechs

Two years after its adoption, the Digital Operational Resilience Act (DORA) has officially come into force across the European Union, ushering in a landmark effort to fortify the financial sector’s digital infrastructure. The regulation targets real-world vulnerabilities that threaten the continuity of financial services. Its aim is simple: minimise disruption and safeguard the economy from digital system failures. Who’s in Scope?

DORA brings new obligations for insurers in the management of IT service providers and at the same time puts the contract world to the test. AI-based tools promise remedy: They automatically check for compliance, detect gaps and create suitable supplements. Thus, regulation can become a digitalisation boost, says Robin Schmeisser, Managing Director of Fabasoft Contracts GmbH. read more

On 12 March, the French Senate adopted at first reading the draft law aimed at transposing the European directives NIS2, RED and DORA, extending cybersecurity obligations to 15,000 entities in our territory in order to strengthen their resilience to cyberattacks. While a final adoption is expected by the National Assembly this summer, it should be noted that the scope and severity of cyberattacks continue to increase rapidly. Today, cybercrimina…