Third-Party Risk Management
The landscape of financial services is evolving rapidly, with bank-fintech partnerships playing a pivotal role in driving innovation. As these collaborations become more prevalent, regulatory bodies in the United States are actively updating guidelines and frameworks to ensure safe and compliant integration of fintech innovations into the banking
The Digital Operational Resilience Act (DORA) represents a pivotal regulation established by the European Union (EU) to bolster the digital operational robustness and cybersecurity of financial institutions. With the compliance deadline rapidly approaching, financial entities must gain a comprehensive understanding of the scope, requirements, and
The Digital Operational Resilience Act (DORA) is set to become a mandatory compliance requirement for various financial entities within the European Union as of January 17, 2025. This legislative development represents a significant step in fortifying the operational resilience of entities by ensuring stringent risk management protocols for
The EU Digital Operational Resilience Act (DORA) marks a significant stride toward fortifying digital operational resilience within the European financial sector. Officially applicable from today across the EU Single Market, DORA is the culmination of over four years of diligent efforts since its initial announcement as part of the EU Commission's
Why Must Financial Institutions Act Now to Comply with DORA? The digital transformation of the financial sector is not only inevitable but well underway. As institutions adapt to evolving technologies, ensuring operational resilience is now front and center. The Digital Operational Resilience Act (DORA), which takes effect from January 17,