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Digital Operational Resilience Act (DORA)
The Digital Operational Resilience Act (DORA) is a European Union regulatory framework focused on digital operational resilience in the financial sector that became effective in January 2023 but comes into full effect on January 17th 2025.
Applying to all financial institutions, its purpose is to enhance the digital operational resilience of financial entities in the EU and address cyber-security and ICT (Information and Communication Technology) risk management.
By the deadline, financial entities must have implemented comprehensive ICT risk management frameworks, cyber-security protocols, incident reporting mechanisms, and third-party service provider management systems as outlined in the DORA regulation.
Commitment to Operational Resilience & Security
Aiviq, being a third-party provider handling critical data for our clients globally, appreciate the complexity and cost associated with meeting these important and robust requirements. We invest heavily in the areas outlined by this framework to provide operational resilience for our customers and the ability to prevent, respond to and recover from ICT-related disruption.
"At Aiviq, ensuring operational resilience and security is at the heart of our commitment to delivering robust data solutions to the asset management industry. In line with the European Union’s Digital Operational Resilience Act (DORA), we have implemented stringent measures to safeguard our clients’ operations from potential digital disruptions. As a trusted partner to global asset managers, we recognise the increasing importance of maintaining continuity and security in the face of evolving risks.” - Pavan Cherlapelly, Head of Technology, Aiviq
