DORA effective Date

Last Friday the Digital Operational Resilience Act (hashtag#DORA) took effect. DORA brings consolidated requirements for the management of ICT risks and ICT dependencies by the European financial sector.

DORA revolves around the following main pillars:

• ICT governance and risk management
• Incident management, classification and reporting
• Digital operational resilience testing
• Management of risks relating to using ICT third-party service providers
• Information sharing

Complissimo provides a hashtag#GRC solution enabling financial institutions to cater for full DORA compliance and prepare for DORA hashtag#reporting through use of the tool. Our first version, which we will roll out in February 2025, will allow for a full function mapping of your organisation including a visualisation of key responsibilities and ICT dependencies. The mapping forms the basis for holistic day-to-day governance as well as an automated fill-out of your DORA Register of Information.

What sets Complissimo apart is that it is the only GRC tool specifically designed for the financial sector by experts with decades of experience in that sector. The combination of a deep understanding of the sector and its regulatory framework, along with the practical on-the-ground compliance experience of its founders, make this a tool that is both compliant by design and easy to use.

With founders passionate about, and deeply ingrained, in the financial sector, Complissimo aims to become much more than a GRC tool. We aspire to create the compliance community for the sector.

Curious about the tool and our community platform, please do register on our website www.complissimo.com.