Financial Services IT | DORA Compliance | Make Compliance Bulletproof

WHAT IS DORA?

the EU’s Digital Operational Resilience Act (DORA)

The financial services sector is navigating significant technological and regulatory challenges as institutions embrace digital tools to support operations, customer engagement, and compliance.

Alongside the rise of online banking, fintech innovation, and digital payments, the introduction of the EU’s Digital Operational Resilience Act (DORA) adds an additional layer of complexity.

DORA is designed to enhance the resilience of financial institutions by mandating robust ICT risk management practices, resilience testing, and oversight of third-party service providers. Institutions must now not only optimise operations but also implement systems that comply with this groundbreaking regulation, set to come into effect on 17th January 2025.

While DORA applies directly to EU-based firms, its scope extends to UK financial services businesses interacting with EU customers or partnering with EU firms. Non-compliance risks heavy penalties, including fines of up to 1% of daily global turnover for up to six months.

At Synapse, we offer advanced I.T. solutions tailored to help financial institutions tackle these challenges. Our expertise ensures that your organisation not only meets DORA requirements but also leverages digital transformation to improve operational efficiency, customer trust, and competitiveness.

Beyond DORA Compliance: Building Digital Resilience

January 2025 marked the DORA deadline, but true digital resilience goes beyond compliance. Our solutions deliver:

Proactive risk management, not just reactive compliance
Operational resilience that exceeds regulatory requirements
Third-party oversight that protects your business relationships
Incident response capabilities that maintain business continuity

Delivering Seamless Support for Financial Institutions

At Synapse, we provide comprehensive I.T. solutions and expert consultancy to help banks and financial organisations address the dual challenges of regulatory compliance and digital innovation. Our services include:

DORA Compliance Readiness: We help institutions assess their ICT infrastructure, implement resilience testing, and ensure third-party risk oversight aligns with DORA’s stringent requirements.
Digital Transformation Support: From cloud adoption to operational optimisation, we guide financial firms through secure and efficient modernisation.
Cybersecurity and Incident Management: Robust systems to safeguard your institution from cyber threats while maintaining operational continuity.

Trusted by leading financial institutions, we bring over 25 years of experience to help your organisation meet the demands of today’s dynamic financial landscape.

Get In Touch