As the Digital Operational Resilience Act regulation adoption date draws nearer, we provide the peace of mind you need ready for 17 January 2025.
Financial Institutions and their providers of information and communications technology (ICT) face a race to be ready for the Digital Operational Resilience Act (DORA) by 17 January 2025. With some requirements only just finalised, many organisations still have significant work ahead and third-party ICT management is widely considered to be the most key challenge. Are you prepared?
DORA Accelerator
Firms can quickly codify a baseline of good practice end-end third-party risk management. The DORA Accelerator is designed to accelerate the implementation of and sustained adherence to, key DORA third-party requirements alongside industry best practices.
Third Party Assessments
An efficient way to meet expectations in DORA to perform risk proportionate due diligence, assurance and “audits and inspections” of third-party providers, easing the burden on financial institutions and their providers.
Learn more about Third Party Assessments
Gap Analysis and Remediation
Industry experts are on-hand to assist firms in assessing their current arrangements, processes, and frameworks against DORA requirements, identifying gaps, and recommending and supporting the execution of remedial actions.
KY3P Onboarding & Oversight allows firms to effectively manage their third parties, enforcing compliance by codifying your organization’s third party risk policies and oversight procedures, structured workflows, email notifications and reporting.
Third parties are overwhelmed with due diligence requests from their clients, using client spreadsheets, homegrown platforms and processes. The need to address each client request slows down the process and the lack of standardization increases the risk of third parties providing incomplete or incorrect answers.
KY3P Due Diligence & Monitoring enables efficient collection and analysis of due diligence data from, and about your third parties.
Receive alerts on your third-party portfolio across a range of risk domains: cybersecurity, financial stability, ESG, sanctions screening and significant news.
Create and track remediation tickets, expected due dates, plan, priority and evidentiary documents and status.
Outreach to third parties in response to specific events (weather, war, terror, cyber, pandemic, and other risk types) to quickly identify and assess the impact of a vulnerability, business continuity event or other significant event.
Integrated Tableau provides out-of-the-box interactive reporting dashboards and bespoke reporting capability.
Preparing for DORA Compliance: A Guide for Organisations
The Digital Operational Resilience Act (DORA) is set to revolutionise how financial entities manage Information and Communication Technology (ICT) risks, emphasising the importance of resilience in today's digital age.
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Regulatory spotlight: The Digital Operational Resilience Act (DORA)
Understand policy products released by the European Supervisory Authorities (EBA/ESMA/EIOPA) in 2024, aimed at enhancing the digital operational resilience of the EU's financial sector.
Read the Update ›
KY3P Video: Find out how our KY3P® suite of solutions can help you
KY3P is the world-leading integrated suite of solutions to manage your end-to-end third-part risk management, covering data analytics, technology, expertise and advisory, and assessments.
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Reimagining Due Diligence
Set firm foundations to enable third-party risk management as relationships evolve from initial vetting of small suppliers, to onboarding larger providers.
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How to Achieve Operational Efficiency
In partnership with Supply Management, we explore strengthening risk management processes by outsourcing TPRM activities.
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