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Whitepaper
Achieving DORA Compliance with Enterprise Architecture
The financial sector is becoming increasingly dependent on new technologies and tech companies to deliver services. While this rapid digitization has accelerated innovation, it has also increased the risk for cyber attacks and ICT-related incidents.
As a response, the European Union is introducing the Digital Operational Resilience Act (DORA) to strengthen the IT security and operational resilience in the industry.
This whitepaper provides an overview of DORA requirements and explores how financial institutions can leverage Enterprise Architecture (EA) principles and tools to achieve compliance.
Key implications of DORA
The role of Enterprise Architecture
DORA impacts all participants in the financial market, including banks, investment firms, management companies, crypto asset providers, insurance companies, and others. Notably, it also extends to third-party technology service providers.
The technical standards introduced by DORA are not only aimed at ensuring financial resilience but also require timely detection and recovery from ICT-related incidents. To achieve compliance, financial institutions must have adequate tools for understanding, monitoring, and reporting risks in their ICT landscape.
By aligning IT strategies with regulatory requirements, EA helps organizations build a robust framework that supports both financial and operational resilience. This involves identifying risks with applications, data flows, and processes and designing a resilient ICT infrastructure that is safeguarded against future challenges.
At the same time, Enterprise Architecture offers mechanisms for documenting and reporting compliance efforts. This ensures that financial institutions can not only meet but sustain DORA requirements, and maintain their operational integrity.