Rinesh Patel
FRAUD DETECTION
Rinesh Patel
Global Head of Financial Services Industry Snowflake
DORA FOSTERS COLLABORATION ACROSS THE INDUSTRY , REQUIRING STAKEHOLDERS TO WORK TOGETHER AND SHARE INFORMATION
Rinesh Patel
What have been the implementation challenges and requirements ? Adaptation may have involved significant investments in technology , resources , staff and time . There are also stricter requirements on managing risks associated with third-party ICT service providers , requiring additional due diligence .
Walk us through DORA ’ s benefits and the prospect of collaboration Despite the challenges , the benefits of the regulation are significant . A proactive approach to ICT risks could lead to reduced cyber disruptions , faster recovery times and strengthened customer and investor confidence . DORA also fosters collaboration across the industry , requiring stakeholders to work together and share information , helping to develop a more secure foundation for new ideas .
How does DORA impact service providers ? The most reliable service providers enables customers to mobilise their data with near-unlimited scale , concurrency and performance while keeping the organisation ’ s data secure .
DORA offers a welcome opportunity for financial service organisations to rethink their cloud and data strategies , ensuring they could efficiently shift data and workloads to avoid downtime or outages and improve resilience .
52 February 2025