FOREWORD THE IMPACT OF DORA ON FINTECH AND FINSERV
“ The EU ’ s Digital
Operational Resilience Act marked a watershed moment for financial institutions ’ cybersecurity landscape ”
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The EU ’ s Digital Operational Resilience Act ( DORA ) marked a watershed moment for financial institutions ’ cybersecurity landscape . The regulation , which took effect in January 2024 , fundamentally altered how financial firms and their technology providers approached digital resilience .
Third-party ICT service providers , including cloud vendors and data centres , have grappled with unprecedented scrutiny of their security measures .
In this issue , we explore how organisations have shifted from action-oriented to plan-oriented approaches , with comprehensive stress-testing becoming mandatory . We look at how the regulation ’ s impact extended beyond EU borders , requiring firms to revise risk assessments , policies , and IT infrastructures .
Elsewhere , we highlight the life and career of Adyen Co-founder Pieter Van Der Does , and analyse how tokenisation has propelled a surge in digital transaction volumes .
Make sure to also check out our piece on the shifting roles of CIOs and CTOs , and , as always , catch our Top 10 for February . This month , it ’ s the Top 10 fintech influencers .
Louis Thompsett
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