Navigating DORA Compliance: Software Development Requirements for Financial Services Companies
Regulatory compliance is a common and critical part of today’s rapidly evolving financial services landscape. One new regulation that EU financial institutions must adhere to is the Digital Operational Resilience Act (DORA), enacted to enhance the operational resilience of digital financial services. The BCI Supply Chain Resilience Report 2023 highlighted that 45.7% of organizations experienced supply chain disruptions with their closest suppliers, which is more than double the pre-pandemic levels.