DORA Compliance: Are You Ready for Tomorrow's Deadline?

Jan 16, 2025


As the EU's Digital Operational Resilience Act (DORA) comes into effect tomorrow, January 17th, 2025, financial institutions are racing against time to ensure their third-party risk management (TPRM) frameworks meet the new requirements. Recent studies show that only a third of banking organizations feel confident in their DORA compliance readiness – a concerning statistic given the substantial penalties for non-compliance.

The DORA TPRM Challenge

DORA introduces stringent requirements for managing ICT third-party risk, requiring financial institutions to:

  • Maintain comprehensive oversight of all ICT third-party providers

  • Implement continuous monitoring of third-party security posture

  • Conduct regular risk assessments and due diligence

  • Ensure proper documentation and audit trails

  • Monitor for potential security incidents and breaches

Why Traditional Approaches Fall Short

Many organizations are still relying on manual processes and disconnected systems to manage their third-party relationships. This approach is not only time-consuming but also prone to errors and gaps in oversight – exactly what DORA aims to address. With penalties of up to €10 million or 2% of annual turnover for non-compliance, the stakes are too high for inefficient processes.

Automating DORA Compliance with Vendifi

Vendifi's platform offers a comprehensive solution for DORA's TPRM requirements, built natively within your Microsoft environment:

  1. Automated Third-Party Monitoring

  • Real-time security posture monitoring

  • Automated alerts for security incidents and breaches

  • Continuous compliance status tracking

  1. Streamlined Due Diligence

  • Automated questionnaire management

  • Digital document collection and verification

  • Centralized compliance documentation

  1. Risk Assessment and Reporting

  • Automated risk scoring

  • Customizable assessment frameworks

  • Comprehensive audit trails

  1. Contract Management

  • Automated renewal tracking

  • Digital contract repository

  • Compliance obligation monitoring

Fast-Track Your DORA Compliance

With DORA's deadline upon us, organizations need solutions that can be implemented quickly and effectively. Vendifi's platform, built on your existing Microsoft infrastructure, offers rapid deployment and immediate visibility into your third-party risk landscape.

Get Our DORA Compliance Guide

To help organizations navigate DORA's TPRM requirements, we've created a comprehensive compliance guide. This resource provides detailed insights into:

  • DORA's specific TPRM requirements

  • Implementation strategies

  • Best practices for ongoing compliance

  • Key deadlines and milestones

Get the guide:

Take Action Now

With DORA enforcement beginning tomorrow, there's no time to waste. Contact us today to:

  • Get our DORA Compliance Guide

  • Schedule a platform demo

  • Discuss your specific compliance needs


Email contact-us@vendifi.io or visit vendifi.io to learn how we can help you achieve and maintain DORA compliance.

Remember: DORA compliance isn't just about meeting regulatory requirements – it's about building a resilient operational framework that protects your organization and your customers.

Let Vendifi help you transform your TPRM processes for the digital age.