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:
Automated Third-Party Monitoring
Real-time security posture monitoring
Automated alerts for security incidents and breaches
Continuous compliance status tracking
Streamlined Due Diligence
Automated questionnaire management
Digital document collection and verification
Centralized compliance documentation
Risk Assessment and Reporting
Automated risk scoring
Customizable assessment frameworks
Comprehensive audit trails
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.