dora compliance kycexpert sedicii article

How KYCexpert Can Help Businesses Navigate DORA Compliance

The Digital Operational Resilience Act (DORA) took effect on 17 January 2025, imposing strict requirements across the EU. DORA aims to bolster operational resilience, focusing on ICT (Information and Communication Technology) risk management, incident reporting, and third-party oversight. Non-compliance can result in fines of up to 2% of annual global turnover or €10 million, along with reputational harm.

Key DORA Requirements
  • Risk Management: Robust ICT policies to prevent disruptions.
  • Incident Reporting: Prompt notifications to regulators.
  • Third-Party Oversight: Ensuring vendors comply with DORA standards.
  • Testing: Regular resilience audits to address vulnerabilities.
How KYCexpert Simplifies Compliance

Sedicii’s KYCexpert addresses the challenges posed by disparate and unstructured file management systems, which can hinder compliance efforts. By providing a centralised platform for data management, KYCexpert ensures seamless organisation and retrieval of critical documents, minimising the risks associated with fragmented systems.

Sedicii’s KYCexpert helps businesses streamline DORA compliance:

  1. Centralised Data: Secure and structured storage for easy access during audits.
  2. Vendor Monitoring: Continuous checks to ensure third-party compliance.
  3. Reporting: Timely and accurate submissions when required by regulators.
A Trusted Partner

With KYCexpert, financial institutions can navigate DORA requirements efficiently, reducing compliance costs and enhancing operational resilience. Find out more about KYCexpert.

This article is part of Sedicii’s ongoing thought leadership in support of Project PHACKS, an initiative focused on building collaborative communities to address complex cybersecurity and data privacy challenges. PHACKS is funded by the European Union and brings together organisations to explore new approaches to secure data collaboration utilising privacy enhancing technologies. Through this work, Sedicii contributes its expertise in advanced cryptography, secure data collaboration and digital identity to promote safer, more transparent digital ecosystems across Europe. The views expressed herein reflect the author’s perspective and do not necessarily represent those of the European Union. Learn more about Project PHACKS.

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