Cryptomathic Blog The Strategic Importance of DORA Compliance for U.S.-Based BFSI Companies

The Digital Operational Resilience Act (DORA), set to become fully enforceable on January 17, 2025, represents a significant evolution in the regulatory landscape for financial institutions operating within, or engaging with, the European Union (EU). Although DORA is primarily targeted at entities within the EU, its implications extend globally, notably impacting U.S.-based banking, financial services, and insurance (BFSI) organizations that have business relationships with EU financial institutions.