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The financial entities operating within the EU, as well as third-partyserviceproviders outside the EU that engage with financial institutions located within the EU, are required to comply with DORA by 17 January 2025. This is where VISTA InfoSec’s expert consulting and audit service comes into play.
The DORA compliance checklist The DORA compliance checklist is a thorough and proactive approach designed to make compliance easier to adopt for financial organizations and ICT third-partyserviceproviders. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.
The financial entities operating within the EU, as well as third-partyserviceproviders outside the EU that engage with financial institutions located within the EU, are required to comply with DORA by 17 January 2025. This is where VISTA InfoSecs expert consulting and audit service comes into play.
The DORA compliance checklist The DORA compliance checklist is a thorough and proactive approach designed to make compliance easier to adopt for financial organizations and ICT third-partyserviceproviders. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.
The DORA compliance checklist The DORA compliance checklist is a thorough and proactive approach designed to make compliance easier to adopt for financial organizations and ICT third-partyserviceproviders. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.
The DORA compliance checklist The DORA compliance checklist is a thorough and proactive approach designed to make compliance easier to adopt for financial organizations and ICT third-partyserviceproviders. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.
PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Think of them as serviceproviders that rent their master merchant accounts to their clients. This makes it much easier and quicker for businesses to start accepting payments.
Issuance of Tokenised Securities: Intermediaries issuing Tokenised Securities remain responsible for the arrangement, regardless of outsourcing to thirdpartyserviceproviders. The SFC may provide further guidance or impose additional requirements for tokenised SFC-authorised investment products, if appropriate.
Risk management Financial institutions and third-partyserviceproviders must construct and execute a risk-based approach to detect and prevent fraudulent ACH transactions. This includes developing policies and tools to adequately identify, assess, and mitigate potential fraud.
Outsourced Reconciliation Some businesses choose to outsource their expense reconciliation tasks to third-partyserviceproviders. Outsourced reconciliation services typically involve sending expense data to a specialised firm or accounting service, which handles the reconciliation process on behalf of the business.
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