Regulations are nothing new to financial entities. However, the introduction of the Digital Operational Resilience Act (DORA) is set to transform how banks, insurance companies and investment firms manage third-party ICT risks. This is because the act sets out new standards for cybersecurity, incident reporting, and vendor oversight across Europe. A cornerstone of the DORA regulation states that financial organisations must regularly assess all contractual agreements and must manage third-party risk as part of their ICT third-party risk management framework. Equally, it places a strong emphasis on documentation and clear responsibility assignment across the value-chain, while regular testing and updating of frameworks is mandatory 📑 To ensure that compliance with DORA is maintained, organisations should look to deploy an AI-powered contract intelligence solution, such as Docusign Intelligent Agreement Management (IAM). The platform enables organisations to securely centralise and streamline the management of agreements with ICT service providers to meet DORA's stringent requirements for document management and third-party risk. DORA is set to come into force on 17 January 2025 📆 If you have not already done so, speak to our product experts to learn how Docusign can support you on your DORA compliance journey: https://lnkd.in/ez-Rs_Ds
Laura Antonia Ferraz’s Post
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WealthHub Solutions is proud to announce again achieving SOC 2 Type II compliance, following the rigorous standards set by the AICPA for SOC for Service Organizations (SSAE 18). This third-party validation underscores our commitment to providing enterprise-level security for customer data within the WealthHub Solutions System. Prescient Assurance, a leader in compliance attestation for B2B SaaS, conducted the audit. An unqualified SOC 2 Type II opinion confirms to our clients that their data’s security remains our top priority. #Compliance #SOC2 #DataSecurity #WealthManagement #TrustTech #FinTech #EnterpriseSecurity #UHNW #DigitalTransformation #Salesforce #FamilyOffices #RiskManagement
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Entity management tends to be complicated with standard processes, leaving Trust and Corporate Service Providers (TCSPs) stuck with manual, time-consuming tasks. 💼 TCSPs manage complex compliance duties across various functions, yet not all entity management software is designed with the connectivity needed to meet their full range of requirements. 🔍 Want to know why strong and flexible entity management is critical for TCSPs and how Custos is helping? Read more here: https://lnkd.in/d9nBpCyu #EntityManagement #TCSP #ComplianceSolutions #TrustServices #CorporateServices #AML #RegTech #ComplianceTechnology
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✅ Learn more about how SysRisk can help you manage vendor compliance efficiently — sysonex.com/SysRisk Optimize Vendor Compliance: Track KPIs and SLAs for Effective Performance Management with SysRisk Ensure your vendors stay compliant and perform at their best with SysRisk’s powerful tracking tools. Here’s how SysRisk helps you manage vendor compliance effectively: 1️⃣ KPI & SLA Tracking Monitor vendor performance against key performance indicators (KPIs) and service level agreements (SLAs) to ensure they meet their obligations and maintain quality standards. 2️⃣ Scorecards for Performance Evaluation SysRisk provides detailed scorecards that give you a clear view of each vendor’s compliance and performance, making it easy to identify areas for improvement. 3️⃣ Automated Alerts Receive real-time alerts when vendors fail to meet SLAs or KPIs, enabling you to address issues immediately and maintain smooth operations. 4️⃣ Proactive Compliance Management With SysRisk’s automated tools, you can ensure your vendors remain compliant with regulations and performance requirements, reducing the risk of costly disruptions. Why SysRisk? SysRisk helps you optimize vendor compliance by tracking KPIs, SLAs, and using scorecards and alerts to keep vendors accountable and your business secure. #SysRisk #VendorCompliance #KPITracking #SLAManagement #PerformanceManagement #Scorecards #AutomatedAlerts #VendorManagement #RiskManagement #BusinessContinuity #OperationalExcellence
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🚀 Thinking about switching to e-Contract Management? Before you launch into digital transformation, it’s essential to plan ahead. From legal compliance to data storage and security, there are a few things you need to get right. Our latest blog breaks down 10 key considerations that will help you make a smooth transition—without the headaches. 📄 Check it out here: 10 Key Considerations Before Switching to e-Contract Management With the right tools, managing contracts doesn’t have to be complicated. Say goodbye to manual paperwork and hello to efficiency! 🌐 ☎️ 1300 699 322 📧 [email protected] #eContractManagement #DigitalTransformation #ContractManagement #BusinessOptimisation
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🚀 Don’t miss out! There’s still time to register for our 5th Dec Webinar: DORA Regulation: How Can AI Help? 👉 https://events.docusign.com/dora_webinar_compliance/begin?c_2080266=https%3A%2F%2F2.gy-118.workers.dev/%3A443%2Fhttps%2Fwww.docusign.com%2F