Whitepaper: IT Modernisation in the Financial Sector – DORA and FIDA as Regulatory Drivers and Strategic Opportunity
The European financial sector is undergoing a profound regulatory shift. At the center are two landmark EU initiatives: the Digital Operational Resilience Act (DORA) and the upcoming Financial Data Access Regulation (FIDA).
DORA mandates that financial institutions secure their IT infrastructure – especially in cloud-based and highly interconnected environments – against operational disruptions and cyber threats. FIDA, by contrast, promotes open and secure financial data access through interoperable APIs and unified governance standards.
Together, these regulations mark a turning point. They make IT modernisation a regulatory obligation – with significant strategic potential.
Together, these regulations mark a turning point. They make IT modernisation a regulatory obligation – with significant strategic potential. Financial institutions are now prompted to decouple siloed legacy systems, redesign governance structures, and build resilience and agility into their digital foundations.
Our new whitepaper explores how financial institutions can turn compliance into competitive advantage – beyond technical updates, towards sustainable digital transformation.
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Established in 2006, Projective Group is a leading Financial Services change specialist.
We are recognised within the industry as a complete solutions provider, partnering with clients in Financial Services to provide resolutions that are both holistic and pragmatic. We have evolved to become a trusted partner for companies that want to thrive and prosper in an ever-changing Financial Services landscape.