Our Register of Information solution supports compliance with the Digital Operational Resilience Act (DORA), ensuring resilience against ICT disruptions. It streamlines Register creation with direct data import, centralized updates, and full traceability.
Achieve fast, compliant regulatory reporting with automated data mapping to EBA codes. Transform data into actionable insights through intuitive dashboards to enhance risk management and strategic decision-making.
Data needs to be manually mapped between the 15 excel sheets
The frequency of updates required might differ from one data point to another.
Beside versioning, there is no track of changes made by the different users.
Regulators may request specific sections of the register of information
Manual data translation into EBA specific codes (EBA_bt:xZZZ)
How technology solves the regulatory challenge
Clear visibility on third-party dependencies across the sub-contracting chain.
Detecting over-reliance on specific vendors across the subcontracting chains.
A clear visibility into the register of information enables financial entities to identify their critical ICT providers, understand the specific ICT services they provide, and see which entity and function they support.
Enabling continuous assessment and adjustment of the ICT third-party strategy in line with risk management frameworks.
Using the tool reduces reporting time by at least 30%, by eliminating manual formatting, automatic row multiplication, and seamless data extraction. These features streamline the process, remove repetitive tasks, and ensure faster, more efficient reporting.
Business Elements and Spike Reply’s innovations enable enterprises to efficiently manage compliance with the Digital Operational Resilience Act (DORA). By integrating advanced AI technologies, businesses can achieve seamless collaboration, robust data security, and effective problem resolution. Our solution streamlines reporting, reduces manual tasks, and enhances strategic decision-making, ensuring resilience against ICT disruptions and fostering a proactive approach to regulatory challenges.