DORA
RegulationsDigital Operational Resilience Act
Definition
The Digital Operational Resilience Act is an EU regulation that sets ICT security standards for financial entities. DORA impacts Open Banking API security and incident reporting requirements, ensuring that financial institutions maintain robust digital resilience.
Related Terms
Frequently Asked Questions
What is Digital Operational Resilience Act?
The Digital Operational Resilience Act is an EU regulation that sets ICT security standards for financial entities. DORA impacts Open Banking API security and incident reporting requirements, ensuring that financial institutions maintain robust digital resilience.
What does DORA stand for in Open Banking?
DORA stands for Digital Operational Resilience Act. It is a fundamental concept in Open Banking and PSD2 regulations. The Digital Operational Resilience Act is an EU regulation that sets ICT security standards for financial entities. DORA impacts Open Banking API security and incident reporting requirements, ensuring that financial institutions maintain robust digital resilience.
How does DORA affect Open Banking?
Digital Operational Resilience Act is a regulatory framework that shapes how Open Banking operates. It establishes requirements for data sharing, security, and consumer protection that all participants in the ecosystem must follow.
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