Helping organizations achieve operational resilience with DORA-ready content
PORTLAND, Ore.—October 29, 2024 – NAVEX, the global leader in integrated risk and compliance management solutions, today announced the launch of its DORA-ready regulatory content available on the NAVEX One platform. This content offering provides financial institutions with a streamlined approach to meet the Digital Operational Resilience Act (DORA) requirements using NAVEX’s comprehensive risk management capabilities.
The NAVEX One platform now offers a powerful on-ramp for organizations looking to align their risk management practices with DORA regulations. By integrating DORA-specific content and controls into its existing IRM framework, NAVEX enables financial institutions to:
- Gain a holistic view of their operational resilience risks
- Map policies and controls directly to DORA requirements
- Automate risk assessments and control effectiveness evaluations
- Generate comprehensive reports for regulatory compliance
“As financial institutions prepare for DORA compliance, our integrated platform provides a robust foundation for managing operational resilience risks,” said A.G. Lambert, chief product officer at NAVEX. “With the NAVEX One platform, organizations can meet regulatory requirements and drive overall business value through improved risk governance.”
Key features of the DORA-ready IRM solution include:
- Centralized risk and compliance management: Consolidate all DORA-related activities within a unified platform.
- Policy and control effectiveness tracking: Directly link policies and controls to specific DORA requirements, ensuring comprehensive coverage.
- Automated risk assessments: Streamline identifying, assessing, and prioritizing operational resilience risks.
- Real-time risk visibility: Access interactive dashboards and reports for timely insights into your organization’s DORA compliance status.
- Scalable framework: Adapt controls and processes as DORA requirements evolve, ensuring long-term compliance and auditability.
The NAVEX One platform’s integrated approach allows financial institutions to move beyond siloed risk management practices, fostering a culture of proactive governance across the organization. Companies starting now can meet the January 17, 2025 deadline and achieve greater operational efficiency and resilience by connecting DORA compliance efforts with broader risk management initiatives.
“Our DORA-ready content on NAVEX One demonstrates our commitment to helping clients more easily navigate complex regulatory landscapes,” added Kyle Martin, vice president of risk governance at NAVEX. “We’re providing a compliance tool and a comprehensive risk management ecosystem that drives business value and operational excellence.”
Financial institutions interested in learning more about NAVEX’s DORA-ready IRM solution can visit the NAVEX website or contact a NAVEX representative for a personalized demonstration.
About NAVEX
NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver our solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system.