Profile Software, a prominent provider of global financial solutions, has announced the launch of a new solution within its AI.Adaptive platform. This development aims to help banks and financial organizations comply with the European Digital Operational Resilience Act (DORA) framework.
The DORA framework, effective from January 17, 2025, seeks to bolster IT security and resilience among financial entities against digital disruptions. It provides a unified structure requiring robust cybersecurity practices, incident reporting, and risk management in financial institutions. The goal is to enhance operational stability and trust by reducing digitalization and cyber risks.
Profile’s solution uses advanced AI algorithms to review existing contracts, identify discrepancies, and offer actionable recommendations for necessary changes. This ensures full compliance with the new regulatory requirements.
Available immediately, this solution can be integrated into current infrastructures for a quick return on investment. Clients receive comprehensive support from Profile in implementing and customizing the solution according to their needs.
Mr. Evangelos Angelides, Chief Executive Officer at Profile, stated: “Innovation lies at the heart of our strategy. With the new solution in the AI.Adaptive platform, we empower our clients to ensure DORA compliance effectively and economically, accelerating the process and mitigating associated risks. We are proud to offer a solution that enhances resilience and competitiveness for organisations in the financial sector.”
