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Profile Software Introduces AI-Driven Solution for DORA Compliance
Profile, a leading global financial solutions provider, announces the development and release of a cutting-edge solution within its AI.Adaptive platform. This new offering is designed to assist banks and financial organisations in ensuring compliance with the DORA, the European Digital Operational Resilience Act framework.
DORA aims at strengthening the IT security and resilience of financial entities against digital disruptions. Effective from January 17th, 2025, it establishes a unified framework requiring financial institutions to ensure robust cybersecurity practices, incident reporting, and risk management. DORA enhances the operational stability and trust in the financial system by decreasing digitalization and cyber risks.
The solution leverages advanced AI algorithms to analyse existing contracts, identify discrepancies, and provide actionable recommendations for required changes, ensuring full alignment with the new regulatory framework.
Key benefits of the solution
- Innovation and Precision: Utilising AI, the solution enables rapid and accurate analysis of large volumes of contracts, delivering a comprehensive compliance roadmap.
- Cost and Time Efficiency: By automating the review and revision processes, the solution significantly reduces the need for manual intervention, cutting implementation times and associated costs.
- Accelerated Processes: Organisations can achieve DORA compliance faster, ensuring uninterrupted business continuity.
- Enhanced Resilience: Proactive compliance with DORA enhances operational resilience, safeguarding organisations against disruptions, risks, and cyber threats.
This innovative solution is available immediately and can be seamlessly integrated into existing infrastructures, ensuring a rapid return on investment. Clients benefit from Profile’s full support in implementing and tailoring the solution to their specific needs.
Mr. Evangelos Angelides, Chief Executive Officer at Profile says that “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.”
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