Company Profile

Avenga is your reliable DORA readiness partner. We are a global IT consulting and engineering platform whose experts have decades of experience of empowering banks, institutional investors, wealth and asset managers, and fintech companies to dominate the turbulent and competitive financial market with custom, professionally built financial software solutions.

We empower businesses’ digital endeavors by delivering results from 31 locations in Germany, Poland, Ukraine, Malaysia, Malta, Argentina, Portugal, and the USA. With 4300+ experts aboard, we are a technology-agnostic IT powerhouse that drives value in many industries, with financial services and banking standing out as one of our core competencies. 

An end-to-end software development vendor, Avenga remains steadfast in our commitment to delivering comprehensive solutions through constant expertise evolution. From conceptualization and design to development, testing, deployment, and maintenance, our team of qualified professionals ensures seamless, efficient, and transparent engineering processes. We deliver robust, scalable, and cutting-edge software on a turnkey basis, providing our clients with a decisive competitive advantage through our expert end-to-end project management.

Recognizing the pivotal role of technology in the financial sector, we have made substantial investments in developing expertise tailored to meet industry demands. Our deep understanding of financial processes and regulations positions us as a trusted partner for businesses seeking software solutions aligned with their unique financial objectives. 

While navigating the intricate landscape of financial regulatory frameworks is a challenging feat, Avenga excels in this area by staying ahead of evolving regulations, ensuring clients meet current compliance standards and are equipped to anticipate future changes. 

As the Digital Operational Resilience Act (DORA) is about to profoundly reshape how data is managed, maintained and processed in the financial sector, Avenga's in-depth knowledge and experience make us the premier partner for companies seeking to fortify their digital operational resilience and comply with DORA requirements. 

We are well-versed in the regulation's intricacies which allows us to give clients the tools and skills necessary to navigate its complexities with ease. Our expertise allows us to meticulously assess your current technology stack, work collaboratively to identify areas needing improvement, and develop a clear roadmap for achieving DORA compliance. Once your existing systems are future-proofed, your organization can safely proceed to developing highly custom DORA-compliant financial software. This ensures a smooth and efficient path not only to compliance but also empowers you to launch new software with confidence.

By aiding in adherence to DORA, we also contribute to creating a robust security environment for client operations, resulting in a substantial risk reduction and heightened confidence within the organization. Ultimately, DORA is a massive opportunity to create a stronger bond of trust between your organization and the customer. And we are here to help you capitalize on it.

So, if you seek to enhance your organization's DORA readiness, Avenga is ready to assist. Reach out to us, and our team of experts will conduct a comprehensive assessment of your current status. With a focus on efficiency and precision, we will identify areas requiring attention and help implement measures to meet the demands of the regulation, resulting in a strengthened security environment and heightened client trust, which will undoubtedly set the foundation for sustained success in an ever-evolving financial landscape.

DORA Readiness Assessments

Conducting a DORA readiness assessment is both beneficial and required for several reasons, particularly for financial entities operating within the EU. Here are the key points that highlight its importance:

Compliance with EU Regulations: The Digital Operational Resilience Act (DORA) sets forth specific requirements for financial entities to ensure their digital operational resilience. A readiness assessment helps entities identify where they stand in relation to these requirements, ensuring they are compliant and avoid potential penalties.

Identification of Gaps: Through a DORA readiness assessment, organizations can systematically identify gaps in their current digital operational resilience practices. This includes areas such as ICT risk management, incident reporting, digital operational resilience testing, and third-party risk management. Identifying these gaps early allows for timely remediation.

Prioritization of Risks and Mitigation Strategies: The assessment not only identifies gaps but also helps in prioritizing identified risks based on their potential impact on the organization. This prioritization is crucial for allocating resources effectively and developing targeted mitigation strategies.

Enhanced Operational Resilience: By addressing the requirements of DORA, organizations can enhance their overall operational resilience against ICT risks. This includes better preparedness for cyber incidents, improved incident response mechanisms, and stronger resilience of critical ICT systems and functions.

Strategic Planning and Investment: The readiness assessment provides valuable insights that can inform strategic planning and investment decisions. Organizations can use the findings to allocate budgets more effectively, focusing on areas that will significantly enhance their digital operational resilience.

Market Confidence and Competitive Advantage: Demonstrating compliance with DORA can enhance an organization's reputation in the market. It signals to customers, partners, and regulators that the entity takes its digital operational resilience seriously, potentially offering a competitive advantage.

Alignment with Broader EU Cybersecurity Framework: DORA is part of a broader EU cybersecurity framework. A readiness assessment helps ensure that an organization's practices are aligned not only with DORA but also with other relevant EU cybersecurity regulations and standards, fostering a holistic approach to cybersecurity and resilience.

In summary, a DORA readiness assessment is a critical step for financial entities in the EU to ensure compliance, enhance their digital operational resilience, and strategically manage ICT risks. It provides a structured approach to identifying and addressing gaps, prioritizing risks, and aligning with broader cybersecurity objectives.