Use Case: DORA - apinity.io

Empower your operations with a centralized solution that meets DORA’s stringent requirements for third-party ICT management in insurance and banking, ensuring seamless oversight, real-time monitoring, and enhanced incident response capabilities

Challenge

In response to the rising concerns over digital risks and cybersecurity, the European Union introduced the Digital Operational Resilience Act (DORA), which will take full effect by early 2025. This regulation mandates that financial entities and third-party ICT providers must be prepared to withstand, respond to, and recover from any ICT-related disruptions.

To meet these standards, third-party ICT service providers supporting financial institutions are required to implement robust operational resilience measures and comply with strict oversight rules. These measures are essential to safeguarding service delivery and minimizing potential risks associated with ICT incidents.

Opportunity

DORA’s primary objective is to enhance the digital operational resilience of financial institutions and their third-party ICT providers. This regulation not only imposes challenges but also presents significant opportunities for organizations to strengthen their operational frameworks. By finding effective and efficient ways to comply, financial entities and ICT providers can bolster their resilience, improve their service reliability, and build trust within the market.

DORA compliance can become a catalyst for innovation, encouraging the adoption of best practices that ensure sustained operational performance while balancing the necessary compliance efforts.

Our SaaS Solution

apinity’s API platform effectively meets DORA’s requirements for Third-Party ICT Provider Management. apinity supports essential compliance processes by conducting DORA maturity assessments on providers, providing transparency on API service quality, and facilitating both regular and event-based mandatory DORA reporting. Key features include real-time API monitoring, robust incident response mechanisms, comprehensive analytics, and tools for generating detailed compliance reports.

By leveraging apinity’s solution, ICT providers can confidently adhere to DORA mandates, enabling seamless API integration, protecting operational infrastructure, and allowing the financial sector to thrive within a secure and regulated framework.

apinity's DORA Hub Model reduces complexity

Direct model

Many direct connections lead to high complexity that must be managed

Hub model

Reduces complexity as individual connections are maintained through the hub

Key benefits

Reduce DORA Effort – Manage Multiple Services Simultaneously

DORA introduces the challenge of monitoring numerous individual services concurrently while ensuring prompt responses to changes under tight deadlines.

apinity’s platform functions as a centralized hub that automatically oversees API service quality, detects degradation, and promptly alerts users, facilitating proactive management and compliance.

Third-Party Maturity Assessment

apinity conducts risk-based assessments on providers to evaluate their information security and DORA maturity.

These assessments provide valuable insights for consumers' purchasing decisions and support the Third-Party Risk Management (TPRM) process during the onboarding of new providers.

Real-Time Monitoring of API Quality and Resilience

apinity’s platform offers continuous real-time monitoring of API performance, with independent detection of service quality degradation that does not rely solely on provider notifications.

The platform’s comprehensive analytics and detailed compliance reports enhance transparency and document API service usage and performance effectively.

Respond to Incidents Quickly and Efficiently

Timely incident response is crucial to minimizing impact. apinity’s real-time monitoring, combined with its robust alerting capabilities, ensures swift reaction times.

All relevant incident information is consolidated in one place, enabling efficient coordination among all involved parties — customers, service providers, and platform providers — to streamline incident resolution.

Our solution is designed to enable companies to start a compliant API marketplace without any development efforts simplifying integrations, driving adoption and ensuring the governance of APIs

If you still have questions or you`re unsure about choosing us over similiar products, you can send us an email or scedule a free call to find out more.

Where is your SaaS solution hosted? 

Azure Western Europe

How long does it take to launch my own API marketplace?

Our solution can be provided within one week

Where does the team of apinity operate 

Our headquater and most of the development take place in munich but we also have a subsidiary in Spain  