Term defined by DORA for IT and communication services provided to financial entities.
DORA defines ICT services (Information and Communication Technology) very broadly: digital services and data services that are continuously provided via ICT systems, including hardware-related support. If a provider delivers such services to a financial entity, it is classified as an ICT third-party service provider and is subject to the corresponding DORA obligations of its clients. Financial entities are required to record all such services in an information register. For particularly critical providers, DORA even provides for direct European supervisory oversight.
Those who provide ICT services to financial entities automatically become part of their DORA obligations — often without initially being aware of it. The client is required to record you in their information register, agree on specific contractual clauses, and monitor you on an ongoing basis. This leads to recurring questionnaires, requests for evidence, and contract adjustments. Those who handle these requirements efficiently become the preferred ICT partner in the financial sector.
With Tendry, you answer the inquiries that arise from your role as an ICT third-party service provider quickly and verifiably from verified knowledge. This allows you to remain capable of delivery in the regulated financial sector without any additional effort.
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