Pace announces strategic partnership with Gieom to ensure DORA compliance for financial institutions

Pace has announced a strategic partnership with Gieom, a global leader in operational resilience, risk management, and enterprise productivity solutions, for their DORA 360 solution.

DORA 360 is an end-to-end operational resilience and risk management platform that simplifies the management of policies, standard operating procedures, and regulatory compliance for DORA and other regulatory frameworks, including the UK PRA Operational Resilience initiative, NIST, ITIL and ISO. An out-of-the-box solution, DORA 360 comes pre-loaded with DORA regulations, technical standards and interconnections between Articles.

The partnership combines Gieom’s end-to-end operational resilience management capabilities with Pace’s business transformation expertise and delivery track record. This enables customers to proactively embed and future proof operational resilience across their organisations in an optimal way, leveraging smart automations and Generative AI.

Together, Pace and Gieom will offer customers a holistic, sustainable compliance, risk and operational resilience offering extending into outsourced suppliers and critical third parties.

Nigel Kilpatrick, Director of Growth of Pace, commented: “Pace works with organisations that are looking to unlock potential from its people, systems and data. We’re excited to venture into a new market with this offering, alongside Gieom. Together, we are helping customers realise the value of their data in relation to operational resilience. We look forward to providing organisations with the opportunity to harness human autonomy, the concept of protecting the freedom of workforces to make decisions and take ownership of their work, whilst being aided by compliant, efficient processes and systems.”

Vinod Menon, Chief Products Officer at Gieom, said: “Since DORA came into effect on 17^th January 2025, complexities surrounding the creation of the Register of Information for critical third-party suppliers, continuous monitoring of compliance status, managing incidents within tight deadlines and reporting to the Regulator when required to do so have hit home. We are delighted to be partnering with Pace whose expertise in transformation and project delivery will help banks and insurance firms tackle these challenges and accelerate their pathway to compliance.”