§ AI Act · DORA COMPARISON

AI Act vs DORA for financial services

DORA is live since January 2025. The AI Act layers on for high-risk AI in finance. ICT third-party risk is the hinge.

Summary

DORA has been live since 17 January 2025 for all financial entities in scope. The AI Act overlays on top, primarily through Annex III §5(b) creditworthiness and §5(c) life-and-health insurance pricing — the two financial categories explicitly listed as high-risk.

The most consequential interaction is ICT third-party risk. Most financial-services AI is supplied by a third party, which means DORA Article 28 directly governs the financial entity's relationship with the AI vendor. The AI Act provider's Article 13 documentation and the DORA Article 30 contractual minima describe the same vendor in different vocabulary — practitioners build a single master agreement that satisfies both.

If an AI provider becomes large enough or systemically significant, the European Supervisory Authorities can designate it a critical ICT third-party provider (CTPP) under DORA Article 31, bringing direct EU-level oversight of that provider in addition to the AI Act regime.

Who this applies to
Financial entities under DORA scope (banks, investment firms, insurers, payment institutions, e-money institutions, CCPs, crypto-asset service providers), ICT third-party providers including AI vendors, ESAs, national financial supervisors.
Compliance deadline
DORA: in force since 17 January 2025. AI Act high-risk: 2 August 2026 (subject to Digital Omnibus).
§ Key articles

What the law says

AI Act Annex III §5(b)
AI for creditworthiness — high-risk.
AI Act Annex III §5(c)
AI for life and health insurance pricing — high-risk.
AI Act Article 27
Fundamental rights impact assessment — required for §5(b) and §5(c) private deployers.
DORA Article 6
ICT risk management framework — applies to all financial entities in scope.
DORA Article 28
ICT third-party risk management — directly applicable to AI providers supplying financial entities.
DORA Article 30
Contractual minima — what the financial entity's contract with the AI provider must include.
DORA Article 31
Critical ICT third-party providers — designation by ESAs of providers significant to the EU financial system.
DORA Article 19
Major ICT-related incident reporting — clocks and content.
§ Detail

In depth

Side-by-side

DimensionAI ActDORA
AddresseeProvider, deployer, importer, distributor of AI in the EU.Financial entities and their ICT third-party providers.
TriggerAI system in scope of Article 6 (Annex I or Annex III) or GPAI.Entity is a regulated financial entity (DORA Article 2) or an ICT TPP serving one.
Substantive controlsArticle 9–15 lifecycle controls; Article 26 deployer duties; Article 27 FRIA for §5(b)/(c).Article 6 ICT risk-management framework; Article 28 third-party risk; Articles 24–26 testing.
Incident reporting15-day serious-incident report (Art 73).Major ICT-related incident: initial 4 hours after classification; intermediate within 72 hours; final report within one month (Art 19, RTS).
Maximum fineEUR 35M / 7% (prohibited); EUR 15M / 3% (high-risk).National administrative penalties; periodic penalty payments by ESAs for CTPPs (Art 35).
Live since2 February 2025 (prohibited); 2 August 2026 (high-risk).17 January 2025.

The ICT third-party hinge

Almost every financial-services AI deployment is a third-party arrangement. DORA Article 28 governs the financial entity's relationship with the AI vendor:

Critical ICT third-party providers

DORA Article 31 lets the ESAs designate an ICT TPP as critical to the EU financial system. A CTPP is then directly supervised by the lead overseer (one of the three ESAs). For AI providers, designation triggers:

Where they overlap on operational resilience

Practical compliance for a bank or insurer

§ Action items

Practical steps

01
Build a unified vendor-onboarding pack covering DORA Article 30 + AI Act Article 13 in one document.
02
Align the DORA ICT register with the AI Act deployer-side list of providers; cross-reference per vendor.
03
Pre-classify incident types against DORA Article 19, AI Act Article 73, and GDPR Article 33 to know which clocks start when.
04
Run Article 27 FRIAs alongside the DORA digital operational resilience testing cycle.
05
Track ESA designations of CTPPs that include your AI providers — designation affects oversight, not your own duties.
§ What Fontvera found

Documents in our corpus

ai_office EU Fetched 2026-04
eiopa EU Fetched 2026-04
Opinion on Artificial Intelligence governance and risk management
eurlex EU Fetched 2026-04
EUR-Lex: 32025R0454 (2025-03-07)
ai_office EU Fetched 2026-04
ai_office EU Fetched 2026-04
§ Cross-references

Related Fontvera intelligence

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