EU Names Amazon, Google and Others as ‘Critical’ Tech Providers for…

Sarah J · 2025-12-31T13:44:21.000Z

European Union regulators have designated a group of major technology companies as critical third-party computing providers for the EU’s financial industry, under the Digital Operational Resilience Act (DORA). The new classification - part of rules that took effect in January 2025 - aims to protect the bloc’s financial services from risks arising from heavy reliance on external technology infrastructure. Among the 19 companies named by the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) are the European arms of Amazon Web Services, Google Cloud and Microsoft, reflecting how integral cloud computing and digital platforms have become to banking systems across the continent. Other firms on the list include Bloomberg, IBM, London Stock Exchange Group, Orange and Tata Consultancy Services. By designating these providers as critical under DORA, EU regulators can directly supervise them and ensure that robust risk management, governance and operational resilience frameworks are in place. This move reflects European concerns that widespread dependency on a few external technology suppliers could pose systemic risks if outages, cyberattacks, or disruptions were to occur. Companies named in the designation have expressed their commitment to working with regulators. Google Cloud and the London Stock Exchange Group said they welcomed the designation, while Microsoft and Amazon representatives highlighted their ongoing efforts to comply with Europe’s cybersecurity and resilience requirements. This development comes amid broader EU debates over technology regulation and digital sovereignty, including discussions around AI oversight, privacy laws and competition rules, illustrating how European authorities are seeking to balance innovation with safeguards for critical infrastructure. #StartupEuropeIndiaNetwork #India #Tech #MarketExpansion #Science #AI #Infrastructure #EU #DigitalResilience #Finance #CloudComputing #Cybersecurity #DigitalOperationalResilience #Innovation #TechPolicy

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EU Names Amazon, Google and Others as ‘Critical’ Tech Providers for… | SEINET