Formalize
🇩🇰 DK
DORA compliance platform for financial institutions
Features
Risk management
- Risk settings and scoring
- Risk mitigation workflows
- Connection of compliance work to risk management
Frameworks and compliance
- Framework management
- Controls mapped across standards
- Support for DORA, NIS2, GDPR, ISO 27001, ISO 22301
Policies and workflows
- Policy publishing and acceptance
- Approval flows
- Task management
- Workflow builder
Incidents and audits
- Incident management
- Connections to risks and organizational assets
- Dedicated audit module
Third-party management
- Central view of vendors, suppliers, and ICT providers
- Classification by type, risk, or regulatory relevance
Data governance and privacy
- Processing-activity records (RoPA)
- Data-subject requests
- DPIA and transfer-impact-assessment workflows
Reporting and evidence
- Dashboards and statistics
- Data reports
- Evidence collection
Pricing
Pricing is tailored and provided upon quote request.
EU Trust Profile
What we verified against public sources, last checked 2026-11-03. Every point links to its evidence.
- Evidence →EU data residency
All data and backups are stored with AWS in Frankfurt, Germany.
- Evidence →European legal entity
Formalize ApS is identified as the data controller with an address in Aarhus, Denmark.
- Evidence →Data Processing Agreement (DPA)
An ISAE 3000 Type 2 report covers information security and data protection measures in relation to the data processor agreement.
- Evidence →Public sub-processor list
The sub-processor list is available through the Trust Center or upon request.
- Evidence →ISO 27001
Formalize has implemented the ISO/IEC 27001:2022 management system.
- Evidence →Documented data export
Custom reports can be exported as Excel or CSV. XML export is documented for specific reporting workflows.
We list only what we could verify against a public source on the check date. A point that is absent was not established either way — it is not a finding against the vendor. The vendor's own information prevails.
Work at Formalize?
This badge is free for every vendor we list and has no bearing on the order of any list. It is issued on the basis of a verified European headquarters (DK) and the compliance points we checked against public sources — the date on it is the date we last checked.
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Reviews
Recurring themes, synthesized from public reviews across portals.
What users value
- Intuitive interface for administrators and reporters
- Clear reporting pages requiring no training for submitters
- Structured case handling with process-flow visibility
- Tools for assigning cases, tracking deadlines, and anonymous reporter communication
- Support for EU whistleblowing compliance requirements
- Responsive chat and fast issue resolution
- Affordable pricing for the value delivered
Where users see room to improve
- · Internal time required to configure workflows and transfer data
- · Limited built-in frameworks (e.g., MiCA, ISO 9001) requiring custom setups
- · Telephone channel and language support could be improved
Integrations
Formalize: frequently asked questions
- Which tools does Formalize integrate with?
- Formalize connects with Slack, Microsoft Teams, Jira, SAML/Okta, Microsoft Entra ID, Azure Active Directory, Google Workspace and API.
- Where does Formalize store its data?
- All data and backups are stored with AWS in Frankfurt, Germany. An ISAE 3000 Type 2 report covers information security and data protection measures in relation to the data processor agreement.
Other vendors in DORA Compliance Software
- cleversoft🇩🇪AI-powered AML, KYC compliance and regulatory reporting software for financial institutions
- Athereon GRC🇩🇪Compliance and regulatory management SaaS for supplier certificates and risk assessments
- CERRIX🇳🇱DORA compliance and GRC platform for financial institutions
- HiScout🇩🇪German GRC suite for DORA, NIS-2 and ISO 27001 compliance
Feature, pricing and integration details are based on web research (as of 2026-11-03), without guarantee, errors are possible. The vendor's website prevails.