Stay informed - latest FiDA Updates
Follow the latest updates, developments and comments on Open Finance!
Follow the latest updates, developments and comments on Open Finance!
The FiDA Open Finance Dialogue is at the forefront of shaping the future of finance in Europe.
With the upcoming FiDA regulation paving the way for open data access and standardized information sharing, staying informed and prepared is essential. In this section, we’ll provide the latest updates on trends, insights, and innovations driving the Open Finance revolution. From expert analyses to success stories, this is your hub for understanding the key developments shaping financial institutions, fintechs, and other ecosystem players.
Useful links:
On February 10, 2025, the future of the Financial Data Access (FiDA) initiative took an unexpected turn. A leaked working paper from the European Commission revealed that FiDA had been placed under Annex IV, the annex for withdrawals, effectively signaling its potential abandonment.
The article on BaFin's website explores the groundbreaking potential of Open Finance for financial institutions. Envision a future where your customers' financial data, from banking to insurance, is seamlessly accessible to third parties with their consent.
Based on the various roles, we have developed a comprehensive overview that assesses the impact of FiDA on different departments within a financial institution. Additionally, we have defined specific personas to highlight the challenges and opportunities they may encounter in their respective roles.
The FiDA Regulation enables consumers and businesses in the EU to securely share their financial data with chosen third parties, promoting open finance. It expands on PSD2 by including more financial sectors like insurance and investments, fostering innovation and competition. Strong data protection and consumer rights are central to its framework.
Here you will find our discussed opportunities for collaboration in the open finance ecosystem, but above all how financial institutions within the open finance dialogue can best position themselves for the new regulation at an early stage and benefit from each other.
