Financial Data Access (FIDA) & Open Finance

The European Open Finance Regulation FIDA presents both opportunities and challenges for the financial industry. The opening up of a wide range of customer-related data – from investment and credit products to insurance – goes far beyond PSD2. For financial institutions, this means preparing existing data, participating in data access schemes, providing interfaces and implementing new operational processes. However, FIDA also implies further development of their own business models, use of data for optimised customer offers and new competitive options. The articles listed here are intended to help you classify, implement and take advantage of FIDA – in order to shift the cost/benefit ratio of the regulation in your favour.