Article

FiDA and Open Finance: When data becomes a competitive advantage

NEWS 01/2026

FiDA will be a major milestone on the path towards a digital, customer-centric open finance ecosystem. But open finance is much more than that – it is an overarching, long-term trend that is already well established in the market.
Sebastian PawlowskiSebastian Pawlowski
advises banks and financial institutions as a Senior IT Consultant at msg for banking. As an expert in the Open Finance Excellence Community, he develops innovative, data-driven open finance use cases in collaboration with our partners.
Hendrik BodeHendrik Bode
advises msg for banking in the area of banking & digital services commercial banks. In addition, as an expert, he heads the Open Finance Excellence Community, which focuses on topics such as open banking payments, IT security in open finance ecosystems, and open finance innovation.
Markus KraftMarkus Kraft
is Head of Banking & Digital Services Commercial Banks, responsible for IT projects in the southern German customer segment. He is also responsible for retail banking and open finance. His focus is on the targeted development and selection of employees for the successful implementation of IT projects, as well as the ideation, design, and implementation of tailor-made open finance solutions.
08/04/26
195 views
8 minutes reading time
Open Banking, Regulatory Law
FiDA and Open Finance: When data becomes a competitive advantage

The European financial sector is undergoing change

A fundamental structural shift is emerging in the European financial sector, one that goes far beyond individual regulatory measures. With the Financial Data Access (FIDA) regulatory framework, the EU is driving a key component of this change, but the real driving force is the overarching trend towards open finance.

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