FiDA – Chances and Challenges for the Financial Sector

On June 28, 2023, the EU Commission presented the draft Financial Data Access Regulation (FiDA) – a decisive step in the further development of open banking towards open finance. This new regulation significantly expands the scope of application: in addition to banks, insurance companies are now also affected by the obligation to grant authorized third-party providers standardized access to customer data. However, this new regulation in the financial sector not only offers new obligations, but also numerous opportunities.

FiDA presents financial companies with the challenge of adapting to a completely new form of data sharing and use. In future, customers are to be given even more control over their data and at the same time benefit from more personalized services. But what does this mean in concrete terms for the financial sector? What new business areas are emerging and how can this development be used strategically?

In our webinar “FiDA – Chances and challenges for the financial sector“ on November 28th, 2024 at 9am we will highlight the most important aspects of the regulation and demonstrate practical solutions for the financial sector:

• How is access to customer data regulated via standardized APIs?
• What kind of data is affected?
• How can financial companies benefit from FiDA and strengthen their competitive position?
• What impact does FiDA have on data protection and customer data sovereignty?

Our webinar offers you the opportunity to gain valuable insights into the upcoming changes from experts and to develop concrete strategies for dealing with FiDA. Find out how you can make the most of the new framework conditions for your company and what steps you should take now to prepare for the introduction.

Register now and secure your knowledge advantage in a changing financial world!