FiDA is Mandatory – Innovation is Your Opportunity

Are you ready for the new era of Open Finance in Europe?

With the Financial Data Access Regulation (FiDA), the EU is laying the foundation for a fair, secure, and innovative financial data market. Banks, insurers, and other financial institutions will be required to provide structured financial data via standardized, real-time interfaces – at the request of customers and with their explicit consent.

What does this mean for your organization?

FiDA imposes significant requirements regarding data protection, interoperability, governance, and technical implementation – and demands a fundamental rethink of data strategies, business models, and IT architectures. At the same time, FiDA opens up new opportunities for data-driven innovation, customer-centric services, and an active role within the Open Finance ecosystem.

Our Services for FiDA

INNOVECS supports you step by step in implementing FiDA – modular, efficient, and future-ready:

  • Strategy & Target Vision
    • Clarification of your role (data holder or data user)
    • Development of your positioning and business models within the Open Finance landscape
  • Readiness Check & Compliance
    • GAP analysis covering GDPR, DORA, IAM, and consent management
    • Identification of risks, action areas, and gaps – supported by AI
  • Architecture & Implementation
    • API design and integration with FDSS (Financial Data Sharing Schemes)
    • Dashboard concepts and end-to-end processes for real-time data delivery
  • Innovation & Ideation
    • Workshops to develop ideas for data-based products and services
    • AI-supported generation of use case ideas