FIDA

Regulations

Financial Data Access Regulation

Definition

FIDA is an upcoming EU regulation that will extend Open Finance beyond payments to cover savings, investments, mortgages, pensions, and insurance. FIDA represents the evolution from Open Banking to comprehensive Open Finance in the European Union.

Related Terms

Frequently Asked Questions

What is Financial Data Access Regulation?

FIDA is an upcoming EU regulation that will extend Open Finance beyond payments to cover savings, investments, mortgages, pensions, and insurance. FIDA represents the evolution from Open Banking to comprehensive Open Finance in the European Union.

What does FIDA stand for in Open Banking?

FIDA stands for Financial Data Access Regulation. It is a fundamental concept in Open Banking and PSD2 regulations. FIDA is an upcoming EU regulation that will extend Open Finance beyond payments to cover savings, investments, mortgages, pensions, and insurance. FIDA represents the evolution from Open Banking to comprehensive Open Finance in the European Union.

How does FIDA affect Open Banking?

Financial Data Access Regulation is a regulatory framework that shapes how Open Banking operates. It establishes requirements for data sharing, security, and consumer protection that all participants in the ecosystem must follow.

More Regulations Terms

DORA

Digital Operational Resilience ActThe Digital Operational Resilience Act is an EU regulation that sets ICT security standards for fina...

DPDI Bill

Data Protection and Digital Information BillThe Data Protection and Digital Information Bill is a piece of UK legislation that makes changes to ...

EBA RTS

European Banking Authority Regulatory Technical StandardsThe European Banking Authority develops Regulatory Technical Standards which are submitted to the Eu...

eIDAS

Electronic Identification, Authentication and Trust ServiceseIDAS is an EU regulation on electronic identification and trust services for electronic transaction...

GDPR

General Data Protection RegulationThe General Data Protection Regulation is a regulation by which the European Parliament, the Europea...

PSD2

Payment Services Directive 2The Payment Services Directive 2015/2366, as amended or updated from time to time, including the ass...

Explore More Open Banking Resources

Dive deeper into the Open Banking ecosystem with our comprehensive directories.

Interested in more insights?

Banq builds data products and ecosystem solutions for bank and fintech providers.

Join our private beta