FIDA Update: The EU’s journey to Open Finance Over two years ago, the EU Commission has published its proposal for a Regulation on financial data access (commonly known as “FIDA Regulation”) that is aimed to create the very first regulatory framework on open finance
International Fund for Agricultural Development (IFAD) IFAD is an international financial institution and a specialized agency of the United Nations exclusively dedicated to transforming agriculture, rural economies and food systems
Financial Data Access Regulation (FIDA): April 2025 Update The FIDA regulation is currently under review by the European Parliament and the Council of the European Union Adoption is expected in 2025, with transitional periods to allow businesses and regulators to adapt to the new framework
What is Financial Data Access (FiDA), and how to get ready? The Financial Data Access (FIDA) regulation is a framework proposal designed to enhance and secure the sharing and access of financial data across the European Economic Area (EEA) and is part of the European strategy for data
EU FiDA Regulation Changes Target Big Tech Exclusion in 2025 The EU Commission is amending FiDA regulation to exclude Big Tech companies and large corporations while focusing on individuals and SMEs New proposals significantly reduce compliance costs by limiting data scope and excluding transaction data older than ten years