Introduction If your organisation wants to access financial data held by banks, insurers, or investment firms under the EU's Financial Data Access (FIDA) framework, you will need to become a Financial Information Service Provider, or FISP. FISP authorisation is not a single approval. It is a two-track process: you need regulatory authorisation from a National Competent Authority (NCA), and you need scheme membership from one or more Financial Data Sharing Schemes (FDSS). Both

Introduction When the Irish Presidency took over the EU Council chair on July 1, 2026, it inherited two financial services files that will shape how EU institutions handle financial data for the next decade. The first is MISP, the Market Integration and Supervision Package, the Presidency's headline financial services priority, targeting political agreement at October ECOFIN 2026. The second is FiDA, the Financial Data Access Regulation, currently in trilogue, with the WP FIC

The Cloud and AI Development Act (CADA, COM(2026) 502) was adopted by the European Commission on June 3, 2026. It establishes four Union assurance levels for cloud infrastructure used to process sensitive EU data. For FIDA infrastructure builders — specifically FDSS operators and FISPs — CADA Article 18 introduces cloud sovereignty obligations that run in parallel with FIDA's data-sharing requirements. This article explains what CADA is, what Article 18 requires, and how it i

The EU's Financial Data Access (FIDA) regulation is reshaping how financial institutions handle, share, and govern customer data. This guide covers everything compliance officers, CTOs, and legal teams need to know: what FIDA is, who it applies to, what obligations it creates, how it compares to PSD2 and PSD3, and what your organisation should be doing now.

The European Commission adopted the Cloud and AI Data Act (CADA) on 3 June 2026, as part of its digital tech sovereignty package. Most FIDA compliance teams have not yet mapped the connection to open finance infrastructure. Here is why they should. CADA and FIDA converge on the same infrastructure layer. Both create obligations on how and where financial institutions process and share data. Both arrive in overlapping timeframes. The organisations that understand this now will

On July 10, 2026, the European Single Access Point (ESAP) launches its Phase 1 — the EU’s new centralised platform for financial and sustainability data. For most observers, ESAP is primarily a transparency tool. For FIDA compliance infrastructure teams, it is something more: the first operational proof that the EU can build shared financial data access infrastructure at scale. This article explains what ESAP is, how it connects to FIDA, and what financial institutions buildi

On June 15, 2026, the Working Party of Financial Counsellors meets in Brussels for what is effectively the final substantive meeting under the Cyprus Presidency. Ireland takes over the EU Council Presidency on July 1 — and with it, responsibility for advancing some of the EU's most consequential financial regulation files, including FIDA. This is not a procedural formality. The decisions made — or not made — in the final weeks of the Cyprus Presidency will shape the starting

FIDA is rolling out in 2025 (expected), then in 24, 36 & 48 months, impacting credit agreements, accounts, investments & more.

Here's how we see the core principles of DORA and what they mean for CTOs. The Digital Operational Resilience Act (DORA) ( official...

On 4 December 2024, the European Council released its revised proposal ( the document ) for the Financial Data Access Regulation (FIDA),...

As Europe moves closer to implementing the Financial Data Access (FIDA) framework, the roles of data holders , data users , and consumers...

As Europe marches toward a data-driven financial future, the framework for Financial Data Access (FiDA) stands at the forefront of...

As the Financial Data Access (FiDA) regulation takes shape, it is poised to redefine the dynamics of open finance in Europe. For the...

Having a discoverability network, data users will be able to access and retrieve data from multiple financial institutions seamlessly