Open Finance · FIDA
Ready for the regulation
before it arrives.
Open Banking made banks share payment data. Open Finance extends that to savings, investments, pensions and insurance. The EU law for it is FIDA, the Financial Data Access Regulation.
What FIDA asks of you
When a customer agrees, you must share their data with authorised third parties, through one standard interface. The customer can withdraw consent at any time, and every exchange must be on record.
The dates are still being negotiated in the EU, so treat any deadline as provisional.
Where OneBoard fits
Consent, permissions, one standard format and an audit record: OneBoard already works this way. Start now and you are ready when the law applies.
- One standard way to access financial data
- Consent the customer can withdraw
- GDPR-compliant
- Built for DORA
- Open to third-party service providers
- A record of every exchange