Article

FiDA and Open Finance: When data becomes a competitive advantage

NEWS 01/2026

FiDA will be a major milestone on the path towards a digital, customer-centric open finance ecosystem. But open finance is much more than that – it is an overarching, long-term trend that is already well established in the market.

Customer Magazin NEWS 01/2026, msg for banking

The European financial sector is undergoing change

A fundamental structural shift is emerging in the European financial sector, one that goes far beyond individual regulatory measures. With the Financial Data Access (FIDA) regulatory framework, the EU is driving a key component of this change, but the real driving force is the overarching trend towards open finance.

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Sebastian Pawlowski

Sebastian Pawlowski

advises banks and financial institutions as a Senior IT Consultant at msg for banking. As an expert in the Open Finance Excellence Community, he develops innovative, data-driven open finance use cases in collaboration with our partners.