The Financial Data Access (FIDA) framework is more than just a regulatory shift—it’s an opportunity to innovate. By harmonizing financial data sharing across the EU, FIDA enables new possibilities, from personalized investment products to tailored insurance offerings. For banks and financial institutions, the key is to approach FIDA as a chance to reimagine customer engagement and unlock new value.

Understand the language of open banking with Enable's essential guide to industry abbreviations.

Fintechs, AISPs, TPPs, PISPs, aggregators – these are just a few of the new terms that have come up to describe companies working in and around the open banking ecosystem. Like the saying goes…