OPEN-FINANCE-EU

Open Finance EU open data / decentralized identity standard.

Définition

Open Finance EU designe l'EU broader vision extending Open Banking to Open Finance via FIDA (Financial Data Access) Regulation proposed juin 2023 par European Commission (in EU legislative process 2024-2025 + adoption attendue 2025-2026), qui enable consumers + businesses authorize fintech + financial firms access broader range financial data via standardized APIs (savings + investments + insurance + mortgages + credit + pensions + multiple beyond PSD2 payment accounts scope), foundational future European financial services ecosystem digitalisation. Standard + framework specifications detail interoperability + identity + privacy + data sharing + open APIs + multi-stakeholder governance + ecosystem adoption industry verticals (banking + finance + health + insurance + energy) + alignment regulations EU PSD2 + GDPR + FAPI + UK Open Banking Standard + multiple national implementations 2010s-2024+.

Origine

FIDA EU Commission proposal juin 2023 ; in EU legislative process 2024-2025 ; adoption attendue 2025-2026 ; ~3-year transition period post-adoption typical EU regulations.

Exemple en contexte

European consumer wants comprehensive financial dashboard aggregating all bank accounts + credit cards + investments + mortgage + pension + insurance policies + savings : Open Finance EU FIDA Regulation 2026+ enables fintech aggregator (e.g., Bud + Tink + Yodlee + multiple) access all this data with customer consent via standardized APIs + provides personalized financial dashboard + advice + product comparisons, much broader Open Finance ecosystem vs PSD2 limited payment accounts scope.

Termes liés

• Open Banking NextGen — complementary regulation package.