Open Banking Expo, in collaboration with FDATA Global, enhances Open Finance understanding through their partnership.
In a groundbreaking move, the Financial Data and Technology Association (FDATA) Global and Open Banking Expo have announced a media partnership to elevate industry discussions and ensure important open finance dialogues resonate globally. The collaboration will provide a platform for financial innovators, regulators, and thought leaders to share insights and shape the future of open finance.
The partnership will focus on key themes at the FDATA Global Open Finance Summit, Open Banking Expo Canada, and Open Banking Expo USA in 2025. These events will delve into the core aspects of open finance, data access, and competition in financial services.
Open Finance and Data Access will be a primary focus, exploring secure and efficient real-time access to diverse financial data, including savings, mortgages, investments, pensions, and insurance. This discussion will occur within the context of evolving regulatory frameworks such as the EU's Financial Data Access (FiDA) regulation, which aims to empower consumers and boost innovation by mandating data access under strict rules and standards.
Competition in Open Banking will also be a key topic, with discussions centring on competition issues around customer-directed finance and the competitive landscape of financial data access, particularly in the North American markets (Canada and USA). The partnership will offer insights from regulators, legal experts, and industry stakeholders on challenges and opportunities for fostering competitive marketplaces for financial data-driven services.
Interoperability and Standards will be another critical discussion point, focusing on data interoperability to drive seamless integration and broad adoption across financial institutions and fintechs. The partnership aims to build shared data access schemes supported by binding rules to ensure security and efficiency.
Security and Consumer Empowerment will also be a significant focus, ensuring secure access while empowering consumers with control over their financial data, to both protect privacy and enable innovative financial products and services.
Regulatory and Industry Collaboration will be at the heart of the debates, discussing how industry and regulators can collaborate effectively to shape rules, standards, and incentives to unlock the full potential of open finance ecosystems.
The summits will feature panels, presentations, and workshops aimed at addressing the practical, strategic, and compliance challenges of open banking/open finance implementation, with a global perspective but specific attention to North American markets. They will also highlight advancements across technology, policy, and market dynamics shaping the future of financial data usage.
The FDATA Global Open Finance Summit is scheduled for May 5, 2025, in Washington, DC, while Open Banking Expo Canada is set for June 17, 2025, in Toronto. Open Banking Expo USA will follow on June 26, 2025, in New York City. These events will convene policymakers, financial institutions, fintechs, and regulators to discuss Open Banking frameworks, data security, and innovation.
Adam Cox, co-founder and managing director of Open Banking Expo, and Steve Boms, executive director at FDATA North America, will lead the partnership. This collaboration aims to strengthen global industry engagement on Open Finance, educate stakeholders, and accelerate industry-wide progress.
This partnership underscores the importance of open finance in shaping the future of financial services and the need for global collaboration to achieve this goal. The events will spotlight policy trends, consumer data rights, and emerging technologies, providing a forum for discussions on competition issues, regulatory treatment, innovation frontiers, and the evolving data economy framework essential to achieving open finance goals by 2025 and beyond.
- The Financial Data and Technology Association (FDATA) Global and Open Banking Expo have partnered to boost global discussions about open finance and ensure that key open finance dialogues resonate worldwide.
- The collaboration will highlight essential topics at the FDATA Global Open Finance Summit, Open Banking Expo Canada, and Open Banking Expo USA in 2025, which will examine open finance, data access, and competition in financial services.
- Open Finance and Data Access will be a key focus of the partnership, covering secure and efficient real-time access to various financial data, such as savings, mortgages, investments, pensions, and insurance.
- Discussions on Open Finance and Data Access will be conducted within the context of evolving regulatory frameworks like the EU's Financial Data Access (FiDA) regulation, aimed at empowering consumers and fostering innovation.
- Competition in Open Banking will also be a critical topic, with discussions focusing on competition issues around customer-directed finance and competitive landscapes, particularly in North American markets (Canada and USA).
- Interoperability and Standards will be another significant discussion point, focusing on data interoperability to drive seamless integration and broad adoption across financial institutions and fintechs.
- Security and Consumer Empowerment will also be emphasized to ensure secure access while enabling consumers to control their financial data, safeguarding privacy and enabling innovative financial services.
- Regulatory and Industry Collaboration will be at the heart of debates, discussing how effective collaboration between industry and regulators can shape rules, standards, and incentives to unlock the full potential of open finance ecosystems.
