Deutsche Bank and Tech Quartier team up to enforce EU's Financial Data Regulation (FIDA) initiative
Deutsche Bank and Frankfurt's Tech Quarter have joined forces to shape the implementation of the EU's Financial Data Access Regulation (FIDA). This strategic cooperation is aimed at driving innovations in open finance, data-driven services, and artificial intelligence.
The collaboration, centred around the "FIDA Digital Studios" event, brings together over 120 experts from various fields. The goal is to develop concrete use cases of open finance interfaces, such as AI-based financial advice, digital lending, and RegTech applications.
The "FIDA Digital Studios" event is set to take place on September 29, 2025, as part of the SIBOS conference.
Deutsche Bank, with its decade-old API program, is a pioneer in Open Banking in Europe. The bank offers a wide range of APIs through its developer platform at developer.db.com, including payment services, identity services, and sustainability-related reporting interfaces.
The bank aims to contribute its experiences in this context to the FIDA process. For bank IT, this cooperation means a profound change in data management, interface architecture, security standards, and identity management. Harmonization of API specifications will become a prerequisite for compliance and competitiveness due to this cooperation.
Frankfurt is being positioned as a leading location for digital financial innovation through this cooperation. The goal is to create interoperable data spaces and platform-based financial services.
While specific use cases, projects, or pilots co-created by Deutsche Bank and FIDA Digital Studios for open finance interfaces, including AI-based financial advice, digital lending, or RegTech applications, are not yet publicly available, it is common industry knowledge that such use cases are typically the focus for entities like these.
For accurate and up-to-date information on their latest initiatives, it is recommended to reach out directly to Deutsche Bank or FIDA Digital Studios or review their official communications.
This joint initiative underscores Deutsche Bank's commitment to innovation and Frankfurt's ambition to be a hub for digital financial innovation in Europe.
- Deutsche Bank, with its extensive experience in open finance through its API program, plans to use this expertise during the FIDA process, signifying a major shift in data management, interface architecture, security standards, and identity management within the bank IT sector.
- The joint initiative between Deutsche Bank and Frankfurt's Tech Quarter extends beyond the horizons of traditional finance, embracing various technological advancements to create interoperable data spaces and platform-based financial services, such as AI-based financial advice, digital lending, and RegTech applications.
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