CONSUMER |
STANDARDISED APIS : |
ALIGNMENT WITH |
PROMOTION OF |
EMPOWERMENT : |
FIDA mandates the |
DATA PROTECTION |
OPEN FINANCE : |
The regulation |
use of standardised |
LAWS : |
By broadening data- |
emphasises |
Application |
The regulation |
sharing mandates , |
consumer consent , |
Programming |
aligns with existing |
FIDA aims to foster |
granting individuals |
Interfaces ( APIs ) for |
data protection |
innovation and |
greater control over |
secure and efficient |
frameworks , such |
competition within |
their financial data |
data exchange |
as the General Data |
the financial sector , |
and enabling them |
between financial |
Protection Regulation |
paving the way for |
to authorise third- |
entities . |
( GDPR ), ensuring high |
new , data-driven |
party access . |
standards of privacy |
financial services . |
|
and security . |