FIDA consent management and permission dashboard for financial institutions
FIDA Consent Management Solution
The FIDA regulation requires data holders to provide every customer with a permission dashboard – an online interface for monitoring and managing all granted data sharing permissions. We develop consent management systems that combine granular permissions, real-time overviews and simple revocation functions meeting both FIDA and GDPR requirements.
- ✓Permission dashboard with real-time overview of all data sharing permissions
- ✓Granular consent controls for different data categories
- ✓Simple revocation function per FIDA requirements
- ✓GDPR-compliant consent management and documentation
Your strategic success starts here
Our clients trust our expertise in digital transformation, compliance, and risk management
30 Minutes • Non-binding • Immediately available
For optimal preparation of your strategy session:
- Your strategic goals and objectives
- Desired business outcomes and ROI
- Steps already taken
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What FIDA requires for consent management
Why ADVISORI for your consent management
- Experience with regulatory consent requirements (GDPR, PSD2, FIDA)
- Expertise in dashboard development and API integration
- Combining data protection compliance with customer experience
- End-to-end approach from concept through ongoing operations
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Regulatory requirement
FIDA mandates that every data holder must provide a permission dashboard. Customers receive a centralised overview of all authorised access with revocation options. Non-compliance can lead to regulatory sanctions and exclusion from Financial Data Sharing Schemes.
ADVISORI in Numbers
11+
Years of Experience
120+
Employees
520+
Projects
We develop consent management systems that combine compliance requirements with excellent customer experience and establish trust as a strategic competitive advantage.
Our Approach:
Analysis of customer needs and development of customer-oriented consent strategies
Design of intuitive and transparent consent interfaces with optimal user experience
Implementation of solid technical systems with granular control options
Integration of compliance monitoring and automated governance processes
Continuous optimization through consent analytics and customer feedback
"Consent management is the key to trusting customer relationships in the FIDA era. Our expertise enables companies to turn compliance requirements into competitive advantages and create sustainable trust and business success through transparent, customer-oriented data sharing processes."
Melanie Düring
Head of Risk Management
Our Services
We offer you tailored solutions for your digital transformation
Strategic Consent Architecture and Design
Development of comprehensive consent strategies and customer-oriented interface designs for optimal customer experience and compliance.
- Analysis of customer needs and development of customer-oriented consent strategies
- Design of intuitive consent interfaces with optimal user experience
- Development of granular consent taxonomies for various data types
- Strategic integration into existing customer portals and mobile apps
Technical Implementation and API Integration
Building solid technical consent management systems with smooth integration into existing IT landscapes.
- Development of flexible consent management platforms
- API integration for real-time consent queries and updates
- Implementation of granular consent controls and lifecycle management
- Building secure consent databases with audit trail functionality
GDPR Compliance and Data Protection Framework
Ensuring full GDPR compliance and building comprehensive data protection governance for consent processes.
- GDPR-compliant consent processes and documentation
- Implementation of right-to-be-forgotten and data portability features
- Building comprehensive data protection impact assessments for consent systems
- Continuous compliance monitoring and regulatory updates
Customer-Oriented Transparency and Communication
Development of transparent communication strategies and tools for trustworthy customer experiences in the consent process.
- Development of clear and comprehensible consent communication
- Building transparency dashboards for customer data use
- Implementation of consent notifications and renewal processes
- Development of value proposition communication for data sharing
Real-Time Monitoring and Compliance Oversight
Building comprehensive monitoring systems for continuous consent oversight and proactive compliance assurance.
- Real-time monitoring of consent status and changes
- Automated compliance alerts and violation detection
- Implementation of consent analytics and reporting dashboards
- Building audit trail systems for regulatory documentation
Continuous Optimization and Analytics
Ongoing improvement of consent systems through data-driven insights and continuous customer feedback integration.
- Consent analytics for optimizing conversion rates and user experience
- A/B testing of consent interfaces and communication strategies
- Continuous customer feedback integration and system improvements
- Strategic consulting on emerging consent technologies and best practices
Our Competencies in Financial Data Access (FIDA)
Choose the area that fits your requirements
FIDA API Architecture and Security
The technical implementation of FIDA requires solid API architectures and the highest security standards. We develop secure, flexible, and FIDA-compliant API solutions that optimally combine data protection, performance, and regulatory requirements.
FIDA Audit and Reporting
Ensure complete FIDA compliance through professional audit and reporting services. We support you in implementing monitoring systems, preparing for regulatory examinations, and maintaining continuous compliance documentation.
FIDA Compliance Programmes
The EU Financial Data Access regulation (FIDA) requires banks, insurers and financial institutions with 250+ employees to share customer data with licensed third parties via standardised APIs. A structured compliance programme is essential to meet FDSS membership, consent management and real-time data provision requirements on time.
FIDA Consulting
As a leading FIDA consulting firm, we support financial service providers in the strategic implementation of the Financial Data Access Regulation. From initial assessment to full implementation, we offer end-to-end consulting for sustainable FIDA compliance.
FIDA Consulting
As a specialized FIDA consulting partner, we support financial institutions with the technical implementation of the Financial Data Access regulation. From API architecture and consent management to scheme integration, we offer proven consulting services for sustainable FIDA compliance.
FIDA EU Regulation
The EU's FIDA regulation (Financial Data Access) requires banks, insurers and investment firms to share customer data via standardised APIs with licensed third parties. Adoption is expected mid-2026, with an implementation deadline by end of 2027.
FIDA Gap Analysis
A comprehensive FIDA gap analysis is the foundation for successful compliance. We systematically assess your current position, identify critical implementation gaps and develop a tailored roadmap for FIDA-compliant transformation.
FIDA Implementation
Successful implementation of the Financial Data Access Regulation requires precise technical execution and strategic implementation planning. We accompany you from system architecture through to go-live with proven implementation methodologies.
FIDA Implementation
Successful implementation of the Financial Data Access Regulation requires strategic planning, technical excellence and regulatory expertise. We guide you through the entire implementation process — from the initial strategy to a successful go-live and beyond.
FIDA Incident Response
Specialized incident response strategies for FIDA compliance incidents. We support you in the rapid and effective handling of data breaches, API outages, and regulatory compliance incidents in the FIDA context.
FIDA Readiness Assessment
A structured assessment of your FIDA readiness provides the foundation for successful compliance and strategic market positioning. We evaluate your current position across six dimensions, identify concrete action areas and develop a prioritized implementation roadmap with quick wins.
FIDA Regulation
Navigate the complexities of FIDA regulation implementation with expert guidance. We provide comprehensive compliance frameworks, technical implementation strategies, and ongoing regulatory monitoring to ensure your organization meets all financial data access requirements.
FIDA Regulation
The Financial Data Access Regulation (FIDA) defines new regulatory standards for data access in the financial sector. We support you in achieving full compliance implementation and strategic positioning within the new regulatory landscape.
FIDA Regulation
The EU Financial Data Access Regulation (FIDA Regulation) defines precise regulatory requirements for financial service providers. We support you in achieving full compliance and strategically integrating FIDA provisions into your business processes.
FIDA Sandbox and Testing
Professional sandbox environments and comprehensive testing services for FIDA implementations. From API validation to compliance testing — we ensure that your FIDA solution is production-ready and regulatory compliant.
FIDA Third-Party Risk and Vendor Selection
The Financial Data Access regulation requires robust frameworks for third-party risk management and vendor selection. We develop strategies for secure and FIDA-compliant data sharing partnerships — from FISP licensing verification through vendor due diligence to ongoing risk monitoring.
FIDA Training and Awareness
The Financial Data Access Regulation requires comprehensive employee qualification and organizational awareness. We develop tailored training programs that optimally prepare your teams for FIDA requirements and ensure sustainable compliance success.
Frequently Asked Questions about FIDA Consent Management Solution
What is a FIDA permission dashboard and why is it mandatory?
A FIDA permission dashboard is an online interface that data holders (banks, insurers, financial institutions) must provide to every customer. Through the dashboard, customers can view all active access permissions they have granted to data users (e.g. fintechs or comparison portals). The dashboard must display the data user's name, the affected customer account, the purpose and duration of consent. Customers must be able to revoke granted permissions at any time. The FIDA regulation mandates this dashboard – non-compliance can lead to sanctions and exclusion from Financial Data Sharing Schemes.
What consent options must customers have under FIDA?
FIDA requires granular consent options: customers must be able to choose whether to share basic information only (e.g. account balances) or detailed transaction histories. Consent must be purpose-bound – the customer must know what their data will be used for. The duration of the permission must also be clearly defined. The system must send notifications when permissions are about to expire or when new access requests are received. This granular control goes significantly beyond PSD 2 requirements, which only provided for yes/no decisions on payment account data.
How do FIDA consent and GDPR consent relate to each other?
FIDA consent and GDPR consent are related but distinct legal bases. The GDPR governs general data protection and requires consent for processing personal data. FIDA specifically governs access to financial data and requires an additional customer permission for sharing data with third parties. A consent management system must address both requirements in an integrated way: GDPR consent for data processing and FIDA permission for data access. Documentation of both types of consent must be audit-proof.
What are the technical requirements for FIDA consent management?
The consent management system must provide real-time APIs through which data users can check consent status before retrieving data. The permission dashboard must be integrable as an online interface into existing customer portals or mobile banking apps. The architecture must support granular permissions at the level of individual data categories (accounts, transactions, insurance policies, investments). An audit trail must document all consents, changes and revocations traceably. The interfaces must comply with the technical standards agreed within the FDSS.
Which data categories does FIDA consent management cover?
FIDA extends data access far beyond PSD2. Under the consent requirement: payment accounts and transaction data (already under PSD2), savings and fixed-term deposits, loans and mortgages, insurance contracts and claims data, pension products and retirement entitlements, securities and investment funds, and crypto-assets and digital assets. Separate consent options must be provided for each data category so that customers can decide precisely which data they share with which data user.
How is revocation of data sharing permissions implemented under FIDA?
FIDA mandates that customers can revoke granted data sharing permissions at any time and without giving reasons. Revocation must be possible through the permission dashboard with a simple action. After revocation, data access for the affected data user must be blocked immediately. The system must inform the data user about the revocation and ensure no further data retrievals occur. The revocation must be documented in the audit trail. When implementing, note that revoking a FIDA permission operates independently of GDPR consent.
How can FIDA consent management be integrated into existing systems?
Integration typically occurs on three levels: first, the permission dashboard is embedded into the existing online banking or customer portal to ensure a seamless user experience. Second, a consent API layer is built that mediates between internal systems and external FDSS interfaces. Third, existing GDPR consent management is extended to handle FIDA-specific permissions and revocations. Existing PSD 2 infrastructure (e.g. account information APIs) can serve as a foundation but must be expanded for the broader FIDA data categories.
Success Stories
Discover how we support companies in their digital transformation
Digitalization in Steel Trading
Klöckner & Co
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Over 2 billion euros in annual revenue through digital channels
Goal to achieve 60% of revenue online by 2022
Improved customer satisfaction through automated processes
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Significant increase in production performance
Reduction of downtime and production costs
Improved sustainability through more efficient resource utilization
AI Automation in Production
Festo
Intelligent Networking for Future-Proof Production Systems
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Improved production speed and flexibility
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Generative AI in Manufacturing
Bosch
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Reduction of AI application implementation time to just a few weeks
Improvement in product quality through early defect detection
Increased manufacturing efficiency through reduced downtime
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Your strategic success starts here
Our clients trust our expertise in digital transformation, compliance, and risk management
Ready for the next step?
Schedule a strategic consultation with our experts now
30 Minutes • Non-binding • Immediately available
For optimal preparation of your strategy session:
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Desired business outcomes and ROI expectations
Current compliance and risk situation
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