Technical FIDA consulting for successful open finance implementation

FIDA Consulting for Banks and Fintechs

As a specialized FIDA consulting partner, we support financial institutions with the technical implementation of the Financial Data Access regulation.

  • 01End-to-end FIDA consulting from strategy through go-live support
  • 02Technical expertise for secure API architectures and data management
  • 03Proven FIDA implementation methods and best practices
  • 04Continuous consulting support for sustainable compliance
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11+Years of experience
120+Employees
540+Projects
ISO 27001certified

Why specialized FIDA consulting is critical for financial institutions

The Financial Data Access regulation (FIDA) presents banks and fintechs with complex technical requirements: open API interfaces, granular consent management and standardized data formats. Our FIDA consulting combines regulatory expertise with practical implementation experience from PSD2 and open banking projects.

We offer comprehensive FIDA consulting services that integrate strategic planning, technical implementation, and operational excellence. Our consulting approach not only ensures successful FIDA compliance but also maximises the strategic benefits of proactive regulatory implementation.

6 service modules

What we take on for you

Bookable individually or as an end-to-end programme.

01

FIDA implementation strategy consulting

Strategic consulting services for the development of tailored FIDA implementation strategies and roadmaps.

  • Comprehensive FIDA readiness assessment and gap analysis
  • Development of strategic implementation roadmaps and timelines
  • Business case development and ROI optimisation
  • Stakeholder alignment and change management strategies
02

Technical architecture consulting

Specialised technical consulting services for FIDA-compliant API architectures and system integration.

  • Design of FIDA-compliant API architectures and data models
  • Security architecture consulting and authentication frameworks
  • System integration strategies and legacy system modernisation
  • Performance optimisation and scalability consulting
03

Hands-on implementation support

Practical implementation support and project management excellence for successful FIDA execution.

  • Agile project management and implementation coordination
  • Hands-on development support and code review services
  • Testing strategy consulting and quality assurance support
  • Integration testing and end-to-end validation
04

Compliance and regulatory consulting

Specialised compliance consulting services for FIDA-compliant processes and regulatory validation.

  • FIDA compliance framework design and implementation
  • Regulatory mapping and compliance validation
  • Audit preparation and regulatory reporting support
  • Ongoing compliance monitoring and update management
05

Data governance and privacy consulting

Comprehensive consulting services for FIDA-compliant data governance and data protection management.

  • Data governance framework design and implementation
  • Privacy-by-design consulting and GDPR integration
  • Consent management system design and implementation
  • Data quality management and audit trail implementation
06

Go-live support and operational excellence

Intensive go-live support and long-term consulting services for sustainable FIDA operational excellence.

  • Go-live coordination and launch management
  • Performance monitoring and incident response support
  • Operational excellence consulting and process optimisation
  • Continuous improvement and strategic evolution support

5 phases

Our structured FIDA consulting approach

We work with you to develop a tailored FIDA implementation strategy that combines proven consulting methods with practical implementation expertise.

  1. Comprehensive analysis of your FIDA requirements and implementation readiness

  2. Development of strategic implementation roadmaps and project plans

  3. Hands-on consulting support throughout the entire implementation

  4. Continuous quality assurance and compliance validation

  5. Go-live support and sustainable operational excellence advisory

Your contact

Melanie Düring

Head of Risk Management

+49 69 913 113-01 info@advisori.de
For us, FIDA consulting means the perfect combination of strategic expertise and practical implementation competence. Our consulting services enable financial services providers not only to achieve FIDA compliance, but to use it as a strategic competitive advantage while ensuring operational excellence.

Our FIDA consulting expertise

  • 01Comprehensive FIDA implementation experience and technical expertise
  • 02Proven consulting methods for complex regulatory projects
  • 03End-to-end consulting from conception through to operational implementation
  • 04Industry-specific FIDA consulting approaches for various financial services providers

Implementation expertise

Successful FIDA implementation requires more than theoretical knowledge. Our consulting services are based on practical experience and proven implementation methods for sustainable compliance excellence.

7 QUESTIONS, BRIEFLY ANSWERED

Frequently asked questions about FIDA Consulting

What distinguishes FIDA consulting from general open finance advisory?

FIDA consulting focuses on the technical and regulatory implementation of the Financial Data Access regulation within financial institutions. While general open finance advisory addresses strategic questions, specialized FIDA consulting covers concrete API architecture, data access interfaces, consent management systems, and integration into existing core banking systems. ADVISORI combines both perspectives — regulatory understanding of FIDA requirements with practical implementation experience from PSD2 and open banking projects.

Which financial institutions need FIDA consulting?

FIDA applies to all data holders in the financial sector: banks, insurers, investment firms, pension funds and payment service providers. Fintechs seeking to operate as Financial Information Service Providers (FISPs) also need FIDA consulting for licensing and technical integration. The advisory need is particularly urgent for institutions with legacy systems that require fundamental changes to their data architecture.

How does a FIDA consulting project at ADVISORI work?

A typical FIDA consulting project comprises four phases: First, a readiness analysis with a gap assessment of your current systems and processes. Then strategy development with a technical roadmap and resource planning. In the third phase, implementation support follows with API development, data integration and testing. Finally, we support go-live and continuous optimization.

When is the FIDA regulation expected to come into force?

Trilogue negotiations between the EU Council, Parliament and Commission have been running since April 2025. Formal adoption is expected by mid‑2026, with the implementation deadline for financial institutions starting around late 2027. Given the technical complexity — comparable to PSD2 — an early start to FIDA preparation is recommended, especially for API architecture and consent management processes.

How does FIDA differ from PSD2 and open banking?

PSD2 is limited to payment accounts and payment initiation. FIDA extends data access to all financial products: savings accounts, loans, mortgages, insurance, pensions and crypto-assets. FIDA also introduces a compensation model for data holders and creates Financial Information Service Providers (FISPs) as a new licence category. The technical requirements for API security and consent management are significantly more extensive than under PSD2.

What costs are involved in FIDA consulting?

FIDA consulting costs depend on the size of the institution, the complexity of the existing IT landscape and the desired scope. An initial readiness assessment typically takes two to four weeks. Full implementation support extends over several months. ADVISORI offers modular consulting packages tailored to actual needs — from targeted gap assessments to complete project management.

What role do FIDA Schemes play in data sharing?

FIDA Schemes are industry-wide agreements that define technical standards, data formats and compensation models for data exchange. Financial institutions must join at least one FIDA Scheme. The schemes govern API specifications, liability questions and dispute resolution procedures. ADVISORI advises on selecting suitable schemes and the technical integration into your existing infrastructure.

Certificates, partners and more

ISO 9001 CertifiedISO 27001 CertifiedISO 14001 CertifiedBeyondTrust PartnerBVMW Bundesverband MitgliedMitigant PartnerGoogle PartnerTop 100 InnovatorMicrosoft AzureAmazon Web Services

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30 Minutes • Non-binding • Immediately available

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Desired business outcomes and ROI expectations
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