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. From API architecture and consent management to scheme integration, we offer proven consulting services for sustainable FIDA compliance.
- ✓End-to-end FIDA consulting from strategy through go-live support
- ✓Technical expertise for secure API architectures and data management
- ✓Proven FIDA implementation methods and best practices
- ✓Continuous consulting support for sustainable compliance
Your strategic success starts here
Our clients trust our expertise in digital transformation, compliance, and risk management
30 Minutes • Non-binding • Immediately available
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Why specialized FIDA consulting is critical for financial institutions
Our FIDA consulting expertise
- Comprehensive FIDA implementation experience and technical expertise
- Proven consulting methods for complex regulatory projects
- End-to-end consulting from conception through to operational implementation
- Industry-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.
ADVISORI in Numbers
11+
Years of Experience
120+
Employees
520+
Projects
We work with you to develop a tailored FIDA implementation strategy that combines proven consulting methods with practical implementation expertise.
Our Approach:
Comprehensive analysis of your FIDA requirements and implementation readiness
Development of strategic implementation roadmaps and project plans
Hands-on consulting support throughout the entire implementation
Continuous quality assurance and compliance validation
Go-live support and sustainable operational excellence advisory
"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."
Melanie Düring
Head of Risk Management
Our Services
We offer you tailored solutions for your digital transformation
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
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
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
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
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
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
Our Competencies
Choose the area that fits your requirements
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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 PSD 2 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 PSD 2 — 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?
PSD 2 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.
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Our clients trust our expertise in digital transformation, compliance, and risk management
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