Partnership between FDATA Global and the Open Banking Expo boosts Open Finance understanding worldwide
Get ready for a series of groundbreaking events in the world of Open Finance! The Financial Data and Technology Association (FDATA) Global and Open Banking Expo have joined forces to host three significant summits and expos in 2025.
The FDATA Global Open Finance Summit 2025 is set to take place in Washington, D.C., on May 5th, followed by the Open Banking Expo Canada 2025 in Toronto on June 17th, and the Open Banking Expo USA 2025 in New York City on June 26th.
These events will serve as key platforms for fostering regulatory clarity, innovation, and collaboration. Steve Boms, the executive director at FDATA North America, believes that working together can enhance industry dialogue and ensure that important discussions resonate across borders. Adam Cox, co-founder and managing director of Open Banking Expo, shares this sentiment, expressing excitement about partnering with FDATA Global to elevate the voices of financial innovators, regulators, and thought leaders.
The key topics and discussions at these summits and expos centre on open finance, consumer data rights, competition challenges, compliance readiness with new regulations, and the expansion of open banking frameworks.
At the FDATA Global Open Finance Summit 2025, the focus will be on the importance of consumer permissioned data access, defending open banking rules that emphasize consumer control over financial data, and tackling anti-competitive practices by major banks seeking to restrict or charge for data access. The summit also highlights collaboration among fintech and data access platforms to support these principles.
Meanwhile, at the Open Banking Expo Canada and USA, key discussions revolve around the competitive landscape in financial data access and the practical and regulatory challenges as open banking frameworks evolve. Topics include expanding open data access to a wide array of financial products beyond payments, harmonizing compliance with new regulations such as Financial Data Access (FiDA) in the EU (which is influential globally), and the importance of building secure, standardized data sharing schemes.
These events also address the broader context of open finance in stimulating innovation, empowering consumers through data control, and promoting fair competition in the financial sector by removing barriers imposed by incumbent financial institutions.
The partnership between FDATA Global and Open Banking Expo aims to amplify industry engagement and discussions around Open Finance. The media partnership between the two organisations will help to educate stakeholders and accelerate industry-wide progress. The joint coverage will provide insights, policy developments, and key takeaways from each event to a global audience of industry stakeholders.
In summary, the 2025 summits and expos are convening key stakeholders to discuss regulatory developments (like FiDA in the EU and the Section 1033 rule in the US), combating anti-competitive barriers, expanding open finance beyond payments, and fostering collaborative, secure infrastructure for open banking globally. The events serve as a testament to the growing importance of open finance and the need for continued collaboration and dialogue within the industry.
Stay tuned for more updates on these exciting events!
- The Financial Data and Technology Association (FDATA) Global and Open Banking Expo will host three summits and expos in 2025, with the first, FDATA Global Open Finance Summit, happening in Washington, D.C., on May 5th.
- Steve Boms, the executive director at FDATA North America, anticipates that these events will foster regulatory clarity, innovation, and collaboration.
- Adam Cox, co-founder and managing director of Open Banking Expo, looks forward to partnering with FDATA Global to elevate the voices of financial innovators, regulators, and thought leaders.
- Topics at the summits and expos will center on open finance, consumer data rights, competition challenges, compliance readiness with new regulations, and the expansion of open banking frameworks.
- At the FDATA Global Open Finance Summit, discussions will focus on consumer permissioned data access, defending open banking rules emphasizing consumer control over financial data, and tackling anti-competitive practices.
- At the Open Banking Expo Canada and USA, key topics revolve around the competitive landscape in financial data access and the practical and regulatory challenges as open banking frameworks evolve.
- These events address the broader context of open finance in stimulating innovation, empowering consumers through data control, and promoting fair competition in the financial sector by removing barriers imposed by incumbent financial institutions.
- The partnership between FDATA Global and Open Banking Expo aims to amplify industry engagement and discussions around Open Finance, providing insights, policy developments, and key takeaways to a global audience of industry stakeholders.
