#095 - Implementing Open Finance in the EU: What can we learn from other ecosystems?

‘Europe, seize the moment!’  was the motto of this year’s
Frankfurt Digital Finance, which took place on 11 and 12
February. As a platform that connects Frankfurt with leading
European ecosystems, it provided an ideal stage for our
high-profile panel discussion on Open Finance.


What exactly is the EU’s Framework for Financial Data Access
(FIDA) aiming to unlock? Where will future product and service
value emerge? And what can the EU learn from other ecosystems
already years ahead – such as Brazil, the UK or Singapore?


To address these questions, we brought together outstanding
voices from regulation, banking, insurance and global open
finance experience to discuss the central question for Europe’s
financial future: How can the EU build an Open Finance framework
that is globally competitive, aligned with European values, and
both economically and operationally viable?


Moderated by Christopher Schmitz, Partner at EY-Parthenon and
Europe West FinTech & Open Finance Leader, the conversation
went far beyond compliance and technical standards but addressed
the fundamental questions. Together with our distinguished guests
Alice Guedel, Policy Officer at the European Commission and
responsible for FIDA, Verena Ritter-Döring, Partner at Taylor
Wessing, Daniel Nestrovsky, Head of Open Finance Regulation at
Bradesco, Joris Hensen, Founder and Head of API at Deutsche Bank,
and Stephen Voss, CEO & Founder at Neodigital Versicherung,
we engaged in a constructive and forward-looking discussion on
how Open Finance can become a reality in Europe and what it takes
to turn regulation into real value for the customers and the
industry.


Intro moderated by: Peter Fricke, Associate Director FinTech
Business Development.


If you have questions or comments, feedback or suggestions for
topics or guests, please reach out to us via email
at eyfintechandbeyond@de.ey.com.