Tag: EU Regulation
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New EU Regulation Excludes Tech Giants from Financial Data Access
Introduction to the New EU Financial Data Regulation After years of negotiations, the European Union is nearing the finalization of the Financial Data Access (FiDA) regulation. This legislation aims to facilitate easier access to financial data for third-party entities, particularly benefiting local banks and financial institutions. Recent reports indicate that major U.S. tech companies, such…
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EU’s Financial Data Access Regulation: A Major Shift in Tech’s Influence
Introduction to the Financial Data Access Regulation After years of negotiations, the European Union is on the brink of finalizing the Financial Data Access (FiDA) regulation. This new legislation aims to reshape the financial landscape by making it easier for third-party entities to access financial data held by banks and insurance companies. However, it appears…
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EU’s Financial Data Access Law: A Shift in Power Dynamics
Introduction to the Financial Data Access Regulation The newly proposed EU regulation, known as Financial Data Access (FiDA), marks a significant shift in how financial data can be accessed and shared among various stakeholders in Europe. After years of negotiations, this regulation aims to streamline access to financial data held by banks and insurance companies,…