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EU Financial Data Access Framework

Summary

A new EU framework to allow customers to securely share their financial data (like savings, pensions, and insurance) with third-party providers for better services.
10 02.07.2025
Other
finance
economy
human rights
social policy
european union
administrative law
public administration
business and competition
information technology and data processing

Key points

  • The regulation expands data access rights beyond payment accounts to include mortgages, savings, investments, pensions, and non-life insurance.
  • Financial institutions are legally required to provide customer data in real-time and without delay upon request.
  • Customers must be provided with a dashboard to monitor and manage their data permissions, including the ability to withdraw consent easily.
  • Financial institutions and service providers must join standardized data access schemes to ensure technical interoperability.
Documents (PDFs)
DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council on a framework for Financial Data Access and amending Regulations (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2022/2554 REPORT on the proposal for a regulation of the European Parliament and of the Council on a framework for Financial Data Access and amending Regulations (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2022/2554
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.