Collaborative effort between FDATA Global and Open Banking Expo increases public understanding of Open Finance through strategic alliance
Transforming Financial Services: Open Finance Summits and Expos in 2025
The financial industry is gearing up for a series of significant events in 2025, with the FDATA Global Open Finance Summit, Open Banking Expo Canada, and Open Banking Expo USA taking centre stage. These events will delve into the evolving landscape of open finance and open banking, focusing on data access, innovation, regulation, and financial inclusion.
Open Finance and Data Access Evolution
Discussions will revolve around broadening data access beyond traditional banking to include savings, mortgages, investments, pensions, and insurance. This expansion, driven by new regulations like the EU’s FiDA, will open up opportunities for increased competition and innovation. The industry will also explore the development of secure, shared data access frameworks with binding rules and standards.
Regulatory Updates and Compliance
The conferences will cover how evolving regulations support open banking and open finance ecosystems. Topics will include compliance readiness, operational transformations, and the delicate balance between security and accessibility in data sharing.
Financial Inclusion
Sessions may highlight the role of open banking and finance in fostering financial inclusion. Emerging products and practices to increase access to financial services in underserved communities will be featured, along with regulatory and institutional efforts to support this goal.
Collaboration Among Banks, Fintechs, and Policymakers
The Expo events will bring together policymakers, major banks, fintech firms, and other stakeholders to discuss the future of open banking in North America. Innovation opportunities and strategic partnerships will be at the forefront of these discussions.
Technology and Innovation in Open Banking
Topics are likely to include leveraging emerging technologies such as AI and data analytics to enhance open banking services, address risks like algorithmic bias, and generate new revenue streams within the framework of open finance ecosystems.
In summary, these summits and expos will provide a platform to explore how open finance is transforming financial services through deeper data integration, regulatory evolution, and inclusive innovation. The emphasis will be on collaboration and the strategic role of data as a competitive asset.
Partnership for Increased Industry Engagement
The Financial Data and Technology Association (FDATA) Global and Open Banking Expo have partnered for increased industry engagement and discussions on Open Finance. This partnership aims to strengthen global industry engagement, educate stakeholders, and accelerate industry-wide progress.
The FDATA Global Open Finance Summit, scheduled for May 5, 2025, in Washington, DC, will convene policymakers, financial institutions, fintechs, and regulators. The Open Banking Expo Canada, scheduled for June 17, 2025, in Toronto, and Open Banking Expo USA, scheduled for June 26, 2025, in New York City, will gather leaders from across financial services to delve into Open Banking frameworks, data security, and innovation.
The media partnership between FDATA Global and Open Banking Expo aims to reach a global audience of industry stakeholders. Adam Cox, co-founder and managing director of Open Banking Expo, and Steve Boms, executive director at FDATA North America, will lead these discussions. The partnership will help shape the future of Open Finance across markets and elevate the voices of financial innovators, regulators, and thought leaders.
- In 2025, the financial industry is preparing for a series of significant events, including the FDATA Global Open Finance Summit, Open Banking Expo Canada, and Open Banking Expo USA, which will focus on open finance and open banking trends.
- Discussions at these events will revolve around expanding data access beyond traditional banking to include savings, mortgages, investments, pensions, and insurance, driven by regulations like the EU’s FiDA.
- The conferences will cover how evolving regulations support open banking and open finance ecosystems, with a particular focus on compliance readiness, operational transformations, and the balance between security and accessibility in data sharing.
- Sessions may highlight the role of open banking and finance in fostering financial inclusion by featuring emerging products, practices, and regulatory and institutional efforts to increase access to financial services in underserved communities.
- The Expo events will bring together policymakers, major banks, fintech firms, and other stakeholders to discuss the future of open banking in North America, with innovation opportunities and strategic partnerships at the forefront.
- Technology and innovation topics in open banking will likely include leveraging AI and data analytics for enhanced services, addressing risks like algorithmic bias, and generating new revenue streams within open finance ecosystems.
- The partnership between FDATA Global and Open Banking Expo aims to strengthen global industry engagement, educate stakeholders, and accelerate industry-wide progress, with a focus on expanding discussions on Open Finance.
- The media partnership between FDATA Global and Open Banking Expo seeks to reach a global audience, with Adam Cox and Steve Boms leading discussions on the future of Open Finance across markets and elevating the voices of financial innovators, regulators, and thought leaders.
