What are the requirements for a FiDA system / FiDA scheme?

BiPRO e.V. (Industry Institute for Process Optimization) is a standardization body in the insurance industry that aims to simplify and standardize communication and data exchange between insurance companies and other financial industry players. BiPRO plays a crucial role in Open Finance / Open Insurance (including FiDA), as it serves as a common framework for interoperability between different systems and platforms.

BiPRO is FiDA-Ready!

Shape the Future now!

Table of contents

FiDA-System / FiDA-Scheme

FiDA-System / FiDA-Scheme

Within 18 months of the entry into force of the Regulation, data holders and data users must become members of one or more “Financial Data Access Schemes” that regulate access to customer data.

Any access to data must be carried out in accordance with the rules and modalities of a FIDA Scheme to which both the data user and the data holder belong.

The data holders and data users organised in a system for the access to financial data must:

  • represent a significant part of the market
  • Be open to new stakeholders and treat all stakeholders equally
  • form joint committees to make decisions for the system
  • Involve advisory customer and consumer organisations
  • jointly determine the remuneration that data users must pay to data holders for data access
  • sich der Aufsicht durch die nationale Aufsichtsbehörde unterwerfen sowie
  • establish common standards* for data and technical interfaces

*If available, established market standards should be used

FiDA

BiPRO is FIDA-Ready!

BiPRO focuses on process optimization, standardization and community. The BiPRO standards have created an industry-wide, generally recognized market standard that enables sustainable digitalization of the insurance industry.

Thanks to the large BiPRO community, Germany is becoming a pioneer of digital insurance communication in the EU, while other countries and initiatives essentially have to start from scratch when it comes to standardization.

The BiPRO data model and the specifications of the interfaces already largely cover the requirements of FiDA, including with regard to end customer processes and customer data. The industry-wide implementation of data transmission is well advanced for most members.

Member companies

K. Interfaces

M. transactions p.a.

Years of work

The BiPRO community consists of more than 300 member companies.

Together, the essential processes of the insurance industry were standardized.

BiPRO community drives digitalization of the industry.

The association has been supporting its community with know-how for almost 20 years.

Shape the future now

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By registering, you expressly consent to the data collected being stored and processed by us. The data storage/processing takes place exclusively for the purpose of conducting the above-mentioned event. The storage and processing of any previous data collected in another context is not affected by this. The legal basis for the storage and processing of the data collected with the registration is Art. 6 Paragraph 1 Clause 1 Letters a), b), f) GDPR. Please also note the additional information on data protection.

*Legal notice
I agree that the name of my company may be mentioned as a permanent participant in the Open Insurance working group of BiPRO e.V. If you do not agree to this, please send a short message to fida@bipro.net.