How should FiDA work? FiDA schematic diagram

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 schematic diagram

What is Financial Data Access Regulation

CUSTOMER: Natural or legal person

DATA HOLDER: Financial institution required to grant access to customer data under this Regulation.

DATA USER is an entity (financial institution or financial information service provider (FISP)) that has lawful access to customer data with the permission of a customer.

CUSTOMER DATA: Personal and non-personal information collected, stored and otherwise processed by a financial institution in the normal course of its business with customers, including both information provided by a customer and information that arises as a result of the customer’s interaction with the financial institution.

PERMISSION DASHBOARD: allows the customer to manage and control access authorizations

DATA USE PERIMETERS: Information on data use in the provision of financial services and products (insurance, creditworthiness)

FiDA: Data access

The Data Holder shall, upon electronic request from a Customer, make the Customer Data available to a Data User for the purposes for which the Customer has given its consent to the Data Holder.

The customer data will be made available to the data user 1) based on generally accepted standards, 2) at least in the same quality as that available to the data owner, 3) promptly, 4) continuously and 5) in real time.

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

Free registration

Open Insurance Working Group

Personal Information:
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Data protection*

Legal notice*

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*Data protection
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.