Advocating for open finance across North America

The Financial Data and Technology Association’s members collectively serve more than 100 million American consumers and small and medium enterprises (“SMEs”) and 9 million Canadian consumers and SMEs by providing financial management and accounting tools, digital banking services, access to investment and savings platforms, affordable credit products, and other financial services. FDATA was founded in early 2018 by several firms whose technology-based products and services allow consumers and small businesses to improve their financial wellbeing.

As the leading trade association advocating for customer-permissioned access to financial data, FDATA’s members include firms with a variety of different business models. Regardless of their business model, each FDATA’s product or service shares one fundamental and foundational requisite: the ability of a customer to actively permission access to some component of their own financial data that is held by financial services providers. We continue to provide technical expertise to policymakers and to regulatory bodies internationally that are contemplating, designing, and implementing open finance frameworks.