Deutsche Bank and Tech Quartier join forces to enact the European Union's Financial Data Regulation
In a groundbreaking development, Deutsche Bank and Frankfurt's TechQuartier innovation center have joined forces to shape the implementation of the EU regulatory framework, FIDA (Financial Data Access Regulation). This strategic cooperation aims to position Frankfurt as a premier European center for the digital transformation of finance.
Deutsche Bank, with its decade-long API Program, offers a solid foundation for secure data sharing and open banking, aligning closely with FIDA's vision for a European data economy. TechQuartier, supported by a wide network of financial and technology partners, serves as a catalyst for connecting startups and scaleups with established institutions.
The collaboration seeks to explore innovation opportunities under FIDA through events like the FIDA Roundtables and the upcoming FIDA Data Studios. These events bring together innovators, regulators, and industry stakeholders to foster dialogue and practical adoption of FIDA.
The initiative also aims to provide practical guidance on adopting FIDA regulatory standards efficiently, ensuring compliance while enabling financial services innovation and secure data sharing. The goal is to develop concrete use cases of open finance interfaces, including AI-based financial advice, digital credit lending, and RegTech applications.
TechQuartier's accelerator programs provide startups with direct access to financial institutions, regulators, and infrastructure providers, enhancing Frankfurt's appeal as an innovation hotspot for data-driven financial services. This partnership highlights Frankfurt's potential to be the nexus where compliance, cutting-edge technology, and financial practice converge, fostering a data-driven European financial ecosystem that is innovative, secure, and regulation-compliant.
Christoph Rabenseifner, Innovation Officer of Deutsche Bank, emphasizes that the bank's FIDA events demonstrate how well-designed regulation can foster innovation. Alice Rettig, Managing Director at Tech Quartier, echoes this sentiment, emphasizing the potential for an open data economy to foster collaboration between various entities.
The FIDA Digital Studios, an event taking place on September 29, 2025, as part of the SIBOS conference, is at the center of this joint initiative. These studios focus on implementability, compliance, and customer value, making them a crucial step towards realizing the vision of a European data economy.
In summary, by combining Deutsche Bank’s established open banking expertise with TechQuartier’s innovation ecosystem, the cooperation aims to make Frankfurt a premier European center for the digital transformation of finance under the FIDA framework, blending regulatory compliance with commercial and technological innovation. This collaboration is set to fundamentally change the way data is used and shared, not just in the financial sector, but across various industries, making Frankfurt an ideal location to bridge the gap between regulation, technology, and practice in the development of a European data economy.
- Deutsche Bank, with its decade-long API Program and TechQuartier's broad network of financial and technology partners, are working together to creative use cases of open finance interfaces, such as AI-based financial advice and digital credit lending, in other industries by blending regulatory compliance with commercial and technological innovation.
- The collaboration between Deutsche Bank and TechQuartier involves exploring innovation opportunities under FIDA through events like the FIDA Roundtables and the FIDA Data Studios, which bring together various entities from different industries, fostering dialogues and practical adoptions of FIDA regulations.
