We look into the Financial Data Access Regulation

There is a new piece of legislation being haggled over in the EU called the Financial Data Access regulation or FiDA.  The idea is to share banking data with fintechs and banks in order to democratise financial services and create way more competition in the banking sector. It’s quite complex as to what will happen to this personal data and many are nervous about sharing anything with the big social media giants. Joe discusses this further with Kathrina Murphy Partner with EY.