Data-driven Business Models & Data Sharing in Finance - 2025

Dates

31/03/2025 - 03/04/2025

Location

Florence

Level

Advanced training

Delivery mode

Residential

Course materials (registered participants only)

This advanced course will offer participants an in-depth view of the emerging trend of so-called Open Finance—the expansion of digital financial services enabled by the sharing, upon consent, of users’ data by service providers. The course will navigate the technical complexities of Open Finance implementation across all financial sectors, addressing aspects such as data standardisation, cross-border integrability, digital identity, and the role of non-financial data, taking into account the recent regulatory initiatives proposed at EU level.
The course will start by explaining the role of platform integration and data sharing in the context of financial services’ digitalisation and related regulations. It will then be structured around three building blocks. First, in-depth lectures and group activities will expose the participants to the technology that enables open finance and will provide an overview of the emerging data-driven business models of FinTechs, BigTechs, and traditional financial intermediaries.
Second, the course will explain the challenges associated with the emergence of such data-driven business models, including the multifaced consumer protection considerations (e.g., privacy, financial inclusion and discrimination, data custody requirements, etc.) and the complexity and data challenges of moving from Open Banking to Open Finance.
Third, the course will address the key regulations that aim to facilitate this market development and the implications of their implementation. While PSD2 has set the stage for Open Banking by outlining payment data-sharing guidelines, the Commission’s proposed framework for Financial Data Access sets out rights and obligations to manage customer data sharing beyond payment accounts, bearing in mind the impending need to implement unified API standards and data-sharing protocols to unlock the full potential of embedded finance.

Data-driven business models,
Economics of Data Sharing: Incentives and Market Failures,
Customer protection and regulation (PSD2, FIDA),
The design of future Open Finance: Open Insurance, Open Banking and beyond – a cross sectoral overview,
The key technical challenges: API and data standardisation, cross-border interoperability, and the use of non-financial data,
The role of digital identity in Open Finance and the potential of the new EU digital identity.

Logistics

The foundational training weeks will be held at the FBF, within the premises of the EUI (Florence, Italy).
Each course will start on a Monday at 9 am and will end on a Thursday, approximately at lunch time.
FBF will reimburse travel in economy class (up to 450 euros) and accommodation for the duration of the course (up to 4 nights and up to a given ceiling), local public transportation and taxi expenses up to 100 €. Lunches, coffee breaks and a social dinner/activity, as indicated in the programme of every training week will be directly covered by FBF.
Accommodation expenses will be reimbursed to participants after the event according to the following ceiling: up to EUR 160 per night (city tax included), for a maximum of 4 nights
Training participants are responsible for booking both their flight and their accommodation in Florence. These expenses will be reimbursed after the end of the event upon the upload of the travel documentation and the relevant invoices (including boarding passes) to the online EUI reimbursement application (link and instructions will be duly shared with participants after the end of the event).
A list of conveniently located hotels will be provided to participants, but they are of course free to book hotels other than the ones suggested. In both cases, participants will be reimbursed up to the agreed ceiling and for single occupancy.
If participants book a hotel and share a double room, they must ask for the single room rate to be indicated on the hotel bill. Failing this, 25% of the price of the double room will be deducted from their reimbursement.
Participants can book their accommodation also on Airbnb, but in case they share the apartment with other people, the reimbursement will be divided by the number of guests.
A private transportation service will connect participants from/to Piazza dell’Indipendenza to/from the training venue every day. A detailed timetable will be provided before the starting of each training week.

Data-driven Business Models & Data Sharing in Finance – 2025