In this episode of the Payments Trialogue, Michael Salmony, Gijs Boudewijn, and Ralf Ohlhausen discuss the evolving landscape of open finance, focusing on the FIDA proposal and its implications for data access and collaboration within the financial industry. They explore the importance of customer-centric approaches, the distinction between data access and sharing, and the relevance of existing models like SPAA in fostering cooperation among industry players and minimising regulation. The conversation also addresses global trends in open finance, the challenges of fragmentation, and the need for coordinated efforts to ensure a harmonized approach across sectors.