FDATA
FDATA (Financial Data and Technology Association) is a North American trade association that advocates for consumer-permissioned financial data access and open banking frameworks on behalf of 30+ fintech member companies serving more than 100 million U.S. and 9 million Canadian consumers and SMEs.
- Company typePrivate
- Founded2018
- HeadquartersWashington, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What FDATA does
FDATA (Financial Data and Technology Association), legally the Financial Data and Technology Association and operating from 1 Thomas Circle NW in Washington, DC, is a private, non-profit trade association that represents more than 30 financial technology and consumer-permissioned data access companies across the United States and Canada. Originally formed in 2013, with its North American chapter established in 2018 and consolidated under the FDATA name in 2025, the organization's core function is policy advocacy and industry coordination on consumer-permissioned financial data access, open banking, payments, and data privacy. Its member roster spans aggregators (Plaid, MX, Yodlee, Flinks), payment and banking platforms (Stripe, Interac, EQ Bank, Trustly), credit and risk data providers (TransUnion, Experian), core fintechs (Betterment, Rocket Mortgage, Intuit, Xero, Questrade), and emerging infrastructure players (Sumsub, Vaultree, BasisTheory, Method, OzoneAPI), collectively serving over 100 million American and 9 million Canadian consumers and SMEs.
The association does not develop proprietary technology products. Instead, it influences open finance through comment letters to regulators (CFPB, OCC, FDIC, Federal Reserve, Finance Canada, OSFI, state securities divisions), congressional testimony, model legislation proposals, and technical standards development via a Technical Standards Working Group and a Data Aggregator Working Group. Operating committees cover Policy and Regulatory Affairs, Liability, Legal, Communications, Membership and Engagement, and a Write Access Working Group focused on agentic fintech. Distribution is managed through earned media (Fortune, Finextra, BetaKit coverage), monthly newsletters, member spotlights, an annual Global Open Finance Summit (Toronto, September 17, 2026), and active LinkedIn and X (Twitter) channels.
Revenue is generated exclusively through membership dues paid by fintech member companies, with tiered pricing based on company headcount and invoicing options of quarterly or annual billing. Membership is gated by a formal application and reputational screening regarding regulatory or criminal actions. Notable leadership includes Executive Director Steve Boms (veteran fintech policy advocate with testimony before the U.S. Senate, the Senate of Canada, and the OECD), Chair Christine Day (former CTO/CIO of Questrade), Vice Chair Kat Cloud (Head of Government Relations at Sumsub), and board members drawn from Plaid, Flinks, and Inverite.
FDATA firmographics
Firmographics- Name
- FDATA
- Legal name
- Financial Data and Technology Association
- Website
- https://fdata.global
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- FDATA (Financial Data and Technology Association) is a North American trade association that advocates for consumer-permissioned financial data access and open banking frameworks on behalf of 30+ fintech member companies serving more than 100 million U.S. and 9 million Canadian consumers and SMEs.
- Ownership category
- akta.pro rank
Where FDATA is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
FDATA business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Membership Dues: FDATA is funded through membership dues from financial technology companies and consumer-permissioned data access platforms. The association offers different membership tiers and invoicing options (quarterly or annually) based on company size (FTE count). Membership provides access to policy advocacy, working group participation, networking, and visibility benefits.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard membership with tiered pricing based on company FTE count |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
FDATA product offering
Product offeringCore offering
FDATA is a non-profit trade association that advocates for consumer-permissioned financial data access and open banking/open finance frameworks on behalf of 30+ fintech member companies across the United States and Canada. It delivers membership-based services including policy advocacy (comment letters, testimony, regulatory consultations), working group participation, biweekly All-Member Calls, networking, member spotlights, monthly newsletters, and an annual Global Open Finance Summit.
Product overview
FDATA (Financial Data and Technology Association) is a trade association representing fintech companies in the United States and Canada. Rather than offering a commercial product portfolio, FDATA provides advocacy services, industry leadership, research publications, and hosts events to advance consumer-permissioned financial data access and open banking frameworks. The organization's services include policy advocacy (comment letters, regulatory consultations, testimony), industry leadership (convening fintechs, banks, and aggregators to set best practices), research and insights (reports, blogs, case studies), and events (summits, member briefings, roundtables with policymakers). FDATA organizes its work through committees including Policy & Regulatory Affairs, Technical Standards Working Group, Data Aggregator Working Group, Liability Working Group, Legal Working Group, Communications Committee, and Membership & Engagement Committee, along with biweekly all-member calls and a Write Access Working Group focused on agentic fintech.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- FDATA members collectively serve more than 100 million American consumers and SMEs
- +3 more outcomes
Companies that use FDATA
Customer profileNamed customers25 records
Segments3 records
FDATA technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
FDATA partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SumsubcoreSumsub, a global verification and fraud prevention company, joined FDATA as a member to participate in working groups including the U.S. Policy Working Group and Canada Working Group. The partnership emphasizes embedding secure identity verification in open finance frameworks as regulatory discussions like CFPB Section 1033 gain momentum. Sumsub's sophisticated fraud data (rising over 180%) informs FDATA's policy advocacy on security in consumer-permissioned data access.
Scale indicators5 records
Recent moves9 records
Expansion highlights5 records
FDATA competitors and assessment
Company assessmentDirect peers
- Electronic Transactions Association (ETA): Trade association representing the payments and fintech industry, providing advocacy, education, and policy engagement. Comparable member-driven model with a focus on payments and financial services policy, overlapping with several FDATA members (Stripe, Trustly).
- Innovate Finance: UK-based independent industry body for the global fintech community, focused on policy advocacy and ecosystem development. Comparable trade-association model serving fintech members and engaging regulators on open finance, payments, and digital identity.
- American Fintech Council: U.S. fintech trade association advocating for responsible innovation and consumer protection in financial services. Direct peer to FDATA as another industry-body voice for fintechs on policy and regulation, with overlapping membership and similar advocacy mandate.
- Bank Policy Institute (BPI): Major U.S. banking industry policy group that actively engages on data access fees, Section 1033, and consumer data rights. A structural counterpart to FDATA in open banking rulemaking, frequently advocating on the opposite side of FDATA positions.
- Fintechs Canada: Canadian fintech industry association advocating on behalf of fintech firms. Directly comparable to FDATA's Canadian advocacy work, including engagement with Finance Canada and OSFI on Bill C-15 implementation.
- Consumer Bankers Association (CBA): U.S. trade association for retail banking, frequently engaged on consumer financial data access and open banking policy. Operates on the opposing side of many FDATA advocacy positions, making it a structural peer and counter-coalition in policy debates.
Regional players
- Open Banking Implementation Entity (OBIE): UK body responsible for implementing open banking standards and the Open Banking Directory. Comparable open-finance infrastructure role to what FDATA advocates for in North America, but UK-focused and operationally distinct.
Broad incumbents
- The Clearing House Association: Banking association and payments company representing major U.S. commercial banks. Engages on the same open banking, payments, and data access policy debates as FDATA but on the bank side of the table.
- Independent Community Bankers of America (ICBA): U.S. trade association for community banks with active policy engagement on data access, Section 1033, and consumer financial data rights. Counter-position trade body to FDATA in open banking rulemaking.
Others
- Mercator Advisory Group: Payments and fintech research and advisory firm that produces industry research often cited in open banking policy discussions. Thematically adjacent to FDATA's research and insights work for fintech ecosystem stakeholders.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
FDATA social profiles
Digital presenceFDATA financial estimates
Financial estimateRevenue estimate
Valuation estimate
FDATA leadership team
Management profileNumber of profiles
FDATA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FDATA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FDATA
What does FDATA do?
FDATA is a non-profit trade association that advocates for consumer-permissioned financial data access and open banking/open finance frameworks on behalf of 30+ fintech member companies across the United States and Canada. It delivers membership-based services including policy advocacy (comment letters, testimony, regulatory consultations), working group participation, biweekly All-Member Calls, networking, member spotlights, monthly newsletters, and an annual Global Open Finance Summit.
Is FDATA a public or private company?
FDATA is a private company. It is currently operating.
When was FDATA founded?
FDATA was founded in 2018. It employs 1 to 10 people.
Where is FDATA based?
FDATA is headquartered in Washington, United States, in the North America region.
How does FDATA make money?
One revenue line is on record: membership Dues.
Who are FDATA's main competitors?
Direct peers on record are Electronic Transactions Association (ETA), Innovate Finance, American Fintech Council, Bank Policy Institute (BPI), Fintechs Canada and Consumer Bankers Association (CBA). Open Banking Implementation Entity (OBIE) is listed as a regional player. Broad incumbents are The Clearing House Association and Independent Community Bankers of America (ICBA). Mercator Advisory Group is listed as an others.
Does FDATA have an API?
No public API is recorded for FDATA.