wealthAPI appoints Nicola Breyer to advisory board ahead of FiDA regulation

Source: wealthAPI / Breforth Communications

wealthAPI, the leading provider of data and API solutions for the wealth management and financial industry, is expanding its advisory board to include fintech manager and Open Finance expert Nicola Breyer (main image). This appointment highlights wealthAPI’s commitment to expanding and strengthening its position in the evolving Open Finance environment, particularly in anticipation of the upcoming Financial Data Access (FiDA) regulation.

Nicola Breyer is widely regarded as one of the most influential figures in the European Open Finance ecosystem. In her role as Open Finance expert, she will support wealthAPI in its aligning strategically with FiDA. Previously, she served as chief executive officer of Open Finance platform Qwist and has played a key role in shaping the Open Data economy.

André Rabenstein, chief executive officer of wealthAPI, comments: “We are delighted to welcome Nicola Breyer to our advisory board. With FiDA on the horizon, our industry is set to undergo a significant transformation across Europe.

“Nicola’s exceptional expertise and strategic insight into the Open Data economy will be invaluable in establishing wealthAPI as a market leader in high-quality wealth data across Europe.”

Breyer adds: “Open Finance is moving from concept to practice, with the goal to make financial data accessible for customers and to transform financial advisory services. wealthAPI is playing a pivotal role in the German and European wealth management landscape.

“I am looking forward to supporting the team in realising the FiDA’s potential and developing the next generation of data-driven solutions for financial institutions and independent advisers.”

FiDA aims to expand data exchange beyond Open Banking to encompass the broader spectrum of wealth management, a core business area for wealthAPI. Breyer will advise wealthAPI on the strategic implications of the FiDA regulation, helping them to anticipate and implement these early on. She will also further advance the strategic development of wealthAPI through her network and expertise, including in the field of AI.

This appointment strengthens wealthAPI’s position as an active driver of the Open Finance ecosystem in Germany and Europe. Furthermore, it will accelerate the development of new data-driven products.