Inventing the Future of Financial Data Access Scheme Management

Scheme2 delivers an unparalleled blend of expert processes and intelligent IT solutions, empowering financial data access scheme managers to effortlessly establish, govern, and maintain full regulatory compliance.

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Our Solution

End-to-End Scheme Creation & Compliance

Scheme2 provides a comprehensive solution for financial data access scheme managers. We combine efficient processes with intelligent IT solutions, guiding you through every step: from developing your scheme and creating its rulebook, to managing membership and ensuring full compliance with the evolving FIDA regulation.

Unrivaled Expertise & Strategic Facilitation

Our unique approach is based on a thorough analysis of established schemes, especially those developed by the EPC (e.g., SEPA payments and SEPA payment accounts access scheme). Scheme2 supports the entire ecosystem, identifying all essential stakeholders, clarifying their contributions, and addressing every critical aspect, including transparent fee structures, strong risk management, and efficient certification processes.

Tailored for Leaders, Deployable Your Way

Our solution is designed for forward-thinking scheme managers: leading industry organizations, innovative consultancy firms, and multinational financial institutions (banks, insurance companies, investment firms). Scheme2 offers maximum flexibility, deployable either on-premise for full control or as a service for cloud convenience. You can choose our ready-to-use default suite for rapid deployment or opt for a custom implementation designed to meet your unique requirements.

Ready to Pioneer Your Financial Data Scheme?

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Why Scheme2

Scheme2: Empowering the Future of Financial Data Sharing

The European Union's Financial Data Access (FIDA) framework will transform the financial landscape, creating a dynamic ecosystem where data can be securely and efficiently shared. At the heart of this transformation are scheme managers – the vital institutions, organizations, or companies responsible for implementing and ensuring the success of FIDA's Financial Data Sharing Schemes (FDSS).

Scheme managers have a multifaceted and critical role. They're tasked with:

  • Defining technical standards: Establishing common protocols, interfaces, and authentication procedures for secure data exchange, ensuring high-quality APIs and strong data integrity.
  • Setting clear rules: Creating comprehensive guidelines for scheme members, covering everything from membership criteria and transparency requirements to how rules are amended.
  • Standardizing contracts: Developing agreements that clearly define the contractual liabilities of all members, which fosters clarity and accountability.
  • Resolving disputes: Providing effective ways to mediate disagreements among scheme members, crucial for maintaining market stability and trust.
  • Fair compensation models: Devising fair models for data holders to charge data users for data access.

Why Effective Scheme Management is Crucial

Effective scheme management isn't just about compliance; it's the foundation for innovation and competition within FIDA. By ensuring strong technical standards and clear operational rules, scheme managers facilitate smooth interoperability among diverse financial institutions and new market entrants. This paves the way for advanced financial services like personal analytics, intelligent robo-advisors, and simplified loan applications.

The complexities involved suggest that specialized entities or consortia—"infrastructure providers"—will emerge to offer essential tools, such as API and consent management platforms. This opens a new market segment for technology and service providers, enabling financial institutions to outsource or partner for these capabilities.

Ultimately, a scheme manager's success, and by extension FIDA's, hinges on creating an environment where valuable new services can flourish. This demands a strategic, market-oriented approach, proactively identifying use cases and helping create services that genuinely benefit consumers and businesses. Scheme managers are not just administrators; they are active ecosystem leaders, orchestrating a thriving Open Finance market.

Introducing Scheme2: Your Partner in FIDA Scheme Creation

The challenges facing scheme managers are significant. That's why Scheme2 was developed to help.

Scheme2 is a powerful solution designed to facilitate smooth cooperation among all stakeholders in the financial data ecosystem, regardless of their access rights. Our tool guides scheme managers through the complex process of creating a comprehensive FIDA scheme. We simplify the complex task of defining operational rules, technical standards, and governance structures applicable across all financial industries—from banking and insurance to pensions and investments.

The Scheme2 approach, as our name suggests, represents a framework for orchestrating successful data-sharing initiatives. It ensures that every part of your scheme is carefully defined and aligned with regulatory requirements and industry best practices.

See Scheme2 in Action

Ready to navigate the complexities of FIDA scheme creation with confidence? Our demo offers a glimpse into how Scheme2 can empower you to efficiently build a robust, compliant, and tailored FIDA scheme.

Request a demo today and discover how Scheme2 can transform your approach to financial data sharing.

About Us

Scheme2 is a proud brand of QRQS, a company fortified by over 25 years of profound experience in the dynamic financial market. We specialize in providing cutting-edge, flexible IT solutions for the financial and corporate sectors, built upon advanced artificial intelligence and the most stringent security standards.

Our core mission is to empower our clients to seamlessly digitize their operations, ensuring unwavering regulatory compliance, and unlocking maximum business value through the intelligent orchestration of resources and technology.

The bedrock of our success lies in our extensive experience and an unyielding commitment to delivering groundbreaking solutions, prominently featuring the strategic integration of AI at every stage of implementation. The systems we offer are inherently scalable, remarkably flexible, and designed to seamlessly adapt to our clients' evolving operational demands.

We stand as dedicated partners, supporting our clients at every juncture of implementation, guaranteeing the pinnacle of solution quality, operational compliance, and unparalleled efficiency within an ever-evolving regulatory landscape.

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