Financial Services Data Exchange Solutions

The Financial Services industry thrives on actionable insights derived from vast amounts of data. Retail banks analyze anonymized customer transactions to personalize services, private equity firms explore multiple data sources for investment opportunities, and hedge funds rely on financial and non-financial data - known as “alternative data" - to train, then feed in real time, their investment algorithms. Yet, data fragmentation, limited access to data, lack of interoperability, and regulatory scrutiny often hinder their ability to fully capitalize on these opportunities.

A robust Data Exchange solution addresses these challenges by enabling secure access and exchange of all types of data. For instance, investment firms can integrate satellite imagery and sentiment analysis to evaluate supply chain disruptions before financial reports are published. Similarly, retail banks can collaborate with FinTechs in open banking initiatives, providing customers with seamless digital experiences while adhering to regulations such as the Financial Data Access Regulation (FiDA).

By fostering collaboration across traditional and emerging players, such as FinTechs and technology providers, financial institutions can unlock new value streams, enhance decision-making, manage regulatory requirements, innovate with confidence in a secure, compliant and trusted data ecosystem.

Trust drives collaboration and cements the relationship between parties engaged in a data transaction. Building trust is critical to foster a strong, resilient data economy. As of March 25, 2026, the CEN & CENELEC officially made available the first standard in the harmonised European Standard series on Trusted Data Transactions —EN 18235-1:2026, requested by the European Commission as part of Mandate M/614 - EU Trusted Data Framework.

Dawex has been instrumental in the launch in 2023 of a pre-standardization process within the European Committee for Standardization (CEN), on Trusted Data Transaction , bringing together numerous organizations, associations and corporations, including the European Commission, Fraunhofer ISST, Dawex, TNO, IDSA, BDVA, Gaia-X, Fiware Foundation, Microsoft, Orange, EDF and Airbus. 

Trusted Data Transaction is an important standardization initiative. Its deliverables - CWA Part 1 and Part 2 - serve as direct inputs to CENJTC25, Working Group 2, for the drafting of harmonised European Standards (hEN) on Trusted Data Transactions, requested by the European Commission and linked to the Article 33 of the Data Act.

On July 1, 2025, the European Commission has published in its final form a Standardization Request for a harmonized European Standard (hEN) on Trusted Data Transaction, under the umbrella of a European Trusted Data Framework, among other requests.

On March 25, 2026, Trusted Data Transaction Part 1 on Terminology, concepts and mechanisms, ratified in February, 2026, was made available as Harmonised European Standard ahead of the initial deadline.

The full potential of data explodes when data circulates. All industries can benefit from the myriad of information coming from extended ecosystems such as aerospace, automotive, media, insurance or energy, just to name a few. By facilitating access to data in a trusted and secure environment, organizations can build strong data partnerships to foster innovation and build powerful use cases.