Flanks and FinReg360 launch EDX: Europe’s first standardized financial data exchange protocol

Flanks. (2026, January 16). Flanks and FinReg360 launch EDX: Europe’s first standardised financial data exchange protocol. https://www.flanks.io/articles/flanks-and-finreg360-launch-edx-europes-first-standardised-financial-data-exchange-protocol

• Flanks and FinReg360 have introduced EDX as Europe's first standardized protocol for the exchange of financial position data.

• The EDX initiative aims to eliminate systemic fragmentation in the European wealth management sector by establishing a unified communication framework.

• This new protocol facilitates the secure and automated transfer of information regarding portfolios, pensions, insurance, and alternative assets.

• By streamlining data exchange between custodians and wealth managers, EDX significantly reduces manual reconciliation workloads and operational costs.

• The partnership leverages Flanks' technological infrastructure and FinReg360's regulatory expertise to ensure comprehensive compliance and data privacy.

• EDX is built on open standards to promote broader industry adoption and improve transparency within the financial advisory process.

• This launch marks a critical step toward a more integrated and digitally advanced open finance ecosystem across the European Union.

Knote: Bravissimo! This has been a problem for a while in Europe. Hopefully, it gets fully adopted, and also hopefully, it accommodates alternative investments.