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Open banking UK delivered by Raidiam
Case studies

Open Banking UK

Welcome to the world's first Trust Framework for Open Banking UK

Raidiam designed, developed and delivered the world’s first Trust Framework and services for Open Banking in the UK, and was the only technical consultancy involved with the UK’s Open Banking Implementation Entity (OBIE) from the start.

The UK was a global frontrunner in Open Banking, providing a blueprint that others are now following. For the first time, banks, third parties and technical providers could connect, enabling them to simply and securely exchange data to benefit their customers.

Raidiam provided consultancy on standards and procedures to support the development of the ecosystem; this guidance has ensured adherence to best practices and promoted a consistent approach to interoperability. We also actively engaged with different stakeholders to ensure a common and shared understanding of specifications, certification requirements, and the overall ecosystem dynamics.

The scale of Open Banking UK

249
Third-Party Providers
90
Account Providers
1.6 bn
avg. API calls per month

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