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Raidiam’s instrumental role in making Open Banking a reality

Raidiam designed, developed and delivered the 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. It connects banks, third parties and technical providers – enabling them to simply and securely exchange data to benefit their customers. Open Banking Brasil involved Raidiam from the very start of the initiative in 2019, to share their insights and expertise. Raidiam was instrumental in the design, development and delivery of this national ecosystem, helping Brazil achieve its incredibly swift implementation timescale. Raidiam Connect was used to provide the core Directory, Trust Framework technology, Conformance Suite, Reference Bank and Reference TPP. To date it is the fastest ever implementation of Open Banking and the quickest to extend from account information to payments functionality in a coherent way.

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