We’re delighted to announce that Raidiam has been shortlisted in two categories at the prestigious 2024 Open Banking Expo Awards. Our pioneering work with Open Finance Brasil has earned us a place as finalists for the Best Open Finance Application, and our groundbreaking achievements with Open Insurance Brasil have secured our spot in the Best Sector Initiative category.
Now in its fourth year, the Open Banking Expo Awards are the premier accolades in the global Open Banking and Open Finance industry, recognising those driving positive change and enhancing financial well-being.
Best Open Finance Application: Our Work with Open Finance Brasil
Open Finance Brasil is the world’s largest data-sharing and financial services ecosystem, boasting over 27 million customers, 940 participating institutions, and 42 million active consents. Our advanced conformance testing ensures participants meet the highest standards in the industry, supporting the rapid growth from 11.6 billion API calls in 2022 to 51.9 billion in 2023.
Raidiam’s technology has powered this initiative from the start, and we continue to support the running and growth of this national ecosystem today, delivering enhancements to improve the experience for the ecosystem controllers, participants and the end users.
Best Sector Initiative: Leading Brazil’s Open Insurance Revolution
Brazil’s Open Insurance initiative, underpinned by Raidiam, is the world’s first fully operational non-banking ecosystem. Open Insurance Brasil went live swiftly, with over 60 participants registered within just six weeks. This rapid implementation demonstrated the agility and effectiveness of Raidiam’s core technology elements in developing and delivering an entire ecosystem in record time. As a result, consumers immediately benefited from increased access to insurance products and services.
This initiative empowers consumers with increased access, choice, and transparency, revolutionising the relationship between insurance companies and consumers.
The winners of the Open Banking Expo Awards 2024 will be announced at the event on 15 October.
Interested in learning how we can deliver a trusted data sharing ecosystem tailored to your industry’s needs? Get in touch today!
