Raidiam, the safe open information ecosystem supplier, is the brand new technical supply associate for the Monetary Conduct Authority’s (FCA) upcoming good information know-how sprints. The collaboration is a part of the FCA’s Good Knowledge Accelerator, a technical programme supporting the UK’s nationwide open finance technique.
The initiative, introduced by the FCA’s head of innovation, Colin Payne, on the London Tech Leaders Summit, will launch with two sprints centered on SME finance and mortgages. The programme is designed to speed up innovation in open finance by enabling collaborative growth of real-world good information options.
A sandbox for real-world options
The technical infrastructure for the sprints might be offered by Raidiam Join, the corporate’s sandbox and belief framework resolution. This atmosphere permits contributors to check person journeys, dynamic guidelines, and permissions in a safe, production-like setting.
The FCA’s Good Knowledge Accelerator sandbox may also use NayaOne’s growth atmosphere and artificial datasets offered by BigSpark. In keeping with the announcement, this mix of instruments will allow innovators to deal with sensible, real-world challenges that transcend the scope of primary sandbox testing. Contributors for the Good Knowledge Sprints might be chosen by way of a aggressive software course of.
Colin Payne, commented: “We’re delighted to announce a brand new partnership with Raidiam, offering our Good Knowledge Dash contributors entry to a secure testing atmosphere that mirrors real-world circumstances. That is the primary Dash to have Raidiam’s know-how at its core – supporting fast, protected, and accountable experimentation to ship higher outcomes for customers and the UK monetary sector.”
Advancing the UK’s open finance technique
The partnership goals to advance sensible open finance and good information options for customers, companies, and the broader UK financial system. The outcomes from the sprints might be used to tell future requirements for open finance and good information.
Barry O’Donohoe, chief govt officer and co-founder of Raidiam, stated: “The UK was first to set the worldwide normal for open banking. To step ahead into open finance and good information, regulators and innovators should have the ability to check outcomes in life like circumstances. We’re proud to assist the FCA in enabling sensible, safe innovation that delivers real advantages for customers and the broader market.”
Raidiam’s platform at present processes greater than 12 billion API calls month-to-month for over 1,000 banks globally in open banking ecosystems, together with these in Brazil and the UAE. Functions for each the SME Finance and Mortgages TechSprints are open till 2 November 2025.
