We’re thrilled to announce that Raidiam has joined the NayaOne Tech Marketplace. This collaboration empowers financial institutions to unlock scalable and secure access to open banking, digital identity, and payment APIs, leveraging Raidiam’s proven technology trusted by over 2000 banks globally. By streamlining API access management and elevating security to financial-grade, Raidiam enables banks to navigate the complexities of open banking and regulatory compliance with confidence.
Addressing Core Challenges for Financial Institutions
Both regulation and commercial imperative are driving retail banks globally to offer API access to their core systems. However, this increased connectivity exposes cybersecurity gaps through API access management vulnerabilities. Onboarding new partners and data-recipients is often manual and time-consuming, while key rotation practices for API access management are cumbersome. These challenges hinder innovation, increase operational costs, and expose banks to significant security risks. Raidiam addresses these challenges by providing a secure, scalable, and efficient solution for API access management.
Raidiam’s Solution: Streamlining API Access Management and Elevating Security
Raidiam’s platform is designed to revolutionise API access management for financial institutions, ensuring security and efficiency.
Key features include:
- Streamlined API Access Management: Reduce engineering dependency and accelerate time-to-value.
- Elevated API Security to Financial-Grade: Upgrade to the highest level of security with certificate-based access, eliminating vulnerabilities associated with traditional API keys and secrets.
- Self-Service Onboarding: Make it easy for partners and customers to get started with your APIs.
Raidiam’s solution empowers banks to securely and efficiently manage their API ecosystems, fostering innovation and compliance.
NayaOne has made innovation accessible to financial institutions. Now, NayaOne’s customers can access Raidiam’s full offering via the marketplace. This partnership provides institutions with access to a best-in-class solution, proven at scale in Brazil, the UK, the UAE, Australia & New Zealand, enabling US banks to solve critical API access challenges.
“We are passionate believers that banks can offer their customers account connectivity to the apps they love, cement their role as the heart of their customers financial lives, while protecting against cybersecurity risk. We are excited to partner with Naya One to accelerate engagement with our products and shorten their innovation lifecycle.”
Case Study: Proven Success in Open Banking
Every regulated bank in Brazil uses Raidiam’s product for their open banking APIs. Nubank utilizes the technology to manage connectivity with 173 data recipients, handling over 3.5 billion API calls per month, with zero cybersecurity breaches. This demonstrates Raidiam’s ability to deliver secure and scalable solutions for even the most demanding open banking environments.
Partnership Benefits
This collaboration combines NayaOne’s industry-leading Sandbox-as-a-Service with Raidiam’s robust API access management platform, enabling financial institutions to rapidly deploy secure and scalable open banking solutions. Together, Raidiam and NayaOne deliver:
- Enhanced Security: Financial-grade security for API access, mitigating cybersecurity risks.
- Accelerated Onboarding: Streamlined onboarding for partners and data recipients.
- Scalable API Management: Proven technology to handle high volumes of API calls.
- Regulatory Compliance: Solutions designed to meet the demands of open banking and other regulatory requirements.
Raidiam enables scalable & secure access for open banking & digital identity & payment APIs for 2000+ banks globally. Raidiam empowers financial institutions to navigate the complexities of open banking and digital transformation by providing a robust and secure platform for API access management. Our solutions streamline onboarding, enhance security, and ensure compliance, enabling banks to innovate with confidence.
NayaOne is revolutionising how enterprises adopt technology, enabling them to go to market faster and avoid costly tech-buying mistakes – all within a single agile platform. NayaOne offers a gateway to leading pre-vetted vendors, synthetic data and secure environments to help enterprises increase speed and reduce cost when working with the vendor ecosystem. On average, Enterprises using NayaOne save twelve months in project timelines. For more information, visit. www.nayaone.com.
