We’re thrilled to announce that Raidiam has joined the NayaOne Tech Marketplace. This collaboration empowers financial institutions to unlock scalable and secure API access for open banking, digital identity and payments, by leveraging Raidiam’s proven technology, already trusted by over 1,000 banks globally.
By streamlining API access management and strengthening security, 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 imperatives are driving retail banks globally to offer API access to their core systems.
However, this increased connectivity exposes cybersecurity risks 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 revolutionises API access management for financial institutions, ensuring
security and efficiency, enabling rapid innovation cycles.
Key features include:
- Streamlined API Access Management: Reduce engineering dependency and accelerate time-to-value.
- Enable Embedded Finance Innovation: Support experimentation with new technologies and partners, unlocking real-world use cases that can scale from sandbox to production
- Self-Service Onboarding: Make it easy for partners and customers to get started with your APIs.
Karan Jain, CEO of NayaOne, commented: “This partnership is a natural fit — NayaOne enables rapid prototyping and experimentation through our sandbox platform, while Raidiam Connect ensures those innovations can transition seamlessly and securely into real-world production. Together, we’re helping institutions unlock embedded finance and platform business models at pace.” He added: “We’re especially excited to align with Raidiam, as both our organisations are committed to supporting digital transformation across key regions, including the Middle East.
With Raidiam’s proven role in open data initiatives across four continents, this partnership reflects our shared vision for innovation and secure, scalable connectivity.” Barry O'Donohoe, CEO of Raidiam, said: “We are passionate believers that banks can offer their customers account connectivity to the apps they love, cement their role at the heart of their customers’ financial lives, and protect against cybersecurity risk. We are excited to partner with NayaOne to accelerate engagement with our products and shorten the innovation lifecycle.”
Case Study: Proven Success in Open Banking
Every regulated bank in Brazil uses Raidiam’s product for their open banking APIs. A leading Brazilian neo-bank utilises 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 and major enterprises to rapidly deploy secure and scalable open banking solutions.
- Enhanced Security: Financial-grade security for API access, mitigating cybersecurity risks.
- Accelerated API 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 and secure access for open banking, digital identity and payment APIs for over 1,000+ 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 with solutions designed to streamline onboarding, enhance security, ensure compliance, foster innovation.
NayaOne accelerates enterprise tech adoption by unifying vendor access, synthetic data, and secure test environments in one powerful platform. We eliminate the friction of fragmented solutions – cutting down vendor discovery, proof-of-concept delays, and data sourcing. With an ecosystem of top-tier vendors, realistic synthetic data, and isolated testing sandboxes, teams can validate solutions faster and more securely. NayaOne enables seamless collaboration between internal teams and external partners, streamlining the journey from discovery to deployment. It’s more than a platform – it’s your trusted advisor in driving digital transformation with speed, clarity, and confidence.
