Raidiam, the safe open knowledge ecosystem supplier, is the brand new technical supply associate for the Monetary Conduct Authority’s (FCA) upcoming sensible knowledge expertise sprints. The collaboration is a part of the FCA’s Sensible 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 targeted on SME finance and mortgages. The programme is designed to speed up innovation in open finance by enabling collaborative growth of real-world sensible knowledge options.

A sandbox for real-world options

The technical infrastructure for the sprints shall be supplied by Raidiam Join, the corporate’s sandbox and belief framework answer. This surroundings permits contributors to check person journeys, dynamic guidelines, and permissions in a safe, production-like setting.

The FCA’s Sensible Knowledge Accelerator sandbox may even use NayaOne’s growth surroundings and artificial datasets supplied by BigSpark. In accordance with the announcement, this mixture of instruments will allow innovators to handle sensible, real-world challenges that transcend the scope of primary sandbox testing. Members for the Sensible Knowledge Sprints shall be chosen via a aggressive utility course of.

Colin Payne, commented: “We’re delighted to announce a brand new partnership with Raidiam, offering our Sensible Knowledge Dash contributors entry to a steady testing surroundings that mirrors real-world situations. That is the primary Dash to have Raidiam’s expertise 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 sensible knowledge options for customers, companies, and the broader UK economic system. The outcomes from the sprints shall be used to tell future requirements for open finance and sensible knowledge.

Barry O’Donohoe, chief govt officer and co-founder of Raidiam, stated: “The UK was first to set the worldwide customary for open banking. To step ahead into open finance and sensible knowledge, regulators and innovators should be capable to check outcomes in practical situations. 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 presently 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.