Banco Santander selects Raidiam for Open Banking

Ellie Duncan
27 May 2021

UK fintech Raidiam has been chosen by Banco Santander as its implementation partner for Open Banking.

In a LinkedIn post, Raidiam announced it has been selected to implement the Financial-grade API (FAPI) consent and directory integrations required by Open Banking Brazil.

The fintech also confirmed that in addition to providing the Directorio Trust Services and OpenID Financial Grade Identity Services underpinning the Open Banking Brazil ecosystem, Raidiam is recognised as global standards experts and implementation specialists in the domain of Open Banking.

Santander Brazil is the largest division of Santander Group outside of Europe and is the fifth-largest banking institution in Brazil.

In a post on LinkedIn, Raidiam wrote: “Our solutions will help Santander meet the highest standards demanded by the newly-published Open Banking Brasil Security Standards that include all of the integrations with the Open Banking Trust Services ready to go.

“Raidiam is excited to accelerate Banco Santander’s Open Banking programme.”