Raidiam and Oxford Saïd Business School work on Open Finance infrastructure research

Source: Raidiam

Raidiam, a global leader in secure Open Data ecosystems and the Financial Conduct Authority’s (FCA) technical delivery partner for its Smart Data Sprints, has announced a research partnership with Saïd Business School, University of Oxford. The programme, commissioned by the FCA’s Smart Data Accelerator, will design testable infrastructure models for Open Finance and Smart Data in the UK.

The collaboration, highlighted at the FCA Mortgages & SME Finance TechSprint Showcase Day will contribute to a multi‑chapter research report examining alternative infrastructure, technology and governance models capable of underpinning a future UK Open Finance ecosystem.

The research is being led independently by Professor Pınar Özcan, director of the Oxford Future of Finance and Technology Initiative, and researcher Kyeyoung Shin.

The programme will examine infrastructure and data architecture models across four key dimensions:

• Infrastructure and standardisation: ecosystem rails, APIs, interoperability and resilience
• Technology: including agentic AI, blockchain/distributed ledger technology (DLT) and quantum‑readiness
• Trust and consent frameworks: consumer control, ethical data use and data assurance
• Governance and liability frameworks

Saïd Business School will lead the independent research programme, combining global benchmarking, stakeholder engagement and structured architectural modelling. Raidiam will contribute technical and domain expertise drawn from experience designing and operating regulated, high‑trust data‑sharing ecosystems.

Led by John Heaton‑Armstrong, the Raidiam team will support the translation of conceptual infrastructure models into technically coherent, testable blueprints suitable for structured experimentation within the FCA Innovation Department’s Digital Sandbox using synthetic datasets.

Barry O’Donohoe, chief executive officer and co‑founder of Raidiam, said: “As the UK considers the evolution from Open Banking to broader Open Finance and Smart Data regimes, infrastructure choices will shape market participation, resilience and consumer protection for years to come. We are pleased to support Saïd Business School and the FCA’s Smart Data Accelerator by contributing implementation insight from regulated ecosystems, helping ensure proposed models are both technically credible and capable of structured testing.”

Professor Pınar Özcan, Saïd Business School, University of Oxford, added: “The UK is at a pivotal moment in the development of Open Finance. This research will compare alternative infrastructure and governance configurations, drawing on international experience and stakeholder engagement, to provide the FCA with evidence-based options for experimentation and future policy development.”

A central premise of the project is that infrastructure design decisions – including identity frameworks, accreditation models, trust anchors, consent representation and standards governance – are not neutral. These choices influence who can participate, how quickly ecosystems scale, how risks are monitored and how liability is allocated.

The research will develop multiple architectural models, including centrally coordinated, federated interoperability and hybrid approaches. Each model will specify the technical components required for simulation within the FCA’s Digital Sandbox using synthetic datasets, and will articulate integration considerations, operational dependencies and testing parameters.

The project runs until the end of March 2026, with a final report scheduled for submission on 31 March 2026. The findings are expected to support future experimentation within the FCA’s innovation functions and may inform future policy development and industry research outputs.

Further reading: Raidiam and OPDA partner to digitise UK property transactions