Technology company Raidiam partners with NayaOne in tech marketplace venture
In a strategic move to address cybersecurity risks in the rapidly evolving Open Banking landscape, Raidiam and NayaOne have joined forces. This collaboration aims to provide scalable and secure API access management, essential for mitigating cybersecurity risks associated with open banking interfaces.
Raidiam, a pioneer in API access management, has integrated with NayaOne, a tech marketplace, to extend its capabilities in offering secure and scalable API access management solutions. These solutions are crucial for protecting sensitive financial data accessed via APIs in Open Banking ecosystems.
With Raidiam's enterprise-grade secure data sharing solutions and API security, financial institutions and third-party providers can safely manage and control API access, thereby reducing fraud and unauthorized data access risks. This partnership is set to accelerate the adoption of secure API access frameworks, addressing cybersecurity vulnerabilities in Open Banking environments and enhancing trust in data exchange.
Raidiam's solutions have already proven their worth, underpinning significant financial infrastructure like Open Finance Brasil and the Central Bank of the UAE. This collaboration is a testament to Raidiam's expertise in securing financial APIs and data sharing at a national scale.
The partnership also leverages NayaOne's platform, which offers self-service onboarding for easier API adoption. This feature, combined with Raidiam's improved API access management, aims to reduce engineering dependency and streamline the onboarding of new partners and data-recipients, typically a manual and time-consuming process.
Moreover, the platform offers Raidiam Connect, ensuring innovations can transition seamlessly and securely into real-world production. Key rotation practices for API access management, often considered cumbersome, are streamlined through this feature, providing an added layer of security.
The collaboration between Raidiam and NayaOne also supports digital transformation across key regions, including the Middle East. This partnership is set to improve cybersecurity for Open Banking by combining Raidiam’s advanced API security technologies with NayaOne's marketplace, enabling organizations to manage API access securely and at scale, mitigating risks such as data breaches and fraud.
In addition to this partnership, NayaOne has announced another financial innovation partnership with Smart Data Foundry. Karan Jain, the CEO of NayaOne, and Barry O'Donohoe, the CEO of Raidiam, lead their respective companies in this joint mission to accelerate engagement with Raidiam's products and shorten the innovation lifecycle. This collaborative approach is set to revolutionize the Open Banking landscape, fostering a secure and innovative financial future.
[1] NayaOne Press Release: [Link to Press Release] [2] Raidiam Press Release: [Link to Press Release]
- The collaboration between Raidiam and NayaOne is aimed at providing scalable and secure API access management, critical for mitigating cybersecurity risks associated with open banking interfaces.
- Raidiam's enterprise-grade secure data sharing solutions and API security, integrated with NayaOne's platform, enable financial institutions and third-party providers to safely manage and control API access.
- This partnership is expected to accelerate the adoption of secure API access frameworks, addressing cybersecurity vulnerabilities in Open Banking environments and enhancing trust in data exchange.
- Raidiam's solutions have already been utilized in significant financial infrastructure like Open Finance Brasil and the Central Bank of the UAE, demonstrating its expertise in securing financial APIs and data sharing at a national scale.
- NayaOne's platform offers self-service onboarding, reducing engineering dependency and streamlining the onboarding of new partners and data-recipients, typically a manual and time-consuming process.
- The collaboration between Raidiam and NayaOne also supports digital transformation across key regions, including the Middle East, and aims to revolutionize the Open Banking landscape, fostering a secure and innovative financial future.
