Mr Open Banking Eyal Sivan joins Raidiam

Eyal Sivan, known to many in the industry as Mr Open Banking, has joined data sharing ecosystem Raidiam as vice president of open banking and smart data.

Sivan joins Raidiam from Axway where he was head of open banking and led the development of its open banking practice.

Set up in 2016, Raidiam is run by two of its founders, Ralph Bragg and Barry O’Donohoe, and following its first major project designing and delivering the Open Banking Trust Framework in the UK, it now helps other countries create, implement and run open data ecosystems.

“For those who don't already know them, it is no exaggeration to say that Raidiam lives at the center of the open banking universe. Everywhere you look where open banking has been successful, be it the UK, Brazil or Australia, there is Raidiam,” Sivan wrote in a LinkedIn post.

“Under the hood, it is Raidiam technology that provides what is arguably the single most important ingredient in open banking: trust. Simply put, Raidiam powers the most trusted data sharing ecosystems in the world.”

At Radiam, Sivan will further expand the company’s global presence, remaining in Canada to help in North America as its open banking journey progresses.

Sivan described North America as a “key emerging market” for open banking, and said Raidiam is the “best placed” company to support both the industry and regulators in achieving their smart data aspirations.

“We are delighted that Eyal has chosen to join the Raidiam team, as we know that he shares our vision of a future in which consumer data rights unlock endless benefits and commercial value,” Raidiam co-founder and COO Barry O’Donohoe said.

“Eyal is incredibly well connected in the Open Banking world and highly respected for his in-depth knowledge of the sector and the opportunities it creates for businesses in all aspects of their operations.”