Raidiam’s Open Banking Directory in Brazil


TozziniFreire advised Raidiam and Pinheiro Neto advised Mirow and the Associations during the negotiations of the agreement that will regulate the duties and obligations of Raidiam when rendering the Services.

Raidiam Services Limited (Raidiam) is a Digital Identity and Access management technology product and services firm based in the United Kingdom and is responsible for delivering a suitable trust framework for United Kingdom Open Banking ecosystem. Due to Raidiam’s expertise with the Open Banking systems in UK, the company was hired by the Brazilian Associations (represented by the consulting firm Mirow) responsible for the Brazilian Open Banking to provide all the directory infrastructure solutions required by Brazilian laws for the Open Banking ecosystem (Services).

This is the main agreement executed in connection with Open Banking Brazil as it will regulate the services related to the directory infrastructure that the Open Banking system will operate. The negotiation of the agreement involved discussions with all major financial institutions in Brazil.

TozziniFreire Advogados advised Raidiam Services Limited with a team including Alexei Bonamin (partner; picture), Marcela Ejnisman (partner), Marcus Fonseca (associate), Stephanie Consonni de Schryver (associate), Maria Eugênia Geve de Moraes Lacerda (associate), and Mariana Larissa Pereira (associate).

Pinheiro Neto advised Mirow & Co. do Brasil Consultoria (Mirow) and the following Associations: ABBC – BRAZILIAN ASSOCIATION OF BANKS; OCB – ORGANIZATION OF BRAZILIAN COOPERATIVES; ABECS – BRAZILIAN ASSOCIATION OF CREDIT CARDS AND SERVICES COMPANIES; BRAZILIAN ASSOCIATION OF PAYMENTS INSTITUTIONS; BRAZILIAN INTERNET ASSOCIATION, BRAZILIAN BOARD OF E-COMMERCE; BRAZILIAN ASSOCIATION OF DIGITAL CREDIT; BRAZILIAN ASSOCIATION OF FINTECHS; AND BRAZILIAN FEDERATION OF BANKS (the Associations) with a team including Larissa Galimberti (partner), Fernando Mirandez Del Nero Gomes (partner), and Augusto Bittencourt Vieira (associate).

Involved fees earner: Augusto Bittencourt Vieira – Pinheiro Neto; Larissa Maria Galimberti Afonso – Pinheiro Neto; Fernando Mirandez Del Nero Gomes – Pinheiro Neto; Alexei Bonamin – Tozzini Freire ; Stephanie Consonni de Schryver – Tozzini Freire ; Maria Eugênia Geve de Moraes Lacerda – Tozzini Freire ; Mariana Larissa Pereira – Tozzini Freire ; Marcus Vinicius Pimentel da Fonseca – Tozzini Freire ; Marcela Waksman Ejnisman – Tozzini Freire ;

Law Firms: Pinheiro Neto; Tozzini Freire ;

Clients: Mirow & Co.; Raidiam Services Limited;

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Author: Ambrogio Visconti.