Authorities

this section covers authorities in raidiam connect they are part the platform configuration available in reference data more information on reference data can be found reference data docid 1va0dd53w2xgc28o4nxts authority concept authorities in ecosystems role and responsibilities an authority within an ecosystem is a key participant responsible for accrediting organizations and assigning domains docid\ i0uww6vk2u3hkirrqahdw and roles docid\ xw3vr6nmb0sirrxtus107 to them authorities may either be the ecosystem's administrative organization itself or may represent the roles and information issued by an external authority within the connect platform association with countries each authority is typically associated with a single country however, the same authority can be represented multiple times across national boundaries as required linkage to authorisation domains authorities are linked to one or more authorisation domains this linkage enables them to assign roles to participants, deriving from the authority’s power to grant and manage these roles it is common for multiple authorities to be associated with the same authorisation domain this is necessary when participants require authorization from multiple sources to perform certain functions example scenario a payment initiation service provider (pisp) in the uk might be authorized for the 'open banking' authorisation domain and 'pisp' authorisation domain role by the 'uk fca' (financial conduct authority) simultaneously, they could also be authorized in the same domain but for a different role, like 'confirmation of payee (cop)', by another authority such as 'uk pay uk' ecosystem administration this system allows global administrators to accurately reflect authorization information participants within the ecosystem thus have access to details about the authorizing institution for a given authorisation domain and role examples authority country description fca uk the uk financial conduct authority royal bank of raidiam uk the royal bank of raidiam uk pra uk the uk prudential regulatory authority open banking initial structure brasil the open banking initial structure in brazil central bank of brazil brasil the brazil central bank