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 here.﻿﻿
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Authority concept
Authorities in Ecosystems
Role and Responsibilities
An Authority within an ecosystem is a key participant responsible for accrediting organizations and assigning Domains﻿ and Roles﻿ 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
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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

Reference Data

Domains

Authorities

Authority concept

Authorities in Ecosystems

Examples:

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