Raidiam’s Trust Framework Technology to Power UK’s Open Property Initiative

Raidiam, a global leader in secure open data ecosystems, has partnered with the Open Property Data Association (OPDA) and the Council for Licensed Conveyancers (CLC) to deliver a new proof of concept that will digitise the UK’s homebuying and selling process.

Building on the proven success of Open Banking, the project applies Smart Data principles to the UK property sector for the first time. Raidiam – the tech firm behind the trust framework technology powering Open Banking for more than 1,000 banks worldwide – will lead the technical development and sandbox testing to demonstrate how secure API-based data sharing can create a connected interoperable property ecosystem.

 Early estimates suggest the approach – which will allow conveyancers to access all the data they need from one trusted source – could reduce time, cost, and risk in property transactions by up to two‑thirds.

The Property Data Trust Framework, which brings together data from bodies such as HM Land Registry, local authorities and conveyancers, follows a successful bid by the CLC for £742,700 to the Regulators’ Pioneer Fund, a government initiative which awards grants to regulators trialling new, more efficient ways of working. It is also supported by the Digital Property Market Steering Group and, if implemented, would provide an open standard that will support interoperability across the property market.

 The 12‑month initiative will begin with a three‑month stakeholder onboarding programme, followed by six months of sandbox testing, and conclude with published insights and recommendations designed to guide Smart Data adoption across the wider UK economy.

Barry O’Donohoe, CEO and Co-founder at Raidiam, said:“This collaboration with OPDA and the CLC marks a major milestone for the UK’s smart data ecosystem. By combining regulatory leadership with industry collaboration, and using technology as a catalyst for progress, we’re turning innovation into real world infrastructure that benefits both markets and consumers.”

 “Homebuying in the UK remains far too manual and fragmented. Together with the OPDA and CLC, we’re proving how secure, consented data sharing – enabled by the Property Data Trust Framework – can make the process faster, safer, and more transparent, creating tangible value for everyone involved.”

Maria Harris, Chair of the Open Property Data Association, said:

“Working with Raidiam allows us to unite every participant in the housing market – from regulators to lenders – within a shared governance ecosystem. It’s an important step toward a smarter, data driven property sector.

“Raidiam’s infrastructure gives property the same interoperability and trust that open banking brought to financial services. This work will set the blueprint for future cross-sector smart data schemes.”

Sheila Kumar, Chief Executive of the CLC, added:“This is a significant and hugely exciting step forward in transforming the homebuying and selling process, which for far too long has been held back by inefficiencies including a lack of unified standards, contributing to around one in three transactions falling through.

“Like Open Banking, this project has the potential to deliver the blueprint for a seamless, efficient and truly transparent experience for consumers and with experts such as Raidiam and the OPDA working together, I have no doubt that it will.”