Bolivia: building ecosystem foundations for the future
Raidiam delivered open banking training and ecosystem design for Bolivia — building the foundations that will support future expansion across financial services.
Building the foundations that will support future expansion across financial services
How Raidiam advised Bolivia's financial regulator on open banking — designing for day one and every expansion after.
The Challenge
Bolivia's financial regulator, ASFI (Autoridad de Supervisión del Sistema Financiero), sought to explore open banking as a mechanism for financial inclusion and market modernisation. The country's financial sector — banks, fintechs, and the regulatory authority itself — needed education, strategic guidance, and a framework for moving forward. The engagement was facilitated through the British Embassy in La Paz and the UK Department for Business and Trade (DBT).
- Bolivia’s financial sector needed foundational understanding of open banking
- The regulator required a strategic framework for potential implementation
- Banks and fintechs needed to understand the risks, benefits, and infrastructure requirements
- International best practices from Brazil, UK, and Australia needed to be contextualised for Bolivia
- The engagement needed to build consensus across government, regulators, and industry
The Solution
Raidiam Advisedelivered a bespoke advisory programme tailored to Bolivia's financial sector and regulatory environment.
Key deliverables:
- Training programme for 60 senior executives from ASFI, the finance ministry, banks, and fintechs
- Strategic report on open banking implementation options for Bolivia
- Ecosystem design recommendations based on lessons from Brazil, UK, and Australia
- Keynote address at Fintech Summit Bolivia
- Framework for phased regulatory implementation
The Numbers
Impact
The Bolivia engagement demonstrates Raidiam's advisory capability — the ability to work upstream with regulators and policymakers before technology procurement begins, designing foundations that will support future expansion across financial services.
This is how many of Raidiam's largest platform deployments start: with strategic advice that shapes the ecosystem before building it. The programme equipped ASFI with actionable recommendations and gave Bolivia's financial sector a shared understanding of how open banking foundations, built right from the start, can expand to drive financial inclusion and modernisation across every sector.
Products used
The ecosystem control plane powering the world's largest digital economies
Brazil Open Finance
- —940+ institutions
- —100B+ API calls/year
Central Bank of Brazil
Brazil Open Insurance
- —42 providers
- —1.18M monthly API calls
Superintendência de Seguros Privados
Australia ConnectID
- —Big Four banks
- —10M+ customers
Australian Payments Plus
NZ Fraud Data Sharing
- —NZBA member banks
- —Fraud prevention network
New Zealand Banking Association
UAE Open Finance
- —Central Bank of UAE
- —National ecosystem
Central Bank of UAE
UK Smart Data
- —Cross-sector trust
- —Open Banking origins
UK Government / FCA
Our clients include central banks, payment scheme operators, and globally systemically important financial institutions. We don't build point solutions. We operate the ecosystem control plane that the world's financial system depends on. They built once. They keep expanding.
Raidiam is a founding contributor to OpenID Federation and actively shapes the standards that define how digital trust ecosystems work globally. OpenID Federation is the standard. Raidiam Connect is the ecosystem control plane that makes it work at national scale — and lets it expand to whatever comes next.
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