BankID (Dictionary Entry)

Quotes

BankID is the leading electronic identification in Sweden. BankID has been developed by a number of large banks for use by members of the public, authorities and companies. The first BankID was issued in 2003. The BankID network includes Danske Bank, ICA Banken, Ikano Bank, Länsförsäkringar Bank, Nordea, SEB, Skandiabanken, Sparbanken Syd, Svenska Handelsbanken, Swedbank and Ålandsbanken. 8 million people use BankID on a regular basis for a wide variety of private and public services.

BankID have 8 million active users. Many services are provided where citizens can use their BankID for digital identification as well as signing transactions and documents. The services vary from online and mobile banking, e-trade to tax declaration and are provided by government, municipality, banks and companies. BankID is used both for identification as well as signing. According to Swedish law, and within the European Union, BankID is an advanced signature and a signature made with a BankID is legally binding.

The customer’s identification is guaranteed by the bank issuing the BankID. Authorities, companies and other organizations must check the validity of the customer’s identity and signature. BankID is available on smart card, computers, mobile phones and tablet devices.

Bibliography

• https://www.bankid.com

See Also