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The banking sector is doing in practical terms all the strong e-ID transactions needed in Finland. There are some 3 600 organizations and all of the public sector using this services (dating back to the early 90s..).
Central bank statistics reveal continuing strong growth also in 2018:
2014: 56,2 million times
2017: 100,9 (a suitable and very valuable gift from the banking sector to Finland's 100 year anniversary)
2018: 125,2 (huge growth!)
2019: 160 million times? 32 times per citizen... why not. Figs from other Nordics pls..
Banks are legislated into strict KYC and must use secure tools. Banking services are used all the time (create habit) and are trusted. This secure and low cost Finnish innovation (also used for signing) has been implemented also in other Nordic and Baltic
countries. Why not everywhere?
Chairman/Founding member, board member
Transmeri, Demos, Real Time Economy Program,MyData
04 Nov 2008
04 Dec 2020
16 Nov 2020
16 Nov 2020
29 Oct 2020
This post is from a series of posts in the group:
Digital Banking trends and Industry Intelligence for Bankers, Fintechs, and Solutions Providers