Community
Bank e-id serve the entire public sector (in several other countries as well) and eliminates the need for expensive and user-un-friendly one-purpose-smart-card solutions (also non-bank customers have the right to get bank-id for this purpose). Also a wide array of strong-authentication needing private sector services and even trade unions contribute to the growth in strong e-id transactions (the habit and cost-efficiency is naturally created in e-banking - some 500 million times). I
Is this the most cost-efficient alternative and familiar and userfriendly and secure and model for public-private partnership and saving tax payer's money? You bet!
When looking at volumes for these innovations it has to be remembered that Finland is a 5,5m country – proportionally transferred to for example Germany this would be about 270m e-id transactions and 450m e-commerce payments.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Neil O'Connor CTO, Experian Consumer Services at Experian
13 June
David Weinstein Co-founder and CEO at KayOS
Ruchi Rathor Founder at Payomatix Technologies
11 June
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
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