21 October 2017
Bo Harald

Good for society at large

Bo Harald - ZEF, Transmeri, Real Time Economy Program

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Innovation in Financial Services

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

e-id and e-payment progress in 2009 - Finland

03 May 2010  |  4832 views  |  0

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.

 

 

 

 

e-id and e-payment progress in Finland TagsPayments

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job title Chairman/Founding member
location Helsinki Region
member since 2008
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