BankID is the leading electronic identification in Sweden, based on the PKI (Public Key Infrastructure) technical standard. 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, Ikano Bank, Länsförsäkringar Bank, Nordea, SEB, Skandiabanken, Sparbanken Syd, Sparbanken Öresund, Svenska Handelsbanken, Swedbank and Ålandsbanken. 5 million people use BankID on a regular basis for a wide variety of private and public services.
The company, Finansiell ID-Teknik, provides the service of electronic identities to banks in Sweden. At the moment ten banks acts as issuers (Certification Authorities) of BankID to their customers. Together they represent about 11 million online bankers. BankID is the leading digital identification in Sweden. We expect 400 million BankID transactions to be made during 2014.
We have 5 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 the Swedish law, and within the European Union, BankID is an advanced signature and a signature with 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, using software developed by certified specialist companies. BankID is available on smart card, soft certificate as well as mobile phones, Ipads and other tablet computers.