BankID expands Digital Identification Safety with OneSpan

OneSpan, a digital agreements safety firm, has expanded its OneSpan Cloud Authentication service with BankID.

BankID first launched with OneSpan in September 2021 and has already reached a multi-million person milestone that’s anticipated to proceed rising as BankID’s know-how adoption will increase. This expanded partnership additional solidifies the essential function BankID has entrusted to OneSpan to supply high-assurance safety and meet compliance requirements inside the Norwegian vital nationwide infrastructure. 

Issued by greater than 90 banks and 9,000 retailers, together with tax authorities, actual property brokers, and training establishments, BankID is by far probably the most widely-used private e-ID that gives safe and easy identification authentication and digital signing in Norway. In the present day, greater than 4 million Norwegians use BankID day by day to do their banking, store on-line or entry very important public digital companies. 

OneSpan’s Cloud Authentication service, mixed with its award-winning Cell Safety Suite and App Shielding applied sciences, are serving to safe Norway’s digital identification purposes. OneSpan Cloud Authentication is a contemporary cloud-based answer designed to permit firms all over the world to hook up with a high-security orchestrated authentication service and shortly obtain full person base protection. The collaboration between BankID and OneSpan permits an important digital interactions to be delivered with the best safety by cell identification provisioning, sturdy person authentication, transaction safety, and digital signing. Bringing collectively an array of next-generation digital identification options, this partnership delivers on what shoppers are more and more calling for: easy but extremely safe entry to their monetary and non-financial purposes with a single identification.

Jan Bjerved, head of BankID, stated: “BankID is, and can proceed to stay, a central a part of our customers’ day by day lives.

“We’re sturdy believers in creating magic for the customers by way of expertise, with as little friction as attainable and customers feeling secure and safe when utilizing our companies. Our belief in OneSpan relies on their confirmed options that guarantee we offer the best degree of safety to our whole inhabitants.”

In the present day, simply 14% of key public companies throughout the European Union (EU) states enable cross-border authentication with e-ID. By September 2023, all EU member nations should make a digital identification pockets accessible to each citizen who needs one. With the appearance of Digital Identification and Belief Providers (eIDAS) 2.0, the European Fee intends to make cross-border e-ID transactions a actuality. Adopting superior market-leading safety cloud companies, comparable to these supplied by OneSpan, is more and more related for e-ID suppliers to seize a global market place for the five hundred million residents lined by eIDAS 2.0. 

OneSpan president and CEO, Matthew Moynahan, stated: “The world wants security-infused workflows native to digital experiences, like BankID’s answer, that protect and improve the shopper expertise and assure the integrity of individuals, knowledge, transactions, and documentation.

“In a world the place the best ranges of assurance are required to ascertain customers’ identities, our partnership with BankID lays the muse for the way forward for safe digital identification platforms and unlocks a brand new world of experiences that may now embrace cross-border transactions.”

Bjerved added: “We at the moment are additional enhancing our companies with the launch of our new BankID app, quickly additionally with biometric authentication, that may supply our 4.3 million customers an excellent quicker and less complicated identification on-line. The brand new app will enable higher communication with the customers and the ambition is to develop the app to turn into a digital identification pockets that gives a variety of worth including companies sooner or later.”

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