All-important KYC reused

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KYC reused – good for Society at Large29 July 2018  |  3373 views  |  0

The banking sector is doing most of the strong e-ID services needed in Finland. There are some 4000 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 2017:

2014: 56,2 million times

2015: 69,4

2016: 84,7

2017: 100,9 (a suitable and very valuable gift from the banking sector to Finland’s 100 year anniversary)

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 on low cost Finnish innovation has been implemented also in other Nordic and Baltic countries.

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