BankID key facts
Last updated- Legal entity
- Finansiell ID-Teknik BID AB
- Headquarters
- Sweden (SE)
- Ownership
- Part of Owned by a consortium of Swedish banks (Handelsbanken, Swedbank, SEB, etc.)
- Founded
- 2002
- Data hosting
- Sweden
- Infrastructure
- Self-hosted / Private Infrastructure
- Deployment
- SaaS
- Open source
- No
- US Cloud Act exposure
- Low (no US parent)
- Certifications
- Swedish Electronic Identification (Svensk e-legitimation)
- Replaces
- Okta, Ping Identity, Itsme (Belgium), NemID/MitID (Denmark), iDIN (Netherlands)
About BankID
BankID is the leading electronic identification system in Sweden, managed by Finansiell ID-Teknik BID AB. It was founded through a collaboration between several large banks, including SEB, Swedbank, and Handelsbanken, to provide a secure and standardized method for digital identity verification. The service allows individuals to identify themselves and sign documents electronically with the same legal standing as a physical signature. The infrastructure supports over 6,000 relying parties, ranging from government agencies like the Swedish Tax Agency to private e-commerce and fintech platforms. As a critical piece of Sweden's digital infrastructure, it processes billions of transactions annually. While primarily a B2C service for citizens, it provides extensive B2B APIs and integration tools for organizations requiring high-assurance authentication and KYC (Know Your Customer) compliance within the Swedish market.
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Target Segments
Deployment Options
Hosting & Security
Self-hosted / Private Infrastructure
Key Features
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