Category Archives: Open Banking/Payments

BankID Norway – Evolution and Success

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If you follow my 80+ blogs on identity, you should like this success story today.  The Norwegian digital identity scheme, BankID, serves as the #2 best financial identity case study (behind India’s UIDAI) with a penetration rate of 97% across 4.7 million citizens. What could US banks learn? What are their challenges in replicating this model? 

Today I’m giving the background on what BankID is.. In part 2 I’m going to interview my good friend Eric Woodward, former president of Early Warning and the creator of Zelle_ID (see youtube), at least until it was killed as the new CEO asked “what on earth does identity have to do with payments”. OMG

The FIDO Alliance is hosting a Webinar on Bank ID Norway tomorrow at 7am pacific.

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Wallets, APIs and Trust

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6 Page Blog

Top of mind today are Wallets, Identity and Application Program Interfaces (APIs). APIs are the core concept behind many new business models investors must decipher:

  • Software as a Service (SaaS)
  • Payments as a Service (PaaS)
  • Banking as a Service (PaaS)
  • Open Banking – PISP, AISP, ..etc
  • Account Aggregation – FDX, Plaid, Akoya, … etc
  • Payment Service Provider (PSP) – Stripe, Adyen, PYPL/Braintree, … etc

Previously, I’ve covered this topic in Open Banking and Open Payments and Trust Networks (2020)  Part 3 – Internet 2.5 (2022), Modularity and Trust (2022) and Evolution of V/MA – Moving Beyond Cards (2021). Summary points from these previous blogs:

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Identity, Authentication and Risk

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Bridging Domains – Short Blog – Random Thoughts

This is a “Random Thoughts” blog, which means there are many points that I’ve left hanging (not finished cleanly). The blog’s objective is to stimulate discussion, so please don’t hesitate to comment.  Identity is a hot topic for me with 15+ years of previous bosts. Here are a few updates … as well as my evolving perspective. 

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