Latest news with #BankID
Hamilton Spectator
31-07-2025
- Business
- Hamilton Spectator
Minimum Deposit Casinos Reveals: Gen Z and Global Players Are Moving On From Credit Cards
WATERFORD, Ireland, July 31, 2025 (GLOBE NEWSWIRE) — Minimum Deposit Casinos (MDC), the global casino review platform operated by the OneTwenty Group, has published new findings showing that traditional credit cards are no longer the go-to for online casino players. The change is being led by Gen Z, who are choosing secure, wallet-based payment options like Apple Pay, Google Pay, and Trustly. The data shows that credit card use among new online casino players dropped by 31% since 2023. At the same time, digital wallet deposits have increased by 118% among players aged 18 to 34. Apple Pay now accounts for 19% of first-time deposits at MDC's top-rated mobile casinos. Skrill and Google Pay have also seen strong year-over-year growth, rising a combined 87%. Among Gen Z users, 63% say they trust e-wallets more than traditional card entry due to enhanced security, while 54% say they prefer payment methods that don't expose their banking information directly to the casino. Tools like Trustly, which offer bank-verified payments with no separate sign-up, now account for over 40% of instant withdrawals in Sweden and Finland, often completing in under 5 minutes. 'This shift is about more than just technology,' said a lead analyst at MDC. 'It reflects a real change in player expectations. They want payment methods that match the speed and privacy of their everyday digital lives.' The trend is consistent across global markets. In Canada, Interac is the preferred method due to its direct bank access. In Finland and Sweden, Trustly with BankID sets the standard. UK players still favor debit cards and PayPal, while in New Zealand, Visa and Mastercard remain common, though POLi is becoming more popular. MDC has published a full country-by-country guide comparing the best casino payment methods for 2025. It includes rankings, speed comparisons, and tips on which options work best depending on where players live. Read the full feature: Best Online Casino Payment Methods in 2025 by Country About MDC Minimum Deposit Casinos, a division of the OneTwenty Group, helps players find secure, low-deposit casinos with fast, trustworthy payment options. Media Contact: jonathan@
Associated Press
30-07-2025
- Business
- Associated Press
iDenfy adds Sweden's BankID verification to provide a flexible onboarding workflow for Nordic users
iDenfy now offers BankID, the most trusted identity system in Sweden, to ensure a frictionless bank verification experience Kaunas County, Lithuania, July 30, 2025 -- iDenfy, a Lithuania-based identity verification and fraud prevention software provider, has announced the integration of BankID, Sweden's most widely used electronic identification system, into its multi-feature Know Your Customer (KYC) platform. This update enables a secure, government-compliant verification method that accepts electronic identities (eIDs). The new integration is particularly valuable for strictly regulated sectors, such as fintech, banking, and other online financial services, to ensure better adoption and accessibility of various online platforms through a log-in and onboarding method familiar to the Swedish audience. According to the recent statistics, BankID has 8.5 million users and a 99.4% adoption rate among Swedes aged 18 to 65. For this reason, this electronic identity verification method is named the most trusted digital identity tool in Sweden. Due to the recent integration in iDenfy's toolkit, now every business can easily choose BankID as their verification method, which allows them to simplify KYC compliance, helping build instant trust among Swedish customers. The system is suitable for both mobile and desktop versions, which provides access to online services, such as banking, with any device the clients prefer to use. At the beginning, the procedure is simple; users are securely redirected to the BankID app to authenticate and share their information. Once confirmed, iDenfy uses biometric facial recognition and cross-references the shared data to ensure complete accuracy. This two-layered authentication approach is familiar to users due to its wide adoption and is known for its high accuracy rates since more than one verification method is used in the same flow. According to iDenfy's team, this is a new industry standard not only in Sweden but in all EU countries, where many of them have plans to have approved government ID documents in a digital form in the near future. Domantas Ciulde, the CEO of iDenfy, stated, 'BankID is an essential part of everyday digital life in Sweden. Our integration adds a powerful layer of trust and speed to identity and verify identities in Sweden. This is another step toward making global compliance easier and more scalable.' Although BankID is intended to be used only in Sweden, iDenfy's biometric identity verification solution is used internationally. It can recognize and verify over 3,000 types of ID documents from more than 200 countries and territories, including passports, ID cards, driver's licenses, and residence permits. It extracts and examines information in seconds using a mix of sophisticated AI and human oversight. This results verification success rate of up to 99.99%, with most checks completed and reviewed in under three minutes. Domantas Ciulde added: 'We've invested years into perfecting our verification software to make it fast, secure, and user-friendly. Our goal is to deliver results that surpass customer expectations and meet compliance needs, all while focusing on preventing fraud.' iDenfy is offering flexibility in choosing extra KYC checks, such as requesting proof of address, age verification for age-restricted e-commerce shops, bank verification for fintech platforms for a more in-depth verification workflow, registry center checks and the ability to download PDF reports for Enhanced Due Diligence (EDD), and more, therefore every business can tailor identity verification flow to fit their needs. Thanks to its artificial intelligence tools, iDenfy can handle unlimited verification requests without downtime, which makes the company a great partner to scale any business onboarding operations without any struggle. It is important to mention that iDenfy differentiates from the competitors with its flexible pricing as the businesses pay only for approved and completed verifications. Unfinished verifications are free, therefore the companies are only charged in credits when a customer is successfully verified. For example, 1,000 credits means that the business is able to approve 1,000 users with no hidden costs and no fees for unfinished verifications. The platform complies with all major global data protection regulations, including GDPR, CCPA and SOC2. It provides long-term data retention options and secure audit logs to ensure that businesses have all needed information in one place. It is also worth mentioning for those who haven't used BankID that the integration is set up as one of the digital IDs verification methods, with more to be enabled additionally. Once active, it becomes part of iDenfy's all-in-one identity verification dashboard, where businesses can track, modify, and manage the entire verification process in real time. About the company: iDenfy is a RegTech business best known for its identity verification services and fraud prevention tools, which help ensure AML, KYC, and KYB compliance for every company, from large-scale businesses to small organizations. iDenfy was featured in G2's Spring 2025 Report as one of the leading ID verification and Anti-Money Laundering (AML) solution providers. For more information and business inquiries, please visit Contact Info: Name: Aurimas Kybartas Email: Send Email Organization: iDenfy Address: Barsausko g. 59 Phone: +37067644539 Website: Video URL: Release ID: 89165832 In case of identifying any errors, concerns, or inconsistencies within the content shared in this press release that necessitate action or if you require assistance with a press release takedown, we strongly urge you to notify us promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team is committed to addressing your concerns within 8 hours by taking necessary actions diligently to rectify any identified issues or supporting you with the removal process. Delivering accurate and reliable information remains our top priority.
Local Norway
04-07-2025
- Business
- Local Norway
Rules for getting Norway's BankID set to ease to make it more accessible
Starting next year, obtaining a BankID in Norway will no longer require a full banking relationship. This change is expected to benefit approximately 400,000 people who are currently ineligible for BankID due to not having a bank account. Currently, only those approved by a bank and eligible for a bank account can obtain a BankID. READ ALSO: What are the rules for getting BankID at Norway's banks? However, this is set to shift. The responsibility for issuing BankID will move from traditional banks to a new provider, Stø. If everything goes according to plan, the first BankID from Stø is expected to be issued in early 2026, according to the Norwegian news agency NTB. Foreigners in Norway have long complained about the difficulties of getting BankID in the country. In a recent survey of readers the single most widespread gripe among them and other online groups was the complex and drawn-out process of obtaining a BankID. Without it, daily life grinds to a halt. Advertisement 'You are effectively locked out of Norwegian society,' one reader said. 'No mobile phone number, no online shopping, no Vipps. There are some places where that is the only payment option, which is very frustrating." READ ALSO: 'Without BankID you are nobody': Foreigners in Norway lament bureaucratic headaches One respondent, Abby Noble, described it as a 'chicken and egg' conundrum. To get a BankID, you need a bank account. But to open a bank account, you need a registered address — which you often can't get without a bank account. "Why is a bank account necessary for having access to your health page in Norway?" complained Sebastian Rojas, from Chile. READ ALSO: Everything foreigners in Norway needs to know about electronic IDs
Local Norway
12-06-2025
- Business
- Local Norway
Can you use Norway's digital payments app with a temporary ID number?
Until very recently, the chance of one of Norway's banks even giving you an account, let alone BankID digital ID, on the strength of a temporary "D-number" was close to zero. You needed a fødselsnummer, Norway's standard personal number. This meant that new arrivals in the country were excluded from the system of digital identification and digital payments that is absolutely central to so much of what happens in the country. But following complaints of "digital exclusion", that has been changing. When The Local looked into which banks are willing to issue BankID to foreigners with a D-number back in February, we discovered that several in fact were. Several of the regional banks which are part of the SpareBank allliance told The Local that they had changed their policies in 2024 to allow customers with a D-number to obtain a BankID. Nordea says it is willing to grant BankID to customers with a D-number, although it seems that getting this involves visiting your bank. Advertisement This, in turn, opens the way for VIPPS accounts. In the consortium's help centre , Vipps Mobilepay, lists what customers need to open a VIPPs account, and it argues that a D-number absolutely qualifies a user for an account. To open an account, if you are over the age of 15, you need a BankID, a Norwegian social security number or D-number, a Norwegian telephone number, a registered address in the population register, a debit or credit card, a Norwegian band account, and an email address.
Local Norway
04-06-2025
- Business
- Local Norway
'Without BankID you are nobody': Foreigners in Norway lament bureaucratic headaches
Getting a Bank ID When asked to list their worst bureaucratic headaches in Norway the single most widespread gripe among our international readership and online groups was the complex and drawn-out process of obtaining a BankID, Norway's digital identity system. Without it, daily life grinds to a halt. 'You are effectively locked out of Norwegian society,' one reader said. 'No mobile phone number, no online shopping, no Vipps. There are some places where that is the only payment option, which is very frustrating." One respondent, Abby Noble, described it as a 'chicken and egg' conundrum. To get a BankID, you need a bank account. But to open a bank account, you need a registered address — which you often can't get without a bank account. "Why is a bank account necessary for having access to your health page in Norway?" complained Sebastian Rojas, from Chile. READ ALSO: What are the rules for getting a BankID at Norway's banks? The frustrations of having a D-number Many people, such as newly arrived asylum seekers or EU citizens planning to work in Norway for less than six months, or other foreign workers on job seeker permits, are only eligible for a D-number, which can make it hard to open a bank account or access a wide range of other services. Megan Thorsen said that after she was given a D-number on the back of her job-seeker visa, she struggled to set up something as basic as an internet connection. Others found that banks simply had no process for D-number holders, even when they had job offers in hand. 'I went to four banks,' one reader recalled. 'Eventually my Norwegian friend called his banker, who was shocked they couldn't help. They just hadn't seen the issue before.' But even getting a D-number seemed to take some time. 'Without a D-number, you are nobody. And nobody tells you what you're supposed to do next," one respondent moaned. Advertisement READ ALSO: How to switch from a D-number to a fødselsnummer in Norway Trouble opening bank accounts It wasn't only people on D-visas who had trouble opening bank accounts. One Polish respondent said the most frustrating thing about living and working in Norway was simply "waiting". "Over two months to open a bank account!" he exclaimed. "I think the response time to get all the papers ready is sometimes too much," Sebastian Rojas said. "To get my National ID number and the bank account took me at least three months. Without those two things in Norway you are very restricted to what you can actually do." Banks require physical documents, which are sent by post, and Norwegian post won't deliver unless your name is on the letter box. 'It was a nightmare,' said Abby Noble. 'I was only able to solve it thanks to kind Airbnb owners and friends I made at Norskkurs.' READ ALSO: What you need to know about opening a bank account in Norway UDI processing times Advertisement The Norwegian Directorate of Immigration (UDI) also came in for heavy criticism — particularly for long waits for family reunification and citizenship applications. 'Family visas are taking 12 to 15 months,' said Frida Cota, who had to endure a long-distance relationship while waiting. "Citizenship applications are now taking 30 months if they are not automatically processed. And nobody knows or will tell what the criteria is for automatic processing." Carla Colombon, from Mexico, was unable to work for over 18 months while waiting to get all the necessary paperwork done. 'Such a waste of time and skills and super expensive for my partner and me to live on only one income." She said it has also been "incredibly frustrating" not to be able to travel freely when living in Norway on a temporary visa. Advertisement Problems getting appointments/phone contact "Have you tried calling any institutions? Waiting times of 30 min and more," complained one anonymous respondent, who described Norway as "close to a failed state". "And there is no feedback, as in normal countries (you don't get an option to evaluate how the phone call went)". "When you have to register in the country, the next appointment with the police is like half a year away somewhere in Finnmark," the commenter added. Contradictory answers/poor information Several respondents complained of getting contradictory information from different government officials, or on different government websites. "The information is not coherent," complained Elva Popsen from Greece. "When you register at UDI as a job seeker, nobody tells you that you should go to NAV [the unemployment service]. Also at the tax office, nobody tells you that you should try NAV first if you don't have a job yet." "Any interaction with government institutions leads to contradictory answers," agreed an anonymous respondent, pointing to a "discrepancy between what is indicated on the website and what was provided by direct communication". Lack of understanding among ordinary Norwegians "The challenges immigrants face are not relatable to most locals," Amber Renee explained. "They've never had to get a personal number, never had to deal with UDI, and never had to understand or care about any of these processes." "This seems to carry over to the native Norwegians who design the processes or are working in service positions for the bureaucracy. They still do not relate or understand the full picture and do not really care because it doesn't affect them." Would you add any other obvious bureaucratic hurdles? Share your own experience in the comments section below.
