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Friday 21.02.2020 | Name days: Eleonora, Ariadne

More than 200,000 people in Baltics use Smart-ID solution

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe number of unique Smart-ID users in Baltic States currently exceeds 200,000. More than 100,000 people in Latvia, 60,500 people in Lithuania and 50,000 people in Estonia actively use the new electronic identification solution used by Swedbank and SEB Bank in their internet banking services, as confirmed by representatives of said banks.

In April, Smart-ID was used by 50,000 people to access their internet banking accounts. Smart-ID was used by more than 100,000 residents in May. In Latvia, Smart-ID, which was developed by Estonian SK ID Solutions, is used as an authentication method for accessing SEB and Swedbank internet banking accounts, representatives say.

SK ID Solutions Director Liisa Lukin comments on the new system: «Previously Latvia had no convenient electronic identification system. This is why we are proud of our achieved results. We have plans to increase the number of active users by 50,000 more. The fact that the number of users has grown means people have been waiting for a secure system for accessing their accounts a long time. In addition, EU regulations state the need for a secure authentication method for access to internet banking accounts. I recommend all users to transfer to Smart-ID solutions before use of code cards becomes even more limited.»

The company’s director continues: «Although Smart-ID is currently used in Latvia to access internet banking accounts, the range of services this system can offer is very wide. For example, Estonian residents also use it for authentication and e-signatures in the largest data portal and to access e-services provided by Starman TV company. We expect it will be possible to adapt Smart-ID to e-services in Latvia as well».

SEB Bank board member Arnis Skapars says: «Aside from security and simplicity of use, the biggest advantage of Smart-ID is the convenience it offers, as the application is stored on the phone and can be carried anywhere. This is why it is the primary choice for internet banking services offered to our clients. Only when Smart-ID does not fit the client’s needs do we search for other solutions.»

Swedbank board member and customer service manager Vadims Frolovs says with certainty that Smart-ID earned a great degree of popularity among Latvian users over a short period of time. He says: «This demonstrates our society’s openness for innovative digital solutions and that this application does make financial services simple to use on a computer or mobile device».

Ref: 225.109.109.5193


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  1. Zerry says:

    People were more or less forced to use the system. Is it reason to be proud of? Anyway, the system itself is rather ok and works well.

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