BankID is Norway's leading electronic identification method and like BankID in Sweden, it was developed by some major banks. The Norwegian BankID was launched in 2004 and today they support a total of over 4 million Norwegians in connection with login, access to banking and insurance, payment online, identification via mobiles and in support of anti-money laundering legislation.
"Norwegian BankID" can be used as a signature on all documents and is a binding signing method. This signature form is more secure than an old-fashioned signature made with a pen on a piece of paper. This is because a stamp is electronically incorporated into the signed PDF, in which several pieces of information about the signatory are stored.
In addition to storing information about the customer in the form of IP address, time and date, etc. a signature with an eID can also provide security for the signer's identity.
Norwegian BankID is a signature method with a valid eID signing method through a Trusted Service Provider, this signing method complies with the eIDAS regulations and will be considered the most qualified signature method, both within the EU but also in the rest of the world.
Although Norway is not part of the EU, they follow the law on electronic trust services, which was implemented in connection with the introduction of the eIDAS regulation in Norway in 2018.
In Norway, there are several Trusted Service Prividers, including: Danske Bank, the Banks' ID service, Nordea, SpareBank, DNB Bank and the Eika Group.