Banks should never compete on security and must work
collaboratively in this area instead. BankID is a secure, user-friendly
app that matches a person’s digital double to their physical identity,
establishing a safe connection that banks, private organisations and
government institutions can trust.
Benefits for Banks
Win an additional stream of revenue through our re-seller programme uniquely designed for your needs
Onboard customers faster and increase conversion by making it easy for users to complete their identification, authentication and authorisation.
Reduce cost by moving away from traditional paper based processes to a digital and reusable eID.
Improve the customer experience by increasing the level of flexibility, security and ease of doing business.
Benefits for Users
Remove the need to visit a physical branch and queue for hours.
Flexible & Convenient
Verify your identity, authorise payments, open new bank accounts and much more, whilst on the go or sitting in the comfort of your home.
Ensure your identity is protected to the highest standard and eliminate the risk of identity theft and/or financial fraud.
One eID - many use cases
Use a single eID to do business with different service providers in Bulgaria.
Log in to TPPs with BankID
Users can use the BankID app to securely prove their digital identity and log in to different third party providers’ platforms/portals/sites
Apply for a Loan / Credit
Forget about office working hours, queues and traveling to the branch of your loan/credit provider. The BankID app is accepted by major financial and government institutions in Bulgaria, allowing users to submit a request for a loan/credit any time of the day
Currently the process of payment authorisation requires too many steps. With BankID, users will be able to safely approve payments at a click of a button
File your taxes and avoid unnecessary paperwork, identifications and authorisations with a government accepted, standardised eID
BankID is PSD2 compliant by design and offers the most secure and convenient way to perform Strong Customer Authentication (SCA) procedures.
eIDAS is an example of a trust framework, backed by government regulations. This is a prerequisite for the federation of identities, where an eID issued by one party can be consumed and recognised by others institutions.