TCS Partners With BankID BankAxept To Bolster Norway’s Financial Infrastructure

Current Affairs, Agreements

  • Tata Consultancy Services (TCS) has unveiled a strategic partnership with Norway’s BankID BankAxept, the country’s national payment and electronic identity system, intending to bolster the European nation’s financial infrastructure.
  • This collaboration is set to enhance the resilience, security, and accessibility of Norway’s crucial financial systems.
  • BankAxept is Norway’s primary payment system, with its cards making up 80% of all card transactions.
  • Furthermore, BankID serves as the predominant electronic identity verification solution in Norway, with an overwhelming majority – over 90% – of the nation’s residents, banks, public entities, and businesses relying on it, as highlighted by TCS.

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