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TCS Partners with BankID BankAxept AS

Published on September 22, 2023
Current Context: PNATartnership between TCS and BankID BankAxept AS, which is a major development in Norway’s financial infrastructure. TCS and BankID BankAxept AS have entered a strategic partnership to set up and manage an operations command center in Oslo, Norway, that will enhance the resilience, security and availability of the country’s critical financial infrastructure.
TCS Partners with BankID BankAxept AS
  • BankAxept is the national payment system in Norway, with 80% of card payments made using a BankAxept card.BankID is the Norwegian eID verification solution, with more than 90% of the country’s population, banks, public institutions and commercial enterprises dependent on it.
  • New regulations around digital identity authentication require BankID to offer users a compliant, reliable and secure electronic identity solution and ‘round the clock’ support.
  • BankID BankAxept AS chose TCS to create a new command center, for its proven experience in leading large-scale growth and transformation projects for enterprise clients in the banking and financial services sector.
  • TCS will build and manage a 24x7 operations command center at Oslo, Norway, for all BankID BankAxept AS users and clients.
  • The command center has the capabilities to manage teams and vendors, helping to quickly resolve all disruptions, urgent security alerts or events, and can integrate value-added services from partner ecosystems.

Question:

Q.1 What is the name of the national payment system in Norway that is managed by BankID BankAxept AS?
a. BankID
b. BankAxept
c. BankNor
d. BankPay
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