Signicat unlocks advanced BankID security features to combat account takeover and payment fraud in Sweden

Signicat, the leading pan-European digital identity company, is now offering Swedish companies access to BankID's built-in eID Risk Indicator. This security feature is developed and managed entirely by BankID. Signicat has enabled this functionality within its service, making it simple for organisations to receive a real-time risk assessment for every transaction and stop fraud attacks.

The announcement comes at a time of a paradoxical fraud landscape in Sweden. According to Signicat's 2025 "The Battle in the Dark" report, nearly half (45%) of Swedish businesses report a rising tide of fraud attempts. Despite this, the nation boasts the lowest rate of successful attacks in Europe at just 42%. This success rate stands in stark contrast to the European average of 59% and neighbouring Finland's 67%, highlighting both the scale of the threat and the effectiveness of Sweden's existing digital identity infrastructure.

“While Sweden’s digital defenses are strong, businesses are right to be concerned about the increasing frequency of attacks. It is time to use the advanced tools available to stay ahead,” says Sofia Busck, Country Manager Sweden at Signicat. “BankID’s built-in risk indicator was designed for this new reality. Signicat’s role is to make this advanced capability easily accessible for our customers, allowing them to instantly leverage BankID's intelligence to stop criminals before they act.”

BankID was developed by Finansiell ID-Teknik AB with a flexible, risk-based architecture. This was a deliberate design choice to future-proof the platform against evolving threats. The design has enabled BankID to build new intelligent layers on top, activating a powerful, built-in capability to create a more adaptive and secure ecosystem.

How companies can use the BankID Risk Indicator

The security and analysis are handled entirely by BankID. For each authentication and signature, BankID’s own infrastructure assesses the transaction based on a variety of data points. It then returns a simple, actionable rating: Low, Medium, or High risk, which Signicat passes directly on to businesses. No underlying data is shared, ensuring privacy.

Based on the risk rating received via Signicat, a company or service provider can automate its security policy. For instance:

• Low Risk: The transaction proceeds seamlessly.
• Medium Risk: Automatically trigger a step-up authentication.
• High Risk: The transaction is blocked, and the account is flagged for review.

“The high level of trust in digital solutions is a key strength in Sweden, with 95% of the population saying they trust BankID” continues Busck. “Our risk assessment builds on that trust. This transforms BankID from a simple login gate into an active fraud-detection tool. For a bank, this means they can better protect high-value payments and customer data, helping them to meet their compliance obligations while keeping the experience smooth for the vast majority of their customers.”

eID Risk Indicator from BankID is available immediately to all Signicat customers with no additional integration required.