SwissID: Luzerner Kantonalbank invests in SwissSign Group
The Luzerner Kantonalbank (LUKB) is interested in the SwissID solution from SwissSign Group AG. It has now bought into the joint venture SwissSign Group AG. It wants to use this to drive forward its digitalisation.
Login via SwissID is moving to centre stage at Luzerner Kantonalbank. LUKB plans to use SwissID on its crowd platform "funders.ch" from the beginning of 2019.
Joint project
The founded in March 2018 SwissSign Group is a joint venture of SBB, Swiss Post, Swisscom and leading companies from the banking, insurance and health insurance sectors.
In addition to LUKB, the Cantonal Banks of Geneva and Zurich as well as Raiffeisen, CS and UBS are already involved. The SwissSign Group took over the activities of the former SwissSign AG, including mainly the promotion of SwissID.
LUKB does not provide any information on the scope of the business. 44 percent of the shares in SwissSign are held by state-affiliated companies, another 44 percent by the banks and 12 percent by the remaining shareholders.
If new banks join the group, they will divest their shareholdings among themselves, with the big banks generally retaining their existing stakes. (Source: sda)
