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The obvious answer for banks to create e-id services using the e-banking log-on codes - and use it also for signing loans etc in the banks and also 3rd party contracts. Also startups can benefit from this - making digital distribution secure and economical. Finnish/Nordic example - where many startups build their business on the e-id ecosystem - to be followed 

Should PSD2 not be taken into account - big time?

This sounds interesting...

Might as well copy-paste text: 

e-banking customers in Finland used their e-banking passwords 56,2 million times to log in to public sector and other non-banking services last year.  Up from 47,1m.

Finland is a small country - so it may be useful to multiply into a corresponding EU-potential = 4 billion times. 

Does this save tax payers' money? Does it save citizens nerves? Oh yeah.. Is it secure? Naturally - it has to be - otherwise banking would not function. Other countries are followin suite - but it could happen faster.

Why not? Do banks not see this as their responsibility (and modest business case). Do politicians not take their responsibility - making it easy and cost-efficient?

More from Finland:  https://www.finextra.com/blogs/fullblog.aspx?blogid=11447

I can think of a big number of things that can be done - in a secure and very userfriendly way (learn once - use everywhere = economy of repetition, economy of reuse, economy of trust - even economy of scale and scope...... all the huge levers in place). Things to do in 3rd party services or from e-bank services directly with single sign-on! :1. signing contracts (also at work - you do use many personal tools anyway...), 2. empowering others, 3. e-wills, 4. voting, 5. sending invitations (using e-invoicing addresses), 6. accepting proposals (mobile press A for paying e-invoice on due date happens in strongly authtenticated space!!  etc

We need much more transparency and crime detectors - not less.

Banks have done 3rd party e-id since the 90s - no problem for governments. Federal or not. All the way to municipalities. And of course for similar needs in the private sector. And not only e-id - also signing contracts etc. In private and employee roles.

Social media credentials cannot be used for bank transactions and in public sector services where similar strong e-id is needed.

Bravo - this - the most natural thing - has been a great success story in Finland - and later in other Nordics