BITS AS, also known as the Bank's Standardization Office, is a financial institution based in Oslo. The company aims to bring together actors within the financial sector and contribute to the digitization of Norway. Through its work, BITS AS focuses on strengthening and securing an efficient payment infrastructure, which is essential for a well-functioning economic system.
An important part of BITS AS's business is the development of safe and reliable payment systems. The company works with interoperable payment processing and offers standards such as ISO 20022, which are recognized internationally. BITS AS is also engaged in collaboration with organizations such as Finans Norge and the European Payments Council, which contributes to promoting social and public purposes within payment solutions.