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Aug 11, 2022

EU Digital Identity: The European Digital Wallet

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EU Digital Identity: The European Digital Wallet

WHAT IS THE EU DIGITAL IDENTITY WALLET?

The EU Digital Identity Wallet is a European Commission Project that has been led by its president, Ursula Von der Leyen, and that is aiming to enable a unified digital identification system in Europe.

This EU Digital ID Wallet will allow European citizens to safely save their documents and personal information in an app (also known as wallet). These documents and information comprehend much more than just citizens’ identity documents or driving licences, but also medical records, bank cards or even university degree titles. Altogether, this data will be able to create a global EU Digital Identity for every citizen which they will be able to use across every member state.

Therefore, this digital identity wallet in EU will simplify the way that people are being identified in every aspect of their lives in any EU country, making all kind of processes and everyday lives much easier and simpler.

HOW DOES THE EU DIGITAL ID WALLET WORK?

Covid-19 global pandemic has improved the digitalization of processes for both companies and public services in all Europe. Private companies, especially in the financial sector, have been forced to move their services online to avoid losing clients and business opportunities, as due to the restrictions put in place because of the pandemic they could not use or offer their services on site. Hence, implementing a safe digital identification process became a crucial matter.

This is just one of the examples as how a strong and safe digital identity that follows European regulations, such as eIDAS and AML, can be used.

This EU digital ID wallet will allow citizens to do process like enrolling in a European university, apply for a scholarship, buy medicines and any other official process that requires an identity verification, in any of the 27 EU member countries.

Download here for free this complete guide on AML5, the European Digital Identity Regulation.

HOW WILL EUROPEAN DIGITAL IDENTITY WALLETS AFFECT EU CITIZENS?

The goal of the European digital identity wallets is to simplify citizens and public administration transactions and carry them out online without any issues. Some examples of this are: opening a bank account with an electronic ID, enrolling in a school, accessing to different medical systems in any of the EU member states… These are only some examples of the tasks that will be possible to perform digitally when the Digital Identity of the European Commission is implemented.

Due to the increasing offer of digital identity wallets from mobile app developers, the European Commission has also the intention to regulate them so they can adjust to the European laws on safety and data protection.

ELECTRONIC IDENTIFICATION: THE IDEAL PARTNER TO DEVELOP THE EUROPEAN UNION DIGITAL IDENTITY

Electronic IDentification is currently the only provider in Europe with an owned solution following an end-to-end identification video process and qualified electronic signature through a qualified certificate in a transaction that takes seconds.

Digital identity solutions have achieved to offer the highest security standards on a national and European level, being able to fulfil the necessity of strong, secure, and easy access to digital identity and identification process.

BOOSTING EU DIGITAL IDENTITY WALLETS WITH ELECTRONIC IDENTIFICATION’S QES

  • Electronic IDentification provides a Qualified Electronic Signature that can be issued without the intervention of any other provider, as it is the unique end-to-end solution in Europe.
  • Obtaining a Qualified Electronic Signature through a video identification in seconds, in any EU country.
  • Electronic IDentification is the pioneer provider in electronic services and is compliant with AML5, KYC and eIDAS regulations, which must be followed by all EU member countries.

If you are interested in knowing how to make your onboarding and KYC process go from 3 weeks to 3 minutes, download this guide.

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