Oct 11, 2021
European Digital Identity Wallet
What is the European Digital Identity Wallet?
The European 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. European citizens will be able to digitally save their personal data and documents in an app that will be available to be used in any EU member states.
The European Identity Wallet will allow to European citizens to safely save their documents and info in an app, not only their ID or driving licence but also medical records, bank cards or even university degree titles. This will make easier the way that people are being identified and any other process in any EU member country.
How does the European Identity Wallet work?
The global pandemic caused by Covid-19 has improved digitalization 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 not to lose clients and business opportunities, as due to the restrictions put in place because of the pandemic, they could not use services on site. 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 European digital 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 regulation.
How will european citizens be affected by the identification wallet?
The goal of the Identification Wallet is to make easier any transaction in the EU for European citizens without any issues: Opening a bank account with an electronic ID, enrolling in a school, accessing to different medical systems in any of the EU countries members are only some examples of the tasks that will be possible to perform digitally when European Identity Wallet is available.
Due to the increasing offer of digital wallets from mobile app developers, the European Commission has also the intention to regulate them so they can adjust to safety and data protection European laws.
Electronic IDentification: The ideal partner to develop the European 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 lasts 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 a strong, secure, and easy access to digital identification.
Discover the 3 main advantages of Electronic IDentification QES to boost the European Digital Identification Wallet
- 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 video identification with a Qualified Electronic Signature in seconds, in any EU country.
- Electronic IDentification is the pioneer provider in electronic services and is compliant with AML5, KYC and eIDAS regulation which must be followed by 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.