A Move Towards Uniform Digital ID Wallets
It was announced by the EU Commission on the 3rd of June 2021 that a framework would be developed to fulfil a European Digital Identity covering all EU citizens, residents, and businesses. The end goal of the proposal is to deploy a digital wallet solution, a concept that has gained considerable traction in the Government ID market, which may be provided by private organizations, public authorities, or an EU member country, and which will connect a citizen’s national digital ID to other identity formats such as a driving license or bank account. The objective is to connect citizens and businesses to online services without the necessity of utilizing private identification methods or unnecessarily sharing/storing personal information. The user will be able to select a wallet app to their smartphone device to store and selectively share electronic documents required for a specific identity verification, such as opening a bank account. E-signatures are also planned to be incorporated in these solutions.
The announcement comes as an extension of the 2014 legislation regar…
You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.