"eIDAS 2.0 and the EUDI Wallet elevate digital identity and security to a new level – trust becomes the foundation for Europe's digital future."
Hanna Viehweger
Senior Consultant, Cybersecurity
Shaping the Future: IAM in Alignment with eIDAS 2.0 and EUDI Wallet
eIDAS 2.0 is the new EU regulation for digital identity and trust services. It standardizes cross-border digital identities and enables secure identity verification and reliable digital transactions. It is therefore essential for banks and insurance companies that deal with verified identities on a daily basis.
The EUDI Wallet is a digital identity tool that allows citizens to securely store and share information such as identity proofs, licenses, or banking data. Businesses benefit by making onboarding, identity verification, and cross-border integration of their services more efficient and secure.
Starting end of 2027, regulated companies such as banks and insurances will be required to accept the EUDI Wallet. It enables secure, fast, and legally compliant customer onboarding across Europe, improves services, and modernizes processes. However, those who delay implementation risk fines and losing crucial competitive advantages.
The transition to eIDAS 2.0 and the EUDI Wallet brings complex technical and regulatory requirements. TRUSTEQ is here to support you: we assist you with strategic alignment, use case identification, conceptualization, and implementation. Together, we will develop your position within the EUDI Wallet ecosystem.
Senior Consultant, Cybersecurity
Tailored consulting aligned with your strategic goals and regulatory requirements
eIDAS 2.0 is the advancement of the original EU regulation for electronic identification, authentication, and trust services. The new regulation introduces significant progress in the standardization of digital identities and their cross-border utilization within the EU. It raises the standards for trusted digital identities and transactions and ensures their interoperability and legal recognition across all member states. A key aspect of implementing eIDAS 2.0 is the practical introduction of the European Digital Identity Wallets (EUDI Wallets), which provide a harmonized electronic identification tool and must be accepted as an application going forward.
The EU Digital Identity Wallet (EUDI Wallet) is a mobile application designed to securely store and flexibly manage digital identity data. It enables users to conveniently manage information such as identity proofs, qualifications, or banking data, while maintaining full control over what data they choose to share. In addition, the Wallet facilitates seamless cross-border transactions within the EU without requiring additional accounts. It also offers versatile features such as digital signing and secure verification of age or professional qualifications. Overall, the EUDI Wallet provides a simple, secure, and flexible solution for managing digital identities.
Starting from the end of 2027, the acceptance of the EUDI Wallet will become mandatory for regulated industries. For banks and insurance companies, this represents a profound change and a unique opportunity. The requirements of the eIDAS 2.0 regulation establish the foundation for significantly faster and compliance-driven processes, such as customer identification or cross-border operations. Companies that act early can position themselves as innovators, enhance efficiency, and develop innovative services that foster long-term customer loyalty, while also minimizing regulatory risks. However, those who delay this essential modernization risk facing integration challenges and a significant competitive disadvantage.
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