Submit Search
Upload
EU Digital Identity Wallet - INNOPAY.pptx
•
Download as PPTX, PDF
•
1 like
•
885 views
I
INNOPAY1
Follow
How the EU Digital Identity Wallet opens up new opportunities for the financial sector.
Read less
Read more
Economy & Finance
Report
Share
Report
Share
1 of 15
Download now
Recommended
Digital Identity Wallets: What They Mean For Banks
Digital Identity Wallets: What They Mean For Banks
Evernym
The Shift from Federated to Decentralized Identity
The Shift from Federated to Decentralized Identity
Evernym
Self-Sovereign Identity for the Decentralized Web Summit
Self-Sovereign Identity for the Decentralized Web Summit
Kaliya "Identity Woman" Young
Self-Sovereign Identity: Ideology and Architecture with Christopher Allen
Self-Sovereign Identity: Ideology and Architecture with Christopher Allen
SSIMeetup
The European Union goes Decentralized
The European Union goes Decentralized
Torsten Lodderstedt
What makes a successful SSI strategy?
What makes a successful SSI strategy?
Evernym
What is self-sovereign identity (SSI)?
What is self-sovereign identity (SSI)?
Evernym
криптиране и декриптиране
криптиране и декриптиране
Georgi Georgiev
Recommended
Digital Identity Wallets: What They Mean For Banks
Digital Identity Wallets: What They Mean For Banks
Evernym
The Shift from Federated to Decentralized Identity
The Shift from Federated to Decentralized Identity
Evernym
Self-Sovereign Identity for the Decentralized Web Summit
Self-Sovereign Identity for the Decentralized Web Summit
Kaliya "Identity Woman" Young
Self-Sovereign Identity: Ideology and Architecture with Christopher Allen
Self-Sovereign Identity: Ideology and Architecture with Christopher Allen
SSIMeetup
The European Union goes Decentralized
The European Union goes Decentralized
Torsten Lodderstedt
What makes a successful SSI strategy?
What makes a successful SSI strategy?
Evernym
What is self-sovereign identity (SSI)?
What is self-sovereign identity (SSI)?
Evernym
криптиране и декриптиране
криптиране и декриптиране
Georgi Georgiev
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
Torsten Lodderstedt
Verifiable Credentials for Travel & Hospitality
Verifiable Credentials for Travel & Hospitality
Evernym
Decentralized Identifier (DIDs) fundamentals deep dive
Decentralized Identifier (DIDs) fundamentals deep dive
SSIMeetup
OpenID for Verifiable Credentials
OpenID for Verifiable Credentials
Torsten Lodderstedt
Digital Guardianship in Self-Sovereign Identity
Digital Guardianship in Self-Sovereign Identity
Evernym
OpenID for Verifiable Credentials
OpenID for Verifiable Credentials
Torsten Lodderstedt
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
Torsten Lodderstedt
Microsoft 365 Compliance and Security Overview
Microsoft 365 Compliance and Security Overview
David J Rosenthal
Adaptive Authentication: What, Why and How?
Adaptive Authentication: What, Why and How?
WSO2
Eurosmart presentation on the eidas regulation
Eurosmart presentation on the eidas regulation
Stefane Mouille
Executive Symposium
Executive Symposium
Mirakl
Introduction to Self Sovereign Identity - IIW October 2019
Introduction to Self Sovereign Identity - IIW October 2019
Heather Vescent
OpenID for Verifiable Credentials @ IIW 36
OpenID for Verifiable Credentials @ IIW 36
Torsten Lodderstedt
Next Dimension + Cisco Smart Manufacturing
Next Dimension + Cisco Smart Manufacturing
Next Dimension Inc.
What are Decentralized Identifiers (DIDs)?
What are Decentralized Identifiers (DIDs)?
Evernym
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
Torsten Lodderstedt
Digital signature
Digital signature
9799907840kd
OpenID for SSI
OpenID for SSI
Torsten Lodderstedt
OpenID 4 Verifiable Credentials + HAIP (Update)
OpenID 4 Verifiable Credentials + HAIP (Update)
Torsten Lodderstedt
Overview of Decentralized Identity
Overview of Decentralized Identity
Jim Flynn
National identity schemes - digital identity - national ID - eGovernment
National identity schemes - digital identity - national ID - eGovernment
Eric BILLIAERT
PPT - SIGMA-GIZ Academies - Topic 2 - DGconnect eIDAS
PPT - SIGMA-GIZ Academies - Topic 2 - DGconnect eIDAS
Support for Improvement in Governance and Management SIGMA
More Related Content
What's hot
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
Torsten Lodderstedt
Verifiable Credentials for Travel & Hospitality
Verifiable Credentials for Travel & Hospitality
Evernym
Decentralized Identifier (DIDs) fundamentals deep dive
Decentralized Identifier (DIDs) fundamentals deep dive
SSIMeetup
OpenID for Verifiable Credentials
OpenID for Verifiable Credentials
Torsten Lodderstedt
Digital Guardianship in Self-Sovereign Identity
Digital Guardianship in Self-Sovereign Identity
Evernym
OpenID for Verifiable Credentials
OpenID for Verifiable Credentials
Torsten Lodderstedt
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
Torsten Lodderstedt
Microsoft 365 Compliance and Security Overview
Microsoft 365 Compliance and Security Overview
David J Rosenthal
Adaptive Authentication: What, Why and How?
Adaptive Authentication: What, Why and How?
WSO2
Eurosmart presentation on the eidas regulation
Eurosmart presentation on the eidas regulation
Stefane Mouille
Executive Symposium
Executive Symposium
Mirakl
Introduction to Self Sovereign Identity - IIW October 2019
Introduction to Self Sovereign Identity - IIW October 2019
Heather Vescent
OpenID for Verifiable Credentials @ IIW 36
OpenID for Verifiable Credentials @ IIW 36
Torsten Lodderstedt
Next Dimension + Cisco Smart Manufacturing
Next Dimension + Cisco Smart Manufacturing
Next Dimension Inc.
What are Decentralized Identifiers (DIDs)?
What are Decentralized Identifiers (DIDs)?
Evernym
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
Torsten Lodderstedt
Digital signature
Digital signature
9799907840kd
OpenID for SSI
OpenID for SSI
Torsten Lodderstedt
OpenID 4 Verifiable Credentials + HAIP (Update)
OpenID 4 Verifiable Credentials + HAIP (Update)
Torsten Lodderstedt
Overview of Decentralized Identity
Overview of Decentralized Identity
Jim Flynn
What's hot
(20)
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
Verifiable Credentials for Travel & Hospitality
Verifiable Credentials for Travel & Hospitality
Decentralized Identifier (DIDs) fundamentals deep dive
Decentralized Identifier (DIDs) fundamentals deep dive
OpenID for Verifiable Credentials
OpenID for Verifiable Credentials
Digital Guardianship in Self-Sovereign Identity
Digital Guardianship in Self-Sovereign Identity
OpenID for Verifiable Credentials
OpenID for Verifiable Credentials
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
Microsoft 365 Compliance and Security Overview
Microsoft 365 Compliance and Security Overview
Adaptive Authentication: What, Why and How?
Adaptive Authentication: What, Why and How?
Eurosmart presentation on the eidas regulation
Eurosmart presentation on the eidas regulation
Executive Symposium
Executive Symposium
Introduction to Self Sovereign Identity - IIW October 2019
Introduction to Self Sovereign Identity - IIW October 2019
OpenID for Verifiable Credentials @ IIW 36
OpenID for Verifiable Credentials @ IIW 36
Next Dimension + Cisco Smart Manufacturing
Next Dimension + Cisco Smart Manufacturing
What are Decentralized Identifiers (DIDs)?
What are Decentralized Identifiers (DIDs)?
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
How to Build Interoperable Decentralized Identity Systems with OpenID for Ver...
Digital signature
Digital signature
OpenID for SSI
OpenID for SSI
OpenID 4 Verifiable Credentials + HAIP (Update)
OpenID 4 Verifiable Credentials + HAIP (Update)
Overview of Decentralized Identity
Overview of Decentralized Identity
Similar to EU Digital Identity Wallet - INNOPAY.pptx
National identity schemes - digital identity - national ID - eGovernment
National identity schemes - digital identity - national ID - eGovernment
Eric BILLIAERT
PPT - SIGMA-GIZ Academies - Topic 2 - DGconnect eIDAS
PPT - SIGMA-GIZ Academies - Topic 2 - DGconnect eIDAS
Support for Improvement in Governance and Management SIGMA
PPT, ENISA, service delivery webinar 310522
PPT, ENISA, service delivery webinar 310522
Support for Improvement in Governance and Management SIGMA
Accelerating the creation and deployment of e-Government services by ensuring...
Accelerating the creation and deployment of e-Government services by ensuring...
Secure Identity Alliance
01_capgemini.pptx
01_capgemini.pptx
FinTech Belgium
DFS22_Main Stage_Laurent Bailly_Visa_041022
DFS22_Main Stage_Laurent Bailly_Visa_041022
FinTech Belgium
FIDO, Strong Authentication and elD in Germany
FIDO, Strong Authentication and elD in Germany
FIDO Alliance
04_Zetes.pptx
04_Zetes.pptx
FinTech Belgium
Member of the Board Tuomas Välimäki: Digital euro
Member of the Board Tuomas Välimäki: Digital euro
Suomen Pankki
Initio digital innovation digest 25 q2 2021
Initio digital innovation digest 25 q2 2021
Initio
01_DLA Piper_Nicolas Kalokyris. .pptx
01_DLA Piper_Nicolas Kalokyris. .pptx
FinTech Belgium
Initio at World Blockchain & Cryptocurrency Summit 2018
Initio at World Blockchain & Cryptocurrency Summit 2018
Initio
digital payments 2020
digital payments 2020
Bankenverband
Agenda service delivery webinar 310522
Agenda service delivery webinar 310522
Support for Improvement in Governance and Management SIGMA
Exclusor SGS
Exclusor SGS
Tata Tricipta
Blockchain In Trade Finance.pptx
Blockchain In Trade Finance.pptx
Nickjohn33
Bangladesh's Nationwide Decentralized Blockchain Platform Powering Smart Cont...
Bangladesh's Nationwide Decentralized Blockchain Platform Powering Smart Cont...
TanzeemReza
Fintech & Blockchain
Fintech & Blockchain
IndSightsResearchSG
Workshop eID
Workshop eID
guest3326f6
Financial Services: exchanges, settlements, payments and embedded finance
Financial Services: exchanges, settlements, payments and embedded finance
EY
Similar to EU Digital Identity Wallet - INNOPAY.pptx
(20)
National identity schemes - digital identity - national ID - eGovernment
National identity schemes - digital identity - national ID - eGovernment
PPT - SIGMA-GIZ Academies - Topic 2 - DGconnect eIDAS
PPT - SIGMA-GIZ Academies - Topic 2 - DGconnect eIDAS
PPT, ENISA, service delivery webinar 310522
PPT, ENISA, service delivery webinar 310522
Accelerating the creation and deployment of e-Government services by ensuring...
Accelerating the creation and deployment of e-Government services by ensuring...
01_capgemini.pptx
01_capgemini.pptx
DFS22_Main Stage_Laurent Bailly_Visa_041022
DFS22_Main Stage_Laurent Bailly_Visa_041022
FIDO, Strong Authentication and elD in Germany
FIDO, Strong Authentication and elD in Germany
04_Zetes.pptx
04_Zetes.pptx
Member of the Board Tuomas Välimäki: Digital euro
Member of the Board Tuomas Välimäki: Digital euro
Initio digital innovation digest 25 q2 2021
Initio digital innovation digest 25 q2 2021
01_DLA Piper_Nicolas Kalokyris. .pptx
01_DLA Piper_Nicolas Kalokyris. .pptx
Initio at World Blockchain & Cryptocurrency Summit 2018
Initio at World Blockchain & Cryptocurrency Summit 2018
digital payments 2020
digital payments 2020
Agenda service delivery webinar 310522
Agenda service delivery webinar 310522
Exclusor SGS
Exclusor SGS
Blockchain In Trade Finance.pptx
Blockchain In Trade Finance.pptx
Bangladesh's Nationwide Decentralized Blockchain Platform Powering Smart Cont...
Bangladesh's Nationwide Decentralized Blockchain Platform Powering Smart Cont...
Fintech & Blockchain
Fintech & Blockchain
Workshop eID
Workshop eID
Financial Services: exchanges, settlements, payments and embedded finance
Financial Services: exchanges, settlements, payments and embedded finance
Recently uploaded
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
shivangimorya083
Attachment Of Assets......................
Attachment Of Assets......................
AmanBajaj36
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
Suhani Kapoor
Financial Leverage Definition, Advantages, and Disadvantages
Financial Leverage Definition, Advantages, and Disadvantages
jayjaymabutot13
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
Henry Tapper
Stock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdf
Michael Silva
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spirit
egoetzinger
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]
Commonwealth
Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...
Avanish Goel
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
rjrjkk
House of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview document
Henry Tapper
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
Suhani Kapoor
SBP-Market-Operations and market managment
SBP-Market-Operations and market managment
factical
Quantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector Companies
prashantbhati354
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
Henry Tapper
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
S SDS
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Työeläkeyhtiö Elo
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results Presentation
Bladex
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024
Bladex
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
Commercial Bank of Ceylon PLC
Recently uploaded
(20)
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Attachment Of Assets......................
Attachment Of Assets......................
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
Financial Leverage Definition, Advantages, and Disadvantages
Financial Leverage Definition, Advantages, and Disadvantages
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
Stock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdf
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spirit
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]
Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
House of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview document
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
SBP-Market-Operations and market managment
SBP-Market-Operations and market managment
Quantitative Analysis of Retail Sector Companies
Quantitative Analysis of Retail Sector Companies
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
(办理学位证)加拿大萨省大学毕业证成绩单原版一比一
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results Presentation
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
EU Digital Identity Wallet - INNOPAY.pptx
1.
The “battle of
the wallets” reignited How the EU Digital Identity Wallet opens up new opportunities for the financial sector
2.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 2 3 reasons to understand the development of the EU Digital Identity Wallet and prepare for its impact The EU Digital Identity Wallet puts significant restrictions on digital identity and/or data custodian services 1
3.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 3 Why an EU Digital Identity Wallet? Interoperability of eID schemes • EU citizens can access public services from other member states with a national eID connected to eIDAS network • Each member state is responsible for own eID scheme Trust services regulation • Introduction of standards for how electronic signatures, qualified digital certificates, electronic seals, timestamps can be used with the same legal status as paper based agreements TWO PILLARS OF EIDAS1 Source: Study to support impact assessment eIDAS revision
4.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 4 eIDAS2 proposal introduces an EU Digital Identity Wallet Member States will be mandated to provide citizens with a common EU Digital Identity Wallet Key characteristics: • Harmonised, common user interface • Built on consumer consent and maximum privacy • Open for various types of credentials/attributes • Allowing freedom of set-up and implementation for member states Main features for EU citizens: • Securely request and obtain, store, select, combine, restrict and share identity attributes • Sign with electronic signature • Both for online and offline use • Acceptance will be widely mandated EUROPEAN DIGITAL IDENTITY WALLET Source: European Commission – European Digital Identity
5.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 5 In the future, Digital Identity will be organised by the EU Digital Identity Wallet Onboarding as a Service Offer service (with varying levels of assurance) to relying parties who cannot or do not wish to store and process customer data 1 Bank as Identity & Data Provider (‘Data Custodian‘) Retailer B Log in with Email Password Login Bank Or Authentication as a Service Offer service to relying parties who cannot or do not wish to maintain their own identity and access management 2 Or BANK A Agree Don’t agree Age Diploma Name Address wallet Attribute Sharing (‘static data’) Offer “data wallet” enabling customer- controlled access to share verified claims about core and related ID attributes with relying parties Save 4 Consent Mgmt (‘dynamic data’) Offer consent mgt. service and dashboard (single point of control) enabling controlled and transparent cross- sectoral data sharing My data Data transaction overview September 2020 Amazon Authorised on 27 Sept Access active Allianz Authorised on 18 Sept Access active Instagram Authorised on 3 Sept Access expired August 2020 Epic games One-off access on 23 Aug Access expired ING One-off access on 5 Aug Access expired BANK 5 Digital signing Service Offer service for digitally signing contracts, agreements and other relevant documents 3 Source: INNOPAY analysis EU eID
6.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 6 Deadline for implementation could be somewhere in 2024 Timelines are very ambitious, but work is well on the way 2021 2022 2023 2024 2025 Source: European Commission Recommendation on common Union Toolbox, Dutch government, INNOPAY Analysis Piloting (use cases) Roll-out (prepare infrastructure) 15 months Q1. ’23: Agreement on toolbox & ARF between the Member States End 2023: Deadline for implementation by Member States 12 months Prep. TODAY Q4 ’22: Publishing of the toolbox & ARF Draft outline toolbox 6 months 9 months 18 months Legislative negotiations Architecture and reference framework
7.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 7 Through the development of a ‘common toolbox’, interoperability of wallets across Member States is realised 1. Provision and exchange of identity attributes 2. Functionality and security of the EU Digital Identity Wallets 3. Reliance on the European Digital Identity Wallet including identity matching 4. Governance Source: European Commission Recommendation on common Union Toolbox • User functionalities • Minimum list of attributes from authentic sources COMMON TOOLBOX COVERS: EXAMPLE TOPICS COVERED • Mechanisms for verifying validity • Verification procedures • Notification of relying parties and verification of their authenticity • Certification • Level of assurance • Interfaces and protocols
8.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 8 The approach taken by the commission will likely result in a fragmented landscape, due to different national perspectives Classifications for public perspective on private identity solutions Closed to private Neutral to private Open to private • Each Member State has three options for offering the EU Identity Wallet: 1. Government-operated 2. Outsourced 3. Recognition of market solutions • Only in countries with a recognition approach, market players can still play a role in the Digital Identity landscape, but terms and conditions of the recognition are Member State determined • The toolbox and architecture and reference framework provide a certain level of harmonisation but leave room for Member State choices and options
9.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 9 3 reasons to understand the development of the EU Digital Identity Wallet and prepare for its impact The EU Digital Identity Wallet comes with mandated acceptance 2 The EU Digital Identity Wallet puts significant restrictions on digital identity and/or data custodian services 1
10.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 10 Sectors and platforms in the private domain will be required to accept the wallet for authentication to stimulate adoption Public services Transport Energy Banking & financial services Social security Health Drinking water Postal services Digital infrastructure Education Telecom *Very Large Online Platforms EU eID *as defined in the Digital Services Act art. 25.1 Art 12b pt 2,3 PROPOSED AMENDMENT OF EIDAS REGULATION (JUNE 2021) What does ‘accept’ mean in a banking & financial services context?
11.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 11 In the future, Digital Identity will be organised by the EU Digital Identity Wallet Onboarding as a Service Offer service (with varying levels of assurance) to relying parties who cannot or do not wish to store and process customer data 1 Bank as Identity & Data Provider (‘Data Custodian‘) Retailer B Log in with Email Password Login Bank Or Authentication as a Service Offer service to relying parties who cannot or do not wish to maintain their own identity and access management 2 Or BANK A Agree Don’t agree Age Diploma Name Address wallet Attribute Sharing (‘static data’) Offer “data wallet” enabling customer- controlled access to share verified claims about core and related ID attributes with relying parties Save 4 Consent Mgmt (‘dynamic data’) Offer consent mgt. service and dashboard (single point of control) enabling controlled and transparent cross- sectoral data sharing My data Data transaction overview September 2020 Amazon Authorised on 27 Sept Access active Allianz Authorised on 18 Sept Access active Instagram Authorised on 3 Sept Access expired August 2020 Epic games One-off access on 23 Aug Access expired ING One-off access on 5 Aug Access expired BANK 5 Digital signing Service Offer service for digitally signing contracts, agreements and other relevant documents 3 Source: INNOPAY analysis EU eID Does ‘accept’ mean SCA in PSD2 sense, with dynamic linking? We don’t think so
12.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 12 3 reasons to understand the development of the EU Digital Identity Wallet and prepare for its impact The EU Digital Identity Wallet is not limited to identity… 3 The EU Digital Identity Wallet comes with mandated acceptance 2 The EU Digital Identity Wallet puts significant restrictions on digital identity and/or data custodian services 1
13.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 13 Asset custodian can be next step – can the bank app or crypto wallet become a recognised EU Digital Identity Wallet? Source: INNOPAY analysis Onboarding as a Service Offer service (with varying levels of assurance) to relying parties who cannot or do not wish to store and process customer data Digital signing Service Offer service for digitally signing contracts, agreements and other relevant documents Assets & CBDC ? Consent Mgmt (‘dynamic data’) Offer consent mgt. service and dashboard (single point of control) enabling controlled and transparent cross- sectoral data sharing BANK A Agree Don’t agree Age Diploma Name Address wallet My data Data transaction overview September 2020 Amazon Authorised on 27 Sept Access active Allianz Authorised on 18 Sept Access active Instagram Authorised on 3 Sept Access expired August 2020 Epic games One-off access on 23 Aug Access expired ING One-off access on 5 Aug Access expired BANK Retailer B Log in with Email Password Login Bank Or Attribute Sharing (‘static data’) Offer “data wallet” enabling customer- controlled access to share verified claims about core and related ID attributes with relying parties Authentication as a Service Offer service to relying parties who cannot or do not wish to maintain their own identity and access management 1 2 ? Bank as Identity & Data Provider (‘Data Custodian‘) Save Or 5 4 EU eID Asset Custodian 3
14.
The “battle of
the wallets” reignited. 31 March 2022. © INNOPAY BV. All rights reserved. 14 3 reasons to understand the development of the EU Digital Identity Wallet and prepare for its impact The EU Digital Identity Wallet is not limited to identity… 3 The EU Digital Identity Wallet comes with mandated acceptance 2 The EU Digital Identity Wallet puts significant restrictions on digital identity and/or data custodian services 1
15.
Vincent Jansen Partner vincent.jansen@innopay.com +31 6
42 10 20 58
Download now