The new EU Anti-Money Laundering Regulation (AMLR) and the revised eIDAS Regulation (eIDAS 2) are redefining compliance and identity management in Europe’s financial sector.
At the heart of this transformation: the European Digital Identity Wallet (EUDI Wallet).
At the BankingClub Forum on November 3, 2025 in Frankfurt, experts from regulation, industry and standardization will discuss what banks, insurers and FinTechs need to know now – and how to turn regulatory change into an opportunity.
This afterwork event, starting at 17:30, combines concise expert insights and networking to help participants prepare for the coming transformation.
Preparing for the EUDI Wallet Era – Obligations and Opportunities
With AMLR and eIDAS 2 coming into force, financial institutions must rethink their role in digital identity ecosystems.
They can consider issuing digital credentials in addition to their classic roles as verifiers and relying party. The latter is the case for all those already using digital trust services – Now they will be enabled to issue attestations of customer identity or account information that can be shared via EUDI Wallets.
What institutions need to do now:
- Assess their role in the EUDI Wallet ecosystem
- Review if EUDIW can make Know Your Customer (KYC) and Strong Customer Authentication (SCA) processes smoother and more attractive to users
- Understand the options Qualified Electonic Attribute Attestations (QEAA) provide to enhance existing digital services and enabling new ones long requested by users to avoid tedious disconnected processes plus new opening up revenue options
- Develop user-centric compliance processes, balancing regulatory rigor with smooth digital experiences
- Understanding the benefits of creating an own EUDI Wallet and/or adding EUDI wallet functionalities into own consumer apps
What opportunities arise:
- Simplified KYC and verification of additional (financial) attributes such as incoming statements, average account. balance, credit rating, etc…
- Easier onboarding of users from other countries, enabling financial institutions to actively play in other EU markets
- Potential to offer new digital services built on secure, verified identity data
Speakers will present practical strategies to implement these steps, share insights from EU pilot projects POTENTIAL and APTITUDE, and outline how early movers can position themselves advantageously in this new regulatory landscape.
Video Identification Under Pressure – What Changes with EUDI Wallets
One of the most immediate questions for banks and FinTechs is what the upcoming AMLR regulation also means for remote identification and video ident procedures vs users physical ID documents as we know them today. While the EUDIW and digital identities may reduce volume here, they still will be important to onboard users that don’t have signed up for such a digital identity yet.
Key implications:
- Game changers regarding identity assurance levels (low, substantial, high) resulting from technical standards from ETSI – EN 319 411-2 and TS 119 461 v2.
- Financial institutions must plan transition phases – in leveraging wallet-based workflows as this might offer much more convenient user onboarding workflows than those available today (e.g. eID or assisted video ID) – adopint them not only becomes a regulatory requirement but also a market driven requirement
- Adption in Germany may even go faster than in other countries that already have pure online eID services for KYC in place – with the EUDIW users in Germany can for the first time do the complete KYC using their smartphone without requiring in additionh also their national ID Card (Personalausweis)
- For customers without a digital identity, fallback mechanisms (e.g., supervised remote identification) will remain relevant and become standardized across the EU – which in Germany will have big effects as here plain classic assisted video ID is still the de facto standard which then practically gets overruled.
At the Forum, experts from regulation and industry will explain what this means operationally – including upcoming technical specifications, certification requirements, and integration paths for hybrid identity verification models.
The evening will feature presentations and panel discussions with regulators, standardization experts, and practitioners from the EUDI Wallet pilot programs.
Participants will gain clarity on both the regulatory timeline and the technical readiness of wallet solutions, along with insights into how leading institutions are approaching compliance transformation.
Why attend
Participants will gain a clear understanding of what AMLR and eIDAS 2 require for financial institutions, actionable guidance on preparing for EUDI Wallets – and the opportunities they enable, a roadmap for transitioning from traditional eKYC and video ident to wallet-based identification, insights from EU pilot projects, standardization work, and early adopters and networking opportunities with peers and experts – all within a relaxed afterwork setting
Last, but not least, we will also cover what should be done for those users that don’t want to use digital identities.
Register for free for the event here
For additional background and insights, explore our recent articles:
📖The Future of KYC and AML in Regulated Sectors: Navigating Change with Confidence
📖 Turning Compliance into Opportunity: The EUDI Wallet in Financial Services