The upcoming EU Anti-Money Laundering Regulation (AMLR) and the revised eIDAS Regulation (eIDAS 2) fundamentally change how compliance and digital identity management are handled in the European financial ecosystem. At the heart of this change is the European Digital Identity Wallet (EUDI Wallet).
At the Business Circle Business Breakfast, experts from the fields of regulation, finance and standardization will discuss what banks, insurers and FinTechs need to prepare for today – and how the new regulations can be turned into a competitive advantage.
The event offers compact technical information and valuable networking opportunities to help participants master the upcoming digital identity revolution.
For the first time, users will be able to digitally carry out important regulated processes in the financial environment in a secure and user-friendly way with an app on their smartphone not only within Austria, but also across borders across all EU countries! These include:
- User legitimation or identity verification (eKYC)
- Providing evidence based on official government registers or data from private organizations (e.g., financial data)
- Signature processes with the fulfilment of the written form with Qualified Electronic Signature (QES)
- Strong Customer Authentication (SCA)
This is to be made possible by a newly emerging ecosystem around these EUDI wallets. As market participants, it is now essential for banks, insurers and FinTechs to understand as early as possible what role they want to play here. You can choose from the following roles entered in a public register:
- Relying party to verify digital identities and evidence
- Issuers of digital proofs to enable holders of EUDI wallets to provide proofs purely digitally, instead of on paper
- Publisher of EUDI Wallet Apps to be directly present on users’ devices and to offer further added value via integrations
You can look forward to an exchange with experts from the practice of the financial industry, technical standardization and corresponding regulations to discuss the opportunities and risks surrounding EUDI wallets.
👉 Register for free
Participating:
- Franziska Granc, Chair of the Bitkom Digital Identities Working Group and Senior Project Manager Nimbus Technology Consulting
We expect further confirmations for our panel discussion shortly.
You can also find out more about
- the interaction of AMLR and eIDAS and its impact on compliance requirements,
- the practical ways to prepare for EUDI wallets and their use in customer and identity management,
- New business opportunities for banks thanks to digital proofs in the EUDI wallet 
- New technical standards enforced by regulation, such as ETSI 119 461 v2 and their influence on remote identification procedures with physical ID cards (e.g. Video-Ident)
- how you can now immediately test functionalities on the Namirial Wallet platform sandbox
Recognize your need for action and your room for manoeuvre. Find out how you can reconcile regulatory requirements with innovative technologies.
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