Frequently Asked Questions
Dutch digital ID wallets include IRMA, Microsoft Entra, and Datakeeper. Dutch authorities are developing a ‘public DigiD reference wallet’ that will be released in 2023. In 2023, we will integrate all of these wallets in our solutions.
According to a 2020 report by McKinsey, the pandemic accelerated digital adoption by seven years. Currently the European Union coordinates their ambition to bring digital identity to all member states. EU member states are required to have a digital identity plan in place so they, and private companies, can accept digital ID wallets for identity verification. The wallets can be developed by either the public or private sector. The EU aims for a 80% adoption of digital identity.
DigiD is an identity management platform that is used by government agencies in the Netherlands for 200 million authentications per year by 11 million active users. In 2023, DigiD will become a DigiD ID wallet.
The EU promotes digital ID wallets. New EU regulations (‘The European Digital Identity framework’ part of eIDAS 2.0) require EU Member States to offer citizens and businesses digital ID wallets that can also be used in other EU countries (‘interoperability’). Every EU member state should endorse at least one EU-wide digital ID wallet by 2025.
Yes it does. We have designed our solutions to help you comply with anti-money laundering, counter-terrorism financing and sanctions regulations regarding collecting and verifying personal and business identity data. Your risk assessment determines which identity data you want to collect and verify using our solutions. Regulators recommend using digital ID wallets for identity verification.
Of course you do! Digital ID wallets can be used as an alternative to your current verification process. Processes such as paper copies and biometrics that may consist of comparing a selfie or video with the face in the photograph that appears on an ID document.
According to the ‘WEF report: 5 reasons to participate in digital identity ecosystems’, using digital ID’s and not ‘full copies of documents such as passports’ reduces the risks of identity fraud and provides benefits for society as a whole. Annually more than 15 million consumers are victims of identity fraud.
To achieve high levels of assurance, digital ID wallets rely on cryptographic protection and device-binding security. As part of our toolkit, we support OAuth 2.0 and W3C Verifiable Credentials.
As our client, you will obtain the identity data of your customers. Our role is to assist you in collecting and verifying this information. Data transfer between digital ID wallets and your platform meets the highest privacy and security standards. Ver.iD does not store or have access to data.
We can also assist you in storing sensitive data securely, creating audit trails, and reporting to customers and regulators.
Not yet, but our team is working hard to make sure all EU ID wallets can connect with your website in the near future. EU citizens must have at least one digital ID wallet that they can use throughout the EU by 2025.