Fintech

eIDAS 2.0 is the European Union's updated digital identity regulation, introducing the European Digital Identity Wallet (EUDI Wallet). This wallet enables citizens to securely store and share verified personal attributes, such as age or residency status, across all EU member states. For fintech companies, this means streamlined processes for verifying customer information, reducing administrative burdens, and enhancing cross-border service delivery.

Identity apps empower users to access financial services digitally by providing verified credentials through their mobile devices. This facilitates faster onboarding processes, reduces the need for in-person visits, and ensures that services are delivered efficiently and securely. Additionally, it enhances user trust by giving them control over their personal data.

Yes. Ver.iD integrates as an OpenID Connect (OIDC) Identity Provider, making it easy to layer identity app authentication on top of your existing fintech platform. Your customers verify via a secure Ver.iD-hosted QR-page and are redirected back to your system with verified claims. Ver.iD supports OIDC and OAuth 2.0, and is fully compatible with modern IAM platforms like Auth0, Keycloak, and legacy systems. You don’t need to integrate every wallet, one integration with Ver.iD gets you started fast.

Beyond compliance, eIDAS 2.0 offers fintechs opportunities to enhance customer experience, streamline operations, and expand into new markets. By adopting standardized digital identity solutions, fintechs can reduce fraud, improve onboarding efficiency, and build stronger customer relationships.