Identity Connect
Accept all EUDI Wallets with one integration. Stay compliant & competitive.
eIDAS 2.0 makes it mandatory for financial services providers and enterprises in the banking industry to accept the EU Digital Identity Wallets issued by 27+ providers, across the EU, by December 2027. Banfico’s Identity Connect makes compliance easy for Strong Customer Authentication (SCA), onboarding, and applying electronic signatures.
Live in weeks. Auditable & fully compliant with EU regulations.
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Problems & challenges
EUDI Wallet acceptance will be mandatory and the clock is ticking
eIDAS 2.0 Regulation, (EU) 2024/1183 Art. 5f
- Deadline: December 24, 2027
- Requires: Acceptance of EUDI Wallet
- Affected entities: banks, EMIs, private enterprises using SCA for online identification. Micro and small enterprises are exempt
AML Regulation, (EU) 2024/1624 Art. 22, 6. (b)
- Deadline: July 10, 2027
- Requires: Acceptance of electronic identification means (with LoA “substantial”/”high”, which includes the EUDI Wallet)
- Affected entities: Credit institutions and banks, financial institutions, asset managers, life assurance undertakings and intermediaries, crypto-assets service providers managing digital asset transfers, and others
Timeline
2024 May
eIDAS 2.0 in force: Regulation (EU) 2024/1183 establishes the European Digital Identity Framework and the EUDI Wallets
2026 December
EU-wide wallet issuing: Every EU member state must offer at least one certified EUDI Wallet to citizens (voluntary to be used)
2027 July
AMLR applies: Regulation (EU) 2024/1624 will take effect, with the EUDI Wallet recognized as a means for customer identification in due diligence
2027 December
EU-wide wallet acceptance: eIDAS 2.0 mandates relying parties offering strong user authentication (incl. banks, EMIs, etc.) to accept EUDI Wallets for authentication
Use Cases
SCA for login: e-banking and mobile banking
SCA for changing sensitive data: phone number, addresses, transaction/daily limits, trusted beneficiaries changes
SCA for payments: supporting dynamic linking for payment authorization (PSD2 / RTS on SCA)
Onboarding / KYC: customer due diligence based on digital Person Identification Data (PID) with a "high" LoA, without costly video calls or document scans
Banfico’s Identity Connect comes ready with…
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Standards-compliant verifier, aligned with the EU Architecture & Reference Framework (ARF) and is kept up to date across future ARF versions (supporting OpenID4VC-HAIP, OpenID4VP, OpenID4VCI, SD-JWT VC, mdoc)
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EU-wide trust management across all member states: Continuous validation against member state trust lists, EUDI Wallet provider certification status, and revocation data
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Evidence & audit vault: Every presentation, consent and signature stored as tamper-evident, exportable evidence, all compliant with eIDAS, AMLR and DORA reporting needs
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Reduced development complexity: simple REST APIs with sandbox and test wallet
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Sovereign deployment: EU-hosted SaaS, private cloud or on-premises. ISO 27001 certified operations, DORA-ready resilience, and no identity data leaving your jurisdiction
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QES support (in the future): accepting customers to digitally sign contracts and documents with the EUDI wallet embedded in your own UX
Integration in three steps
1
Integrate via REST APIs against sandbox
2
Test with sandbox wallet
3
Go-live and accept 27+ real EUDI Wallets
Built on standards & regulations your auditors will ask about
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eIDAS 2.0 (EU) 2024/1183, AMLR (EU) 2024/1624, PSD2 (EU) 2015/2366, DORA (EU) 2022/2554
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Applying ARF 3.x supporting TS12
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OpenID4VC-HAIP: Protocols: OID4VP, OID4VCI; Formats: SD-JWT VC, mdoc
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FAQs
Each EU member state has to offer an EUDI Wallet to its citizens, while each member state will have its own solution. Each EUDI Wallet has to be interoperable and will be applicable and accepted across all member states. Citizens are free to decide to either use it or not. Certain enterprises are obliged by eIDAS 2.0 to accept the EUDI Wallets as a means of authentication, amongst them also banks and other financial institutes that offer Strong User Authentication.
Not in the short term. As long as EU citizens are not required to use the EUDI Wallet, you need to offer also other means of identification and authentication
Customers that do not have an EUDI Wallet will use your existing means for onboarding and doing Strong Customer Authentication that you already offer them today.
To stay compliant with the upcoming eIDAS 2.0 regulation with an easy integration, while concentrating on more important topics that make a difference for you and your customers.