The European Identity Wallet is coming – find out how your company can enter the new digital age of verification
Student ID in mObywatel – how can business benefit from digital identity verification?
15/07/2025
The European Identity Wallet is coming - find out how your company can enter the new digital age of verification
The European financial and digital market will soon enter a new phase. All due to the introduction of the European Digital Identity Wallet (EUDI Wallet). This solution will allow users to securely confirm their identity online and offline even outside their own country. While the key objective is convenience and simplicity for citizens, the new rules are also intended to tighten up verification systems and counter phenomena such as money laundering and identity fraud. Companies across many industries will need to adapt to the new regulations and technology requirements, which will provide the basis for interoperability on an international level. Discover key information about identity wallets and how Digital Gateways will prepare your business to be compliant, secure and efficient in the new digital identity ecosystem.
EUDI - what is a European Identity Wallet?
The European Digital Identity Wallet (EUDI Wallet) is an official tool that allows citizens of European Union countries to prove their identity digitally both in their dealings with public administrations and commercial entities. It is intended to be a secure, interoperable solution, recognised across the EU regardless of country of origin or place of use.
The wallet will be a smartphone application through which the user will be able to:
- control what data and to whom he or she wants to share and transfer it with a single step in the application,
- store many digital documents, including identity cards, driving licences and even professional qualification certificates,
- use the digital equivalent of the documents even for verification abroad of their country.
Furthermore, over time, the portfolio will be expanded to include business entity verification functions, which will further streamline and standardise identification processes.
The legal basis of the European Identity Wallet, or AMLR and eIDAS 2.0 in practice
The European Digital Identity Wallet was not created in a vacuum. Its functioning is based on a solid legal and technical foundation. Central to this is the eIDAS 2.0 regulation, which defines the requirements for security, interoperability and recognition of wallets and trust services across the Union. The AMLR, in turn, clarifies the rules on how wallets can be used in KYC and AML processes. It is these two pieces of legislation that create the stability and foundation to base onboarding, identity verification and financial transaction processes on a European standard.
EUDI in your company - benefits, responsibilities and competitive advantage
The implementation of the European Identity Wallet will bring many benefits to companies. Thanks to the EUDI Wallet, verification processes for a customer, employee or business partner will become faster, more secure and more compliant with legal requirements. The new tool will also open the door to easier expansion into markets across the EU without having to integrate with different local systems. On the other hand, it will force adaptation to new standards and technologies.
The most important benefits and changes for business are:
- reduced time for onboarding and verification,
- the ability to carry out verifications and digital signatures recognised throughout the European Union,
- supplementing the KYC procedure with additional customer information,
- digitisation of more complex financial products,
- reduced risk of fraud through high security standards.
- reducing operating costs by automating processes and eliminating paper documents.
At the same time, companies face challenges such as:
- the need to invest in new technologies and integration with identity wallet systems,
- adapting procedures to the requirements of eIDAS 2.0 and ensuring compliance with personal data protection.
Why is a digital wallet alone not enough?
The European Identity Wallet is a huge step forward, but more than that is needed to ensure the highest level of security. EU regulations require at least two different authentication factors (e.g. wallet combined with password). This is why biometric verification is an essential complement to customer identification. It ensures that the person using the wallet is actually the owner, which protects against fraud and unauthorised access. Combining a digital wallet with modern biometric methods, in an era of deepfakes and many other methods of identity theft, allows companies to comply with legal requirements and at the same time build greater customer trust.
Onboarding of tomorrow means one partner, full compliance with eIDAS, AMLR and EUDI
The introduction of the EUDI portfolio and the new AMLR regulations is not just a technical challenge, but an opportunity to build a modern onboarding process. Digital Gateways supports companies in transforming their identification models at every stage of establishing a customer relationship.
Our approach is based on the flexible integration of multiple identification methods into a single, consistent environment. This enables companies to reduce implementation time, improve user experience and effectively secure the entire process. It does not matter here whether it is onboarding a retail customer, a business partner or an employee. What's more, the entire system is prepared for changing regulations and increasing compliance and cyber security requirements.
If you want a process that really works and grows with your business, rely on a proven technology partner. Find out more about our comprehensive onboarding process.
