Community
Our task - especially in banking - is now to take the ready parts of EU legislation and wallets into use – make the Trust Infrastructure real.
WHY?
Because we need to make life easier – cut the rising stress levels - for citizens at work and at home, make enterprises more successful, make EU more secure and transparent and cut CO-emissions in all Member States.
HOW?
WHAT?
A Single Market where verified data from all sources is available to all life events at work and at home, always in the same way, without need for technical integrations between the parties and bilateral contracts - across all sectors and borders.
IS IT EASY?
The wallet deployment is easy. The integration to back-end systems is basic work.
What may take some time is to agree on rule books (cutting out the need for bilateral contracts).
Ironing out wrinkles in EUDI-wallet implementation is hard work but should not be a reason for not moving ahead. If the result is too cumbersome for some actors, we must see to it that it supports flexible interoperability with all sorts of up-to-standards tools.
ESPECIALLY IN BANKING
Customers need help to find and get verified data needed for financing, wealth management, payments, establishing businesses, seeking jobs etc etc. From all sorts of issuers, always in the same way to their wallets, and from there to the banks' wallets and so many other services. Naturally banks have so many credentials that customers will ask for and should have issuing plans by now..
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Ellison Anne Williams CEO at Enveil
30 October
Damien Dugauquier Co-Founder & CEO at iPiD
Kyrylo Reitor Chief Marketing Officer at International Fintech Business
Prashant Bhardwaj Innovation Manager at Crif
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