Apr 6, 2020
eIDAS: Digital Identification Regulation in Europe
eIDAS regulation introduces a paradigm shift in digital identification and electronic signature in Europe.
In this article, we will try to understand this new community regulation that has forever changed the way of doing business and how companies and users in Europe interact with each other.
What is eIDAS?
eIDAS is the acronym for electronic IDentification, Authentication and trust Services. It corresponds to Regulation (EU) No. 910/2014 of the European Parliament and Council of July 23, 2014.
This new European regulation for identification and digital signature is opposed to electronic administration projects based on Law 11/2007 of citizen electronic access to public services.
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eIDAS sets the standards and criteria for simple electronic signature, advanced electronic signature, qualified electronic signature, qualified certificates and online trust services. Furthermore, it rules electronic transactions and their management.
The need for physical attendance in a Registration Entity was a compulsory condition to verify a user’s identity and begin a relationship with security. In this way, a reliable environment is created with maximum guarantees, leading to new digital identification mechanisms.
Thanks to eIDAS, face-to-face presence act prior to obtaining a certificate in a Registration Entity is avoided and its accomplishment is allowed from a remote digital channel, as it is specified in Article 24. Means of verification such as video identification act as a key solution within this framework.
This framework manages certificates issuance of a qualified electronic signature, being possible to keep confidence in the identity of a person from another recognized certificate. In this way, a new ecosystem of electronic administration is created and needs just one click to integrate new users.
Thus, eIDAS regulation introduces other recognized identification methods that provide security that is equivalent to physical presence. This security level and legality are confirmed by a Conformity Assessment Body.
You can learn detailed technical and legal information about eIDAS by reading this article.
eIDAS and AML5: A Single Market in Europe
AML5 Directive, together with eIDAS regulation, involves the creation of a Digital Single Market that allows homogenizing electronic identification in Europe and acquiring customers immediately and remotely.
5AMLD, or AML5, allows financial companies to work in a single market of 508 million consumers by removing barriers between the user and the company in the customer acquisition process.
The European regulation of trust services 920/2014 (eIDAS) delegates to AML5 Directive the ability to identify new customers in a simple, safe and remote way in any country of the European Union.
Digital identification with eIDAS
The new eIDAS regulation establishes basic and reasonable standards for digital identification: It is needed to create a reliable environment and it must be done with the maximum technical guarantees for the users’ and companies’ safety.
Lessons learned in the last decade have allowed becoming aware and, consequently, allow new licenses in eIDAS regulation that lead to new digital identification mechanisms without lowering security at processes.
Article 24 avoids the act of personalization prior to obtaining a certificate in a Registration Entity and allows to do everything from a digital and remote channel. Identification methods such as synchronous and asynchronous remote video identification come into play.
Through a qualified electronic signature certificate, it is possible to inherit the confidence and guarantee in the identity from another recognized certificate. Equivalent safety is confirmed by a conformity assessment body.
Why is the eIDAS regulation so important?
This regulation introduces, for the first time in history, electronic identification methods so that companies do not require the physical presence of their customers in a commercial office or branch to operate or, for example, open a bank account.
Regulated sectors such as financial or telecommunications can now acquire customers online anytime and anywhere. eIDAS regulation establishes a completely new framework for action and a common economic language for operations between companies and users.
Thanks to eIDAS and AML5, digitalization of certain bureaucratic and sales processes become a reality, decreasing costs and times while offering users a comfortable experience to become customers of a company or manage their products and services.
This sidesteps situations in which customers give up due to a complex process and the need to personify themselves in a commercial office, store or branch of the company they want to become clients.
eID, leading partner for optimal eIDAS performance
Our video identification, authentication and electronic signature (SignatureID) solutions, pioneering and unique in the market, offer a wide range of trust services for KYC processes (Know Your Customer), digital onboarding and online acquisition of customers, as well as for contractual customer relationship management.
We have created VideoID, the first and only technology that combines video-streaming with advanced artificial intelligence and machine learning techniques to identify people in just seconds, from any device and through any channel. It provides the same technical and legal security as face-to-face identification