• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Digital Market

seeing people behind the digits

  • About
  • Events
  • Tech Jobs
  • Domain Names
  • Reports
    • Technology
  • Sponsored Post
    • Make a Contribution
  • Contact

IDnow supports European digital identity ecosystem

July 8, 2021 By admin

IDnow joins IDunion, the network initiative for digital identities funded by the Federal Ministry for Economic Affairs and Energy (BMWi)

MUNICH – IDnow, a leading European Platform-as-a-Service provider for identity verification, announces its participation in the IDunion network, which aims to build an open ecosystem for decentralised identity management.

For the IDunion network, central aspects of implementation are security, cost-effectiveness, user-friendliness and privacy compliant use of identity data. IDnow has joined forces with other industry experts through IDunion to drive a shared vision of digital identities that is aligned with European values and regulations.

“We are excited to play a key role in shaping the future of digital identities in Europe with our partners at IDunion and looking forward to working together on secure and economical solutions,” says Armin Bauer, Managing Director Technology and Co-Founder of IDnow. “The introduction of a digital identity solution is an important and necessary step for Europe. After the publication of the EU decision on the EU Digital Identity Wallet, we now need to think about a unified infrastructure,” adds Armin Bauer.

Since its foundation, IDnow has been working closely with various regulatory authorities across Europe and supporting standardisation working groups such as the FIDO Alliance or ETSI’s Special Task Force 588 to develop new standards with its expertise.

As one of the European market leaders in the field of digital identification, IDnow is working on a technology to implement digital wallets. With this technology, users’ data is stored securely on the user’s smartphone in compliance with data protection laws. By means of fingerprint or facial recognition (touch or face ID), the data is released for identification. The user retains control over his or her own data at all times. As a certified identification service (“Registration Authority”) according to §24 1 d) eIDAS and as one of the largest providers of eIDs, the online ID function, IDnow is ideally positioned to provide all citizens and companies with an identity within the framework of a digital identity wallet in the future. Within IDunion, IDnow’s goal is to make the wallet technology compatible with the standards of the IDunion network.

Over the past few years, IDnow has expanded its role far beyond offering individual ident procedures and has become the overarching platform for digital identities with several million transactions per year. In 2021, IDnow acquired the French market leader in identity technology, ARIADNEXT as well as German identity Trust Management AG. This enables IDnow to expand into new industries and offer its services to a broader customer base in Europe.

About IDnow
IDnow is a leading identity verification platform in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security.

The company has offices in Germany, United Kingdom and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners. Its portfolio of over 670 international clients, spans a wide range of industries, and includes leading international players such as, Western Union, UBS, Commerzbank, Sixt and Munich Re, as well as digital champions like N26, Solarisbank, wefox and Tier mobility.

SOURCE IDnow GmbH
http://www.idnow.eu/

Filed Under: News Tagged With: digital identity, digital wallet, identity verification

Footer

Recent Posts

  • EBANX Pushes Network Tokens to the Forefront of Payments in Latin America
  • A Different Angle on the Domain Portfolio
  • Katana Raises €14 Million Series B Extension to Redefine ERP for SMBs
  • Visa Unveils Stablecoin Prefunding Pilot to Modernize Cross-Border Payments
  • Clean Reputation Launches Boutique Reputation Management for Permanent Online Content Removal
  • Entro Security Extends Platform to Secure AI Agents
  • NopalCyber Launches Threat Hunting & Advisory Hub for Proactive Cyber Defense
  • Night Strolls and City Lights: Digital Media in Motion
  • Emergent Raises $23 Million to Redefine Who Gets to Build Software
  • Snowflake for Startups Launches at SVAI Hub, Positioning the AI Data Cloud as a Launchpad for Next-Gen AI Companies

Media Partners

The Art and Intricacies of Macro Photography
Monochrome Majesty of the Modern Port
Nevermind, I Cropped It
How Not to Get Lost in the Exposure Triangle
Lens Switching 101: Protecting Your Sensor and Maximizing Your Shots
The Poetics of the Street
The Ultimate Guide to Golden Hour Photography: How to Capture Breathtaking Light and Transform Your Photos
Contact
But There Will Be Signs You See Me with a GFX100RF
Street Photography by the Sea with a 100mm Lens

Media Partners

Bootstrapping
ESN
Abbreviatory
3v
Calendarial
Brands to Shop
Exclusive
Pxef
Defense Market
Peppers

Copyright © 2022 DigitalMarket.org