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

Digital Market

seeing people behind the digits

  • About
  • Blockchain and Fintech Events
  • Domain Names
  • Reports
    • Technology
    • Venture Capital
  • Featured Listing
    • Make a Contribution
    • Submit a Sponsored Post
  • 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

Primary Sidebar

App Coding

Coder Announces First Multi-Cloud, Multi-Compute Integrated Development Environment Platform
Code Intelligence raises $12M Series A
Amazon MWS Integration from Celigo Now Available on SAP® Store
How to teach yourself app coding
Browser innovation has stalled
A developer’s job isn't just to churn out code every day
Distraction-free coding

API Coding

Profound Logic Builds IBM i Salesforce API Integration Example without Writing a Single Line of Code
Join Our Team as an API Coder - Power Cutting-Edge API Apps
What is a REST API?
DarkOwl Announces Release of Ransomware API
New survey reveals API strategies, concerns as enterprises look to securely free data for business growth
How to code an API with ChatGPT
Apple Provides Developers with Even More Powerful Technologies to Push the App Experience Forward

Secondary Sidebar

Blockchaining

State of Technology Overview: Blockchaining 2023
Corporate leaders should embrace the potential of blockchain technology before it gets used against them
Bit.Store Platform Launches Social-Fi Collaborative Investment
How safe is blockchain technology behind cryptocurrencies
One of the world’s biggest blockchains is testing a new way to approve transactions

Marketing Development

How to enhance marketing message with visuals
Marketing budgets are on rise
Why younger buyers want autonomy
How regulation affects all elements of digital marketing
Event Marketing : Know Your Audience

Footer

Recent Posts

  • What are cultural aspects of digital transformation
  • What it takes to make a digital town square
  • Idexo Releases New NFTMe Mobile App That Makes It Easy For Anyone to Turn Selfies Into NFTs and List Them for Sale with a Few Clicks
  • Evmos Closes $27M Token Sale to Accelerate Development of the Cross-Ecosystem dApp Platform
  • Countries with better FinTech development saw greater GDP resilience, employment during Covid-19: report
  • Moonshot Commons Raised Seed Round from HashKey Capital to “break geo-barriers” for the next Gen-Z founders in Web3
  • Umbro Enters Web3 With “The Nations’ Collection by Umbro”
  • GlobalConnect successfully raised EUR 1 billion in new ESG linked financing, enabling sustainable growth
  • Denmark has the best digital quality of life in the world
  • A license for a Bloomberg Terminal costs $24,000 per year, OpenBB is free

Media Instances

GDP output losses twelve months after a theoretical Russian gas supply shut off, by European country
A way to think about blog posts
Play about plague death of William Shakespeare’s son
Why do we love street food?
Mango and Melons

S3H

The age of globalization isn’t returning any time soon
Organisations will lose valuable employees who are GenZ nomads unless…
Unlocking Growth: The Power of Product-Led Strategy
Fish Memory Syndrome
Securing the Future: The Importance of Strong Cybersecurity

VPNW

What’s your biggest challenge as a creator?
Five Simple Strategies for Boosting Your Personal Productivity
Rising young innovators
The “peanut butter method” does not work
How to address a toxic corporate culture

Pixel Effects

Can you travel the world on a sailboat?
Renewables are the future
Peppers and Eggplants, the Quintessential Ingredients of Sicilian Cuisine
Pedestrians walking on a busy street in urban landscape
Geisha in the bath

Copyright © 2022 DigitalMarket.org

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT