IDnow, one of Europe’s leading platform-as-a-service providers for identity verification, announces its participation in the IDunion network, which aims to build an open ecosystem for decentralized identity management.
For the IDunion network, the central aspects of the implementation are security, cost-effectiveness, user-friendliness and the use of identity data with respect for privacy. IDnow has partnered with other industry experts through IDunion to promote a common vision of digital identities in line 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 look forward to working together on secure and cost-effective solutions,” said Armin Bauer , Managing Director of 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 inception, IDnow has worked closely with various regulatory authorities in Europe and supports standardization working groups such as the FIDO Alliance or ETSI Special Working Group 588 to develop new standards using its expertise. .
As one of the European market leaders in the field of digital identification, IDnow is working on technology to implement digital wallets. Thanks to this technology, user data is stored securely on the user’s smartphone in accordance with data protection laws. Thanks to the recognition of fingerprints or face (Touch or Face ID), the data is released for identification. The user retains control of his own data at all times. As a certified identification service (“registration authority”) in accordance with §24 1 d) eIDAS and as one of the largest providers of eIDs, the online identification function, IDnow is ideally positioned to provide all citizens and businesses with an identity in the future as part of a digital identity wallet. Within IDunion, IDnow’s goal is to make the wallet technology compatible with the standards of the IDunion network.
In recent years, IDnow has expanded its role far beyond offering individual identification procedures and has become the global platform for digital identities with several million transactions per year. In 2021, IDnow acquired the French market leader in identity technologies, ARIADNEXT, as well as the German company Trust Management AG. This allows IDnow to expand into new sectors and offer its services to a wider clientele in Europe .
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