The eIDAS regulation on eIdentification entries into force

The EU-wide legislation on the electronic identification (eIDAS Regulation) has entered into force on 29 September enabling cross-border recognition of the electronic ID and allowing citizens and business to share their identity data when necessary.

The ‘eIDAS’ (electronic identification and trust services) encompasses a range of services that help verify the identity of individuals and businesses online or the authenticity of electronic documents.

eIDAS in a nutshell

eIDAS will offers new opportunities especially in the following areas:

• Cross-border electronic transactions, such as enrolment in a foreign university, opening a bank account, accessing electronic health records.
• Opening a bank account anywhere in the EU without being physically present in full compliance with the EU rules, especially against the money laundering. T
• Reinforce the rules of the General Data Protection Regulation.
• Sharing only the necessary information, thus reducing significantly the risks of data misuse.
• Reduce costs by using eID and electronic signatures.
• Stimulate new innovative authentication services, such as seals or time stamps.

More information here