The potential of electronic identification under eIDAS in the banking sector
date: 21/03/2019
The European Commission has been exploring how electronic identification under eIDAS could be leveraged by the banking sector to comply with Know-Your-Customers' (KYC) requirements under the fourth Anti-Money Laundering Directive (4th AMLD); and to guarantee strong authentication requirements of parties in the context of the revised Payment Services Directive (PSD2).