The latest update from Signicat;
As European businesses face an approaching regulatory overhaul with the eIDAS 2.0 framework and the AMLR regulations, Signicat, Europe’s leading digital identity platform, today announces the integration of ID Austria into its comprehensive eID and Wallet Hub. This expansion allows European businesses to securely onboard and verify the identity of over 4.8 million Austrian users, representing 60% of the country’s adult population.
The integration allows Signicat’s customers to easily offer Austrian users a trusted, government-issued method for identity verification. This is especially critical for businesses in regulated industries such as banking, finance, insurance, and telecom, who must deal with a complex world of local and international compliance rules. By adding ID Austria to other remote identity verification methods like NFC technology, companies can ensure they meet the requirements of eIDAS, the upcoming Anti-Money Laundering Regulation (AMLR), and local Financial Markets Anti-Money Laundering Act (FM-GWG, Finanzmarkt-Geldwäschegesetz).
“With eIDAS 2.0 and the Anti-Money Laundering Regulation set to reshape the market by 2027, companies need to prepare for a mixed environment,” says Allard Keuter, Head of Authentication & Wallets at Signicat. “For several years, they will have to support the national eIDs that millions of people, like those in Austria, use and trust today, but they also have to prepare for the EUDI Wallet of tomorrow. We are effectively building the strategic bridge through what we expect to be an organised chaos. So a fintech in Portugal can accept both the EUDI Wallet from users in Portugal and ID Austria from users from Austria, as well as EUDI Wallet users from Austria.”
Austria’s high-adoption digital ID is seen as the foundation for the country’s future EU Digital Identity Wallet. Signicat’s platform, which now connects over 35 national electronic IDs and processes over 500 million transactions a year, providing a single API to manage this complexity. By adding ID Austria, the company provides access to a large market and prepares its clients for the future Austrian EUDI Wallet. This wallet will be created by updating the current ID Austria and eAusweise apps with the open-source Valera wallet technology.
“Businesses are at a critical juncture, facing a complex web of national and international regulations,” comments Asger Hattel, CEO at Signicat. “The real challenge for Europe isn’t just creating a digital wallet, it’s ensuring it can connect to the legacy systems people already use. Our strategy is to build the unified layer that makes cross-border business simple.”
The addition further solidifies Signicat’s position as the most robust digital identity platform for companies looking to scale across Europe in full compliance with evolving regulations.
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