eSignature Legitimacy for Facilities in European Union

How to eSign a document: e-signature legitimacy for Facilities in European Union

Regulations can be complicated, especially when it comes to KYC and digital identity. That doesn't mean explanations need to be. At IDnow our experts believe even the most nuanced, indecipherable and complex of legislation can be broken down and explained within 90 seconds or less. Let's get started. eIDAS is a short name for Electronic Identification, Authentication and Trust Services. The second amendment to this eIDAS draft, which came out in 2014, is now in draft form, came out in 2021, and should have new legal and technical requirements that will be ready hopefully we're expecting by 2023. It affects all European member states and EEA countries. The residents, citizens and businesses of member states will be able to offer a digital identity that can be stored on a device and reused. It's yet to be determined by each member state how this digital identity will be issued either by government mandate or commissioned by a private industry company against certification. It is one of the first frameworks globally to offer the legal and technical requirements for a digital identity and its storage and re-use. Users will be able to attest other attributes for example, licenses, certificates, health information onto this digital identity wallet. And it can be used for both public and private sector services. The best thing to do is to be ready for the compliance requirements that will be coming into effect sometime in the next few years. Visit IDnow.io to discover how our digital identity services can help you meet existing and upcoming regulatory challenges.