IDnow to become an active part of the European netID Foundation’s ecosystem
Munich, January 30, 2024 – IDnow, a leading identity verification platform provider in Europe, announces its cooperation with the European netID Foundation. The goal: The introduction of an identity wallet for netID users in Germany as an alternative to the offerings of US platforms.
Developed by IDnow, the netID Wallet app will be available for users to download later this year and will allow them to reuse and share stored digital identities.
Self-determined and even simpler reuse of identities
netID is an open standard that enables users to access online services of netID partners (among others Süddeutsche Zeitung, Mediengruppe RTL Deutschland, ProSiebenSat.1 and United Internet with the WEB.DE and GMX brands) via the same login details, all in compliance with data protection regulations. The introduction of the identity wallet will make storing and retrieving identities even easier for around 40 million potential users.
Bundled in one digital location, users can access and verify proof of identity such as ID cards, driving licenses, social security data and much more on their smartphone at any time – making everyday processes more efficient. netID partners, in turn, can significantly simplify their processes for verifying customer data, for example for invoice purchases, and thus make them more cost-effective.
Wallet can be used by the partners of the netID ecosystem
The initial verification of the user’s identity to create the wallet is carried out using the proven IDnow solutions. Once the identity has been confirmed and the digital wallet has been successfully created, the user decides with whom they want to share what data. Anyone who uses the wallet once to register with a mobile phone provider, for example, can use it again at any time with one of the partners in the netID ecosystem for verified identification.
The wallet is another step toward the future: the European Commission is about to publish a new version of the eIDAS regulation (electronic IDentification, Authentication and trust Services), which is expected to come into force in 2024. All EU citizens should have a digital identity by 2030. The launch of the netID Wallet supports this goal.
“netID has been simplifying digital life in Germany since it was founded. Transparency and data protection have always been at the heart of what we do. We see the netID Wallet as the logical next step in the further development of the netID offering. Thanks to the cooperation with IDnow, we can offer our users secure and user-friendly identity verification that will even be able to serve regulated use cases in compliance with eIDAS in the future,” explains Uli Hegge, CEO of the European netID Foundation.
“We are delighted to have gained a trustworthy partner for our identity wallet in Germany in the form of the European netID Foundation and to be an active part of the netID ecosystem in the future,” says Uwe Stelzig, Managing Director DACH at IDnow.
“IDnow and netID pursue similar goals in terms of data security and user-friendliness, which we are now also pursuing together in identity verification. With the introduction of the wallet, users no longer have to identify themselves again and again, but can save their verified identities and simply reuse them the next time. In this way, netID partners can offer their users even faster and secure access to their services,” continues Stelzig.
