eIDAS
RegulationsElectronic Identification, Authentication and Trust Services
Definition
eIDAS is an EU regulation on electronic identification and trust services for electronic transactions. eIDAS 2.0 introduces digital identity wallets that will enable secure identification and authentication for Open Finance services across the EU.
Frequently Asked Questions
What is Electronic Identification, Authentication and Trust Services?
eIDAS is an EU regulation on electronic identification and trust services for electronic transactions. eIDAS 2.0 introduces digital identity wallets that will enable secure identification and authentication for Open Finance services across the EU.
What does eIDAS stand for in Open Banking?
eIDAS stands for Electronic Identification, Authentication and Trust Services. It is a fundamental concept in Open Banking and PSD2 regulations. eIDAS is an EU regulation on electronic identification and trust services for electronic transactions. eIDAS 2.0 introduces digital identity wallets that will enable secure identification and authentication for Open Finance services across the EU.
How does eIDAS affect Open Banking?
Electronic Identification, Authentication and Trust Services is a regulatory framework that shapes how Open Banking operates. It establishes requirements for data sharing, security, and consumer protection that all participants in the ecosystem must follow.
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