Newbanking chosen to develop EU Digital ID Wallet alongside Scytáles

In 2021, at the height of the COVID-19 pandemic, and following announcements as early as 2020 by Commission President, the European Commission announced its plans for a European Digital Identity framework available to all EU citizens, residents, and businesses. ?

The ultimate objective is a secure European e-identity, available to all EU citizens, across the EU and across activities. This would include digital identification means, electronic signatures, validation of documents and would entail transparency of data use. ?

The European Digital Identity Wallet will provide the benchmark for secure and transparent digital identification across the EU, ensuring at the same time the safety of the data that each citizen provides. The benefits are multi-fold from ease of use to cost reductions for businesses to cross-border transactions made possible.?

In the latest news, the contract for development consultancy and support services of the project?has been awarded to Scytáles AB and Netcompany-Intrasoft, a member of Danish NETCOMPANY Group A/S.?

Once developed, the wallet will be offered to Member States and other stakeholders for implementing the requirements of the Regulation on a framework for a European Digital Identity. ?

- Since the global pandemic the digitalisation of processes for both companies and public services has made safe digital identification imperative. The EU Digital Wallet will simplify daily life for EU citizens and businesses and create growth opportunities for public and private services across the EU. We are honoured to have been awarded the EU Digital Wallet contract with our reputable partner and proud that Scytáles’ world leading technology gets recognised, states Mr. Konstantin Papaxanthis, CEO of Scytáles AB in the press release announcing the news.