🎧What is behind the EUDI-Wallet and how will it shape digital identity across Europe? In this episode, Annerton expert Peter Frey joins Dana Wondra to explain what the Wallet is designed to do – and why it’s much more than just another app. – Tune in now!
The EU’s Digital Identity Wallet
In Episode 120 of Alles Legal – Fintech Law in Brief, lawyer and partner Peter Frey from Annerton joins host Dana Wondra from Payment & Banking to explore the EUDI-Wallet: a new EU-wide system for managing digital identities under the revised eIDAS Regulation 2.0.
Peter explains who can issue such wallets, what security requirements must be met, and how the EUDI-Wallet could reshape processes such as identification, contract signing and authentication – affecting citizens, banks and public authorities alike.
Unified, Secure and Interoperable
Far more than a conventional app, the EUDI-Wallet is a legally anchored identity and data management system. Its purpose is to eliminate media discontinuities, protect user data, and put individuals in full control of their personal information. The underlying role model differentiates between issuers, attribute providers, and so-called relying parties – such as banks or insurers.
All wallet providers must meet high security standards and obtain governmental certification. While private providers may also develop wallets, they require additional state-level approval beyond the basic certification.
Legal Proof Made Digital and Efficient
The EUDI-Wallet will enable users to prove their identity, age, residence, account information, and even provide a legally binding digital signature. Especially for banks, this could be a gamechanger – streamlining KYC and SCA processes and reducing operational costs.
Still, challenges remain: technical integration into existing systems and unresolved legal questions, particularly concerning liability between banks, wallet providers and customers. The Wallet is expected to launch by the end of 2026.
About this podcast
Alles Legal – Fintech Recht Kompakt delivers sharp, weekly insights into legal and compliance matters in the world of banking. (in German only)
This podcast is a collaboration between Payment & Banking and PayTechLaw.
Each Wednesday, we unpack the legal developments shaping the financial world – clearly, concisely, and without the legal jargon.
Since 2021, PayTechLaw authors and Annerton attorneys have brought depth and clarity to complex topics.
Whether it’s PSD3, DORA, or FiDA – we provide the legal context you need.
In 20 minutes. No detours.
