Identity verification provider Hopae has released a free eIDAS 2.0 readiness assessment tool designed to help financial institutions prepare for mobile wallet-based identity verification under the EU’s updated electronic identification regulation.
The online tool generates a compliance readiness score and personalized action plan based on an institution’s current identity verification and customer onboarding practices. It evaluates preparedness across areas including digital identity wallet integration, qualified electronic signatures, and remote identity proofing, all capabilities that will need to function on mobile devices under the new framework.
The eIDAS 2.0 regulation, formally adopted as the European Digital Identity Framework Regulation, requires EU Member States to offer digital identity wallets to all citizens and residents. These wallets are mobile-first credentials, stored on smartphones and used for authentication and identity verification across sectors. Financial institutions are among the first entities that will be required to accept wallet-based identification for customer due diligence.
Hopae’s assessment targets banks, payment service providers, insurers, and other regulated entities that must adapt onboarding and verification workflows to accept credentials presented from a mobile wallet rather than traditional document-based checks. The tool identifies gaps in current systems and provides guidance on technical integration requirements.
The launch follows a series of market moves tied to eIDAS 2.0 preparation. Signicat unveiled an eID and wallet hub to bridge national eIDs with EU Digital Identity Wallets, and Moldova’s EVO mobile wallet has expanded its credential set ahead of a 2.0 launch.
The transition carries particular weight for financial services, where anti-money laundering obligations intersect with the new relying-party requirements. Institutions that currently rely on in-branch document checks or web-based onboarding will need to support smartphone-initiated verification flows, accepting digital credentials presented via near-field communication or QR code from a customer’s mobile wallet.
The assessment also covers qualified electronic attestations of attributes, a core component of the eIDAS 2.0 framework that allows mobile wallets to share verified data points, such as professional qualifications or organizational roles, during financial onboarding. Support for these attestations will be essential for institutions serving cross-border customers within the EU’s single market.
The readiness tool is available through Hopae’s website at eidasreadiness.com and targets institutions beginning compliance planning ahead of implementation deadlines set by the regulation.
Sources: Fintech Global, eIDAS Readiness
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By the Mobile ID World Editorial Team
