Europe
The European Commission (EC) has adopted technical standards for the European Digital Identity Wallets as part of the European Digital Identity Framework. These standards, which include uniform specifications and procedures, aim to ensure interoperability, security, and privacy across member states. The regulations also establish a certification framework to ensure the wallets are secure and protect users’ personal data.
The European Digital Identity Wallets will offer a universal, secure way for individuals and businesses to access public and private services across borders. Data will be stored locally on the wallet, giving users control over their information and ensuring no tracking or profiling.
Asia Pacific
Signicat, a European provider of digital identity and fraud prevention technology, has entered into a strategic collaboration with AsiaVerify.
The partnership aims to enhance Signicat’s offerings in APAC by enabling companies to navigate the region’s regulatory frameworks more effectively. AsiaVerify becomes the first APAC-focused partner in Signicat’s global network of data providers. By leveraging AsiaVerify’s access to real-time, official data sources in key markets such as China and Singapore, the collaboration equips Signicat’s clients to verify individual and corporate information securely and efficiently.
Ethiopia
Ethiopians must soon present a Fayda national digital ID to open a bank account at branches in the capital.
Solomon Desta, vice governor of the National Bank of Ethiopia, has instructed banks to enforce the use of digital IDs as a prerequisite for account opening, with a series of phased deadlines.
Banks nationwide must comply with Fayda standards by January 2026, while those in major cities face an earlier deadline of July 1, 2025.
Existing bank account holders are also impacted, as they will be required to obtain a digital ID by December 2026 to keep their access to the accounts.
United Kingdom
Dating up SIZZL is partnering with identity verification provider OneID.
Thanks to advanced open banking technology, OneID verifies that each user is a real person, over the age of 18, and precisely who they claim to be, “nipping any fake and AI-generated accounts in the bud.”
This collaboration puts SIZZL ahead of the UK’s Online Safety Act (OSA), with a level of accountability and authenticity it said is unmatched by any other app in the dating space.
Asia Pacific
Signal harnessing tool Berify has selected authID to provide onboarding and authentication solutions to its customers both worldwide and in the Asia Pacific market in particular.
authID’s ProofTM and VerifiedTM solutions will provide support to Berify customers, who are seeking security across their platforms. Berify will use authID’s technology as it continues to provide customers with a single digital address “that helps streamline user experiences and secure account recovery processes as needed.”
United Kingdom
An initiative by the UK’s The Centre for Finance, Innovation and Technology (CFIT) is to introduce a digital company ID.
According to Finextra, the initiative, backed by a coalition including major financial and technology entities like Lloyds Bank, NatWest Group, Monzo, and Mastercard, aims to streamline business operations and fortify them against fraud.
The proposed digital ID model, likened to a virtual passport for UK businesses, promises to make securing finance and conducting daily business operations more efficient and secure. Participating in this initiative are over seventy organizations, including Barclays, Santander, HSBC, and Visa, alongside regulatory bodies like the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR).
Research conducted by the coalition highlights significant benefits such as fraud prevention, enhanced bank efficiencies, and reduced compliance costs for financial services. The coalition’s efforts align with the National Payments Vision introduced by The Chancellor in November, which supports digital verification solutions as a means to combat economic crime.
Global
A new study from Juniper Research has found spend on digital identity verification checks will grow by 74 percent, from $15.2 billion in 2024. This will see digital ID verification spend to exceed $26 billion globally by 2029.
The study identified the rising usage of behavioural biometrics as a key technology that will enable digital identity verification vendors to achieve this by more efficiently detecting potential fraud.
Switzerland
SEALSQ, a producer of Semiconductors, PKI and Post-Quantum technology hardware and software products, has launched the INeS Box, a solution designed to address demand for secure digital identity provisioning in the manufacturing stage of connected devices. The INeS Box “simplifies, secures, and scales the process of generating unique digital identities, ensuring trust and security across the entire lifecycle of IoT devices.”
The INeS Box is tailored for manufacturers, including OEMs, ODMs, and EMS providers, operating in industries where secure connectivity is paramount, such as EV charging, medical IoT, and smart home devices.
United States
Identity Digital has announced a partnership with LinkedIn Premium on its Perks Program. The collaboration will enable career seekers, business professionals, and brand builders to establish and manage their online identities from one place. Users will receive a website, professional email, and custom domain as part of a bundled package with Name.com, an Identity Digital-owned registrar.
