• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Finnish Consortium to Pilot eIDAS-Compliant Self-Sovereign Identity Network

September 16, 2022

Finnish Consortium to Pilot eIDAS-Compliant Self-Sovereign Identity Network

Findynet Cooperative, a consortium of Finnish tech companies, financial services organizations, and the Kela social security agency, will use a €3 million government grant to develop a self-sovereign identity network aimed at letting participants securely store and discretely share information.

Initially, the project will have a strong focus on payments and other financial applications. But ultimately, Findynet’s aim is to have users storing various kinds of documents on the identity network, such as education credentials and professional certifications.

Interoperability is a key concern in the project, with administrators aiming to ensure that data can be stored across various digital wallet services. And they are designing the solution to comply with the European Union’s eIDAS regulations and to be compatible with the planned European Digital Identity Wallet.

“The trust network, which will now be built, promotes digital and human-centered data economies,” the Findynet Cooperative explains on its website. “This means that end-users manage their own data and can decide for themselves what information they share about themselves with different parties to preserve their privacy.”

Beyond the Kela Social Insurance Institution of Finland, participating organizations include Finance Finland, the Finnish Post, Nordea Bank, Nixu, Technology Finland, OP Financial Group, Vastuu Group, and Tietoevry. The project has a three-year timeline.

The Findynet Cooperative project has come to light alongside a separate announcement of a consortium comprising six European countries – Denmark, Germany, Iceland, Italy, Latvia, and Norway – aiming to develop a digital identity wallet for use across the European Union. Like Findynet’s proposed solution, the Nordic-Baltic eID Project will aim for compliance with eIDAS, and will initially focus on payments.

Sources: PYMNTS, NFCW

Filed Under: Carousel, Industry News Tagged With: digital ID, digital identity, digital payments, eIDAS, European Union, Findynet Cooperative, Finland, Mobile ID, pilot projects, privacy, Self-Sovereign Identity

Related News & Articles

FaceTec Biometric 3D Face Matching Benchmark Results Highlight Industry Testing Gap

Google Testing Biometric Authentication for Autofill

Samsung Touts Foldable Phone Apps (Even if Device Itself is MIA)

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • TSA to Expand MDL Pilot to Puerto Rico, Tennessee Airports
  • OECD Issues Draft Recommendation for Digital ID, Invites Comment
  • NordPass, Yahoo! Japan, and Regula Keep Up Mobile Biometrics Momentum
  • NordPass Enables Biometric, TOTP-secured 2FA for Business Users
  • Mastercard Solution Certified Under UK’s Digital ID Framework

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld