eIDAS 2 compliance for Financial Services

Financial Organisations supporting the EUDI Wallet

Staying ahead of regulatory change is never easy—especially for financial institutions navigating complex compliance landscapes. We recognize the enormous effort it takes to implement secure, scalable solutions that meet evolving legal requirements. With the introduction of eIDAS 2 financial organisation must soon support the EUDI Wallet.

At Lissi, we’ve already gained hands-on experience through our active involvement in large-scale EU pilot projects like EWC and POTENTIAL. That means we understand both the technical challenges and the regulatory standards—and we’re ready to help you move from obligation to opportunity.

Mandatory acceptance for banks

The European Digital Identity Wallet (EUDI Wallet) will soon be mandatory for regulated financial services under Article 5f of the new eIDAS 2 regulation. That means financial institutions, such as banks must support wallet-based identification and authentication—including for strong customer authentication (SCA) and Know your Customer (KYC) by 2027.

Source: EU 2024/1183 Art. 5f (2)

Requirements of the elDAS 2 regulation for the financial industry:

Identification (KYC)

Banks that are legally obliged to carry out a KYC (Know Your Customer) procedure must also offer this with the EUDI-Wallet to enable more efficient and secure verification of customer identity.

Strong customer authentication

Banks that are obliged by national or EU law to use strong authentication procedures must also enable this with the EUDI-Wallet in order to increase the security of online transactions.

What is the core of your business? Financial services or software development?

As bank you require a connector API service, which enables your internal IT-modules to interact with all EUDI-Wallets. Development and maintenance of this software requires significant effort and highly specialised niche knowledge.