Cross-border availability of information services about private sector entities outside the origin country of the business allows to onboard or do KYC checks more rapidly and with more trust, while it allows new possibilities to businesses and also citizens on the move. Physical and digital mobility can benefit a large number of legal and natural persons, when fostered cross border across the EU with key trust enablers such as eID DSI.
Large companies and SMES will hire new financial digital services through a trusted digital mechanism for the verification of their identity.
KYC Consumers: will be provided with one-stop-services that will save time significantly and bring cost saving effects.
KYC Providers: will benefit from the integration of the eID DSI to remain compliant and competitive as well as guarantee a high level of customer satisfaction by accepting eIDs issued from other Member States.