By offering more effective, convenient and customer-friendly products and services, financial technology companies are rapidly disrupting and transforming every single industry. Remote electronic identification is one of the solutions for how new technologies can significantly improve access to financial services both for consumers and businesses. There are no more physical or national borders in the digital age. Time, speed and service matter.
The European Commission is calling for a wider use of electronic identification means across the EU. As part of the Digital Single Market, this step is needed to ensure mutual recognition and the use of national eIDs across all Member States. Once eIDAS will be fully operational, EU citizens and companies will have the choice to use the eID to access online public services in other Member States. In addition, commercial services will be able to rely on the eID for their business transactions across the EU.
“Latvian finance industry data shows that we have significant expertise in a wide array of digital financial services. At the same time, we see that more rapid development at the European level requires common EU regulation for all financial service providers, therefore facilitating competitiveness and cross-border activities. Quicker introduction of remote client identification is also important for Latvian financial companies, so that they are be able to provide equivalent services to other EU financial market players,” says Sanda Liepina, Chairman of the Management Board of the Association of Latvian Commercial Banks.
- Janis Kirsteins, Co-Founder of Notakey
- Martins Berzins, Business Development Professional with deep ICT and Fintech Experience, Head of Digital Banking at Citadele Banka
- Georg Nikolajevski, Expert on EU trust services at SK ID Solutions
- Janis Bokta, Chairman of the board at the State Joint-Stock Company “Latvia State Radio and Television Centre”
- Diana Dubova, Head of Digital Services at Swedbank Latvia
Moderator: Sanda Liepina, Chairman of the Management Board at the Association of Latvian Commercial Banks
The main goal of this discussion is to identify FinTech challenges, engage in dialogue and find cooperation potential among stakeholders for better results in the future.
Startup ecosystem representatives, investors, opinion leaders, stakeholder and media are kindly invited to participate by filling out this form – http://ej.uz/remoteidentification