Increasing volumes of people are moving to new countries to study, work and live. In 2015 alone, a total of 4.7 million people immigrated to one of the European Union’s 28 Member States.
These people need access to local services for government, health and finance. The process of registering for these services can be time consuming and it is likely to require the person to verify their identity using paper based documentation. For example, to open a new bank account customers often have to attend the physical branch to enable the bank to meet the country’s regulatory requirements. This is expensive and inconvenient for the customer and the bank. In the U.K. up to 50% of new bank account applications are from customers originally from overseas.
This project will develop and test a prototype that will allow an EU citizen to open a bank account in another European country using their national digital identity. It will also build the service design and operational framework that will enable a more trustworthy and efficient account opening process for EU citizens. The project will deliver a business case for the development of the fully operational service that can be used by consumers.
The project has been awarded a grant by the European Commission’s Innovation and Networks Executive Agency (INEA), under the Connecting Europe Facility programme. It will utilise the eIDAS framework to authenticate a citizen’s national identity across member states, this is illustrated in the graphic below.
Open Identity Exchange’s Role
The Open Identity Exchange is managing the delivery of this project, coordinating the consortium of:
- OT Morpho
- Government Digital Service
Orange will create the services that will allow a digital identity to be set up for use by a French citizen through Mobile Connect. OT Morpho will develop services and infrastructure for the identity authentication process needed. HSBC and Barclays will evaluate how eIDAS services and other attribute information can be used to fulfill their account opening processes for international customers.
OIX is responsible for communications, stakeholder engagement and the relationship with INEA. It will share the findings of the project through the publishing of White Papers and presentation of findings at events for members and a range of key stakeholders.
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This project is the recipient of the funding from the CEF:
 For more details https://ec.europa.eu/inea/en/connecting-europe-facility/cef-telecom
 eiDAS is an EU regulation and sets the standards for electronic identification and trust services for transactions in the European Single Market.