{"id":5331,"date":"2021-03-23T10:54:54","date_gmt":"2021-03-23T09:54:54","guid":{"rendered":"https:\/\/www.logalty.com\/blog\/2021\/03\/23\/eidas-caso-de-uso-sector-financiero\/"},"modified":"2021-04-05T09:51:52","modified_gmt":"2021-04-05T07:51:52","slug":"eidas-use-case-in-the-financial-sector","status":"publish","type":"post","link":"https:\/\/www.logalty.com\/en\/blog\/2021\/03\/23\/eidas-use-case-in-the-financial-sector\/","title":{"rendered":"eIDAS in Action. Use case in the financial sector"},"content":{"rendered":"
What is the eIDAS?<\/strong><\/p>\n eIDAS<\/strong> <\/a>is an acronym for Electronic IDentification (eID) and Authentication and trust Services (AS).\u00a0 The eIDAS Regulation<\/strong><\/a>\u00a0provides a single framework to ensure that the electronic interactions between companies, citizens and public administrations are more secure and efficient, which facilitates the provision of business services throughout the EU.<\/p>\n Logalty has been a Qualified Trust Service Provider since July 2018 and it has provided services with which to identify clients in accordance with the KYC guidelines on money laundering.<\/p>\n What does the eIDAS bring to the financial sector?<\/strong><\/p>\n The financial services sector is one of the greatest potential beneficiaries of electronic identification and trust services, as they facilitate significant business opportunities and improve services among different EU countries.<\/p>\n Logalty provides the following services: qualified electronic signature, qualified electronic seal, qualified\u00a0 time stamp and qualified electronic certificate delivery. It also has operator-assisted video-identification services, unassisted video-identification services and ID document validation services.<\/p>\n eIDAS & Logalty in practice<\/strong> <\/p>\n An entity has a client in Europe that wants to engage several financial services<\/p>\n KYC compliance and money laundering<\/strong><\/strong> Time-saving and reduction in manual errors<\/strong><\/strong> Made-to-measure and cost-effective workflow<\/strong><\/strong> Document origin traceability<\/strong><\/strong> Daniel Garc\u00eda\n
Logalty & eIDAS<\/strong><\/h2>\n
\nHow the qualified trust services provided by Logalty can help in a practical use case of agreement formalisation in different EU countries<\/strong>.<\/strong><\/p>\n
\n1.<\/strong> Using eID \u2013 qualified certificate of the entity \u2013\u00a0 the identity of the client is verified and the entity can obtain his\/her credit score to start the processes.
\nThe identity or eID of the client can be verified through a qualified certificate or video-identification.<\/p>\n
\n2.<\/strong> Through Logalty, as a qualified eIDAS trust provider, the entity sends the client the documentation with registered delivery (ERDS).<\/p>\n
\n3.<\/strong> The client uses the Logalty platform to sign the agreements.
\nLogalty creates electronic evidence by intermediation.<\/strong><\/p>\n
\n4.<\/strong> Logalty sends the time-stamped formalisation seal with registered delivery.<\/p>\n
\nIdentity and Trust Services eIDAS Manager<\/p>\n","protected":false},"excerpt":{"rendered":"To meet these needs and the obligations of regulatory compliance and probative effectiveness, the EU-wide eIDAS Regulation came into force. What is the eIDAS? eIDAS…","protected":false},"author":11,"featured_media":5333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[66],"tags":[],"acf":[],"yoast_head":"\n