14 September 2022
iProov, the world leader in face biometric verification and authentication technology, announced today that it is a key member of a new multi-country consortium of Europe’s most trusted identity experts, working on a proposal for a large-scale, cross-border payments pilot strongly aligned with the aims of the European Commission’s EU digital identity wallet program.
Six countries (Denmark, Germany, Iceland, Italy, Latvia and Norway) are part of the consortium, led by NOBID (Nordic-Baltic eID Project). The consortium’s proposal will bring to life the most widely used of the EU’s priority use cases for the wallet – payments. In addition to iProov, technology partners participating in the consortium include Thales, Signicat, RB, Auðkenni, IPZS, Poste Italiane, Intesi Group, InfoCert, FBK and Latvian State Radio and Television Centre.
The consortium’s proposal focuses on payments, one of the top priority use cases in the EU’s Digital Identity Wallet vision. Its use case will leverage existing payment infrastructure to enable payment issuance, instant payments, account-to-account transfers and payment acceptance both in-store and online. It is designed to also complement wider EU plans to empower member states and streamline cross-border payments, such as the European Payments Initiative (EPI) and the Digital Euro. The project has unrivaled support from leaders in banking and payments including DNB, DSGV, Intesa Sanpaolo and Nets.
“iProov is delighted to have contributed as a core team member in this consortium, which comprises so many distinguished digital identity experts,” said Andrew Bud, Founder and CEO of iProov. “We are committed to its vision for an inclusive and secure way to help citizens make payments. The success of the EU Digital Identity Wallet will depend largely on citizen adoption and usage. iProov provides simple and secure remote enrollment and authentication, which will be crucial to this goal.”
iProov’s patented face biometric authentication technology is used by governments and enterprises around the world to verify and authenticate digital user identity. Its Genuine Presence Assurance® and Liveness Assurance™ technologies help prevent identity theft and other online crime using a passive authentication experience. iProov’s face verification technology works on all platforms and devices with a user-facing camera and does not require the user to follow complex instructions.