In the rapidly evolving financial services industry, institutions must navigate an increasingly complex regulatory landscape while ensuring seamless and secure customer authentication. With the Electronic Identification, Authentication, and Trust Services (eIDAS) Regulation setting a gold standard for electronic identification and trust services across the European Union, financial institutions—including electronic money institutions (EMIs), payment service providers, and investment firms—are now recognizing the need to integrate eIDAS-compliant authentication methods.
This shift is driven by the need for stronger security, regulatory compliance, and improved customer experience, particularly as digital finance grows in scale and sophistication.
Financial institutions handle sensitive financial transactions daily, making them prime targets for fraud and cyber threats. Traditional authentication methods—such as passwords and basic two-factor authentication (2FA)—are no longer sufficient to protect users against identity theft, phishing, and other cyber risks.
The eIDAS framework provides a solution by introducing Qualified Electronic Signatures (QES), which are legally equivalent to handwritten signatures across the EU. By implementing eIDAS-compliant authentication, financial institutions ensure that transactions are secure, fraud-resistant, and legally binding, improving both security and trust in digital finance.
A key regulatory driver for adopting strong authentication is the Digital Operational Resilience Act (DORA), which takes effect on January 17, 2025. This EU regulation requires financial entities to establish robust cybersecurity and ICT risk management frameworks to prevent, withstand, and recover from cyber threats.
DORA mandates advanced security measures, including strong authentication, to mitigate digital risks and maintain operational continuity. Adopting eIDAS-compliant solutions aligns perfectly with DORA’s requirements, ensuring that financial institutions stay ahead of evolving regulatory expectations.
ZealiD, a Qualified Trust Service Provider, delivers an out-of-the-box solution that meets the authentication and signature needs of financial institutions. At its core, ZealiD’s Identity Wallet provides:
One of the major challenges financial institutions face is scaling secure authentication across multiple nationalities and languages. ZealiD solves this problem out of the box, supporting:
✅ 50+ nationalities
✅ 26 languages
✅ Compliance with eIDAS & DORA
This makes ZealiD an ideal choice for financial institutions looking to scale their authentication processes while ensuring seamless user experiences across different markets.
As financial services continue their rapid shift toward digital-first experiences, the need for secure, compliant, and frictionless authentication is greater than ever. By adopting ZealiD’s eIDAS-compliant solution, financial institutions can:
✔ Enhance security – Protect against fraud with high-trust authentication and digital signatures.
✔ Ensure compliance – Meet eIDAS and DORA regulations with a trusted Qualified Trust Service Provider.
✔ Improve customer experience – Offer seamless biometric authentication and easy onboarding across multiple nationalities and languages.
The financial landscape is evolving rapidly—don’t get left behind. Future-proof your authentication processes with ZealiD and ensure your institution remains compliant, secure, and competitive in a digital-first world.
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