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The scenario was "With the EU Digital ID wallet, the bank can request the necessary credentials from the applicant. He or she selects them, and in seconds they
by dalke 4y ago
The scenario was "With the EU Digital ID wallet, the bank can request the necessary credentials from the applicant. He or she selects them, and in seconds they are verified by the bank. The process even includes an eSignature that signals the applicant’s agreement."
Where in the process would the applicant fill in the information that the bank needs, but which isn't on the wallet? I guess it's a multi-step process, where one step presents credentials and another is the form-filling, and a third is the agreement.
Another way to ask my question is, what does "time-consuming and complicated" mean? Because there will still be time-consuming and complicated step even with this wallet.
As I understand it, before these Know Your Customer rules came into place, I could have walked into a bank and open an account with simply a signature card - how do you beat that simplicity?
> licensed profession X in Sweden
The document I linked to was "to work or study in Sweden", which is the "I hold this German degree" scenario you described.
The end of the document confirms that it's not concerning the "exercise licensed profession X in Sweden" - "Some professions are regulated in Sweden. This means that a special licence or authorisation is required to work in them. Contact the authority responsible for the regulated profession – for example, the Swedish National Agency for Education for teacher certification and the Swedish National Board of Health and Welfare for a licence to practice as a doctor or nurse."
- realityking 4y ago> As I understand it, before these Know Your Customer rules came into place, I could have walked into a bank and open an account with simply a signature card - how do you beat that simplicity? Of course that is a lot simpler but these regulations do exist for a reason. The status quo when opening a bank account online is the weird “hold your ID card to your forehead” dance. This proposal would be a clear improvement. > The document I linked to was "to work or study in Sweden", which is the "I hold this German degree" scenario you described. The document you linked describes a process with either 0 or very little force of law. (It might for government employment). Yes, an employer might like it when you translate your foreign credentials into the domestic Swedish system. But it’s in no way required.
- dalke 4y ago> This proposal would be a clear improvement It's honestly hard for me to judge. I don't know what it's like to be, say, a Swede moving to Spain and wanting to open a local bank account. Still, the marketing scenario is that an EU citizen will be able to open a bank account "in seconds", with seemingly no consideration for how a digital wallet may be able to fulfill those existing regulations. > But it’s in no way required. Which means the scenario doesn't describe a big need, right? If this were a solution to real problems, I would expect more substantial scenarios, not something that makes me doubt they've thought seriously about the problems. I'm still curious if "citizenship" will be stored in the wallet, and who get to decide if "Palestine" is an allowed term.