Digital Identity Wallet

Governing entity

Ministry of Finance

Status of implementation

Pilot

Legally binding redress mechanism

Legally established mechanism

Funding organizations identified

European Union

Technical Support organizations identified

Potential Consortium

URL

https://dvv.fi

Last Updated

01/10/24

Claim of digital ID

YES

ID or Civil Registry Act

YES

Regulation for digital ID

YES

Codified digital ID legal status

YES

Procedural rules for digital ID enrolment

YES

Relationship with feeder documents

YES

Terms of data storage and sharing available

YES

National Data Protection Act

YES

Data leak disclosure process

YES

Data handling terms exist

YES

Collects or uses biometric data

NA

Digital authentication function

YES

Enables KYC packet collection

YES

Authentication through government portal

YES

Two or more sectoral use cases enabled

NA

TIPS (Target Instant Payment Settlement)

Payment system type

Interbank payment system

Status of implementation

Active

Operator

Central bank

National / Regional

Regional

Annual value of transactions (USD)

NA

Annual volume of transactions

NA

Cost of transactions

NA

Number of participants

2024- 2321 (including non-Euro members)

Types of transactions supported

P2P, P2M, B2B

Type of settlement system

RTGS

URL

https://www.ecb.europa.eu

Last Updated

01/10/24

Active real-time payment system present

YES

Cross-border payments

YES

QR code transactions

NA

Bank participation

YES

Non-bank participation

YES

Interoperability policy

YES

Participation conditions and rules

YES

Data-handing rules for payment system

YES

Reporting forum

NA

AML Law

YES

Base technical architecture

X-Road

Status of implementation

Active

Governing Entity

Digital and Population Information Agency

Coordination unit

Digital and Population Information Agency

National / Regional

National

Sector-specific / Cross-sectoral

Cross-sectoral

Permitted participants

Public, Private

Ownership

Public

URL

https://palveluhallinta.suomi.fi

Last Updated

01/10/24

Semantic interoperability

YES

Real-time sharing

YES

Scalable architecture

YES

Audit mechanism

YES

Procedural rules for data mgmt.

YES

Enrolment and participation information

YES

Used by more than one public entity

YES

Impact metrics

YES