LSEG Risk Intelligence launched Identity Gateway at Money 20/20 Europe, a Microsoft Azure-built infrastructure layer that provides firms one API and one commercial framework to access trusted digital identity schemes across multiple markets. The product addresses the fragmentation in Europe's digital identity market, where national and private schemes remain inconsistent despite rising regulatory pressure. The launch comes as the European Union prepares to require each member state to make at least one EU Digital Identity Wallet available to citizens, residents, and businesses by the end of 2026, according to the European Commission.
LSEG Identity Gateway Covers 10 European Markets Initially
Identity Gateway connects organizations to government-backed and regulated private digital identity schemes without requiring separate integrations and contracts market by market. The platform initially provides access to digital identity schemes across 10 European markets, including Italy, the Netherlands, Denmark, and Spain. LSEG stated that the product reduces time to market by up to 80 percent to 90 percent compared with independent integration, according to the company announcement. Direct integrations with individual schemes can take several months per market, LSEG said.
The platform routes verification requests across national and private schemes, then returns standardized identity data that firms can integrate into onboarding and risk workflows. Daniel Flowe, Head of Digital Identity at LSEG Risk Intelligence, said, "Digital identity is reaching an inflection point. As trusted national and private schemes continue to emerge, organisations need a simpler way to access them without rebuilding their identity processes market by market. Identity Gateway helps solve that challenge by creating a standardised access layer that supports scale, reduces complexity and enables more trusted, higher-assurance digital experiences across borders."
EU Member States Face End of 2026 Digital Identity Wallet Deadline
The European Commission stated that each EU member state will make at least one EU Digital Identity Wallet available to citizens, residents, and businesses by the end of 2026, according to the Commission's digital identity page. The wallet framework will allow users to prove identity, access public and private services, store and share digital documents, and create binding signatures. The Commission also stated that the wallet should reduce administration and lower the cost of customer authentication for businesses.
Reuters reported in April that the European Commission urged member states to adopt a new age verification app before the end of 2026, with the tool able to operate on its own or integrate into national digital identity wallets, according to Reuters.
Europe's Identity Verification Market Projected at $15.33 Billion by 2034
Market Data Forecast estimated Europe's identity verification market at $4.19 billion in 2025 and projected it to rise from $4.84 billion in 2026 to $15.33 billion by 2034, at a compound annual growth rate of 15.5 percent, according to its market report. Regulatory pressure is expanding beyond bank onboarding into age verification, fraud prevention, and cross-border market entry.
Financial Firms Navigate Cross-Border Identity Integration Challenges
LSEG's product page stated that regulatory pressure around AML, fraud prevention, privacy, and digital identity trust frameworks is rising, while national and private identity schemes remain inconsistent and fragmented. The company stated that Identity Gateway provides firms one standardized API, one commercial agreement, built-in orchestration, and standardized outputs across schemes, according to LSEG's Identity Gateway page.
For financial firms, identity verification has expanded beyond a compliance checkpoint at account opening. Banks, brokers, payment companies, crypto firms, lenders, marketplaces, and fintechs require identity infrastructure across onboarding, account changes, payments, fraud controls, high-risk transactions, and cross-border market entry. A broker or fintech expanding from one European country into five markets would otherwise need to evaluate local identity schemes, sign separate contracts, build separate integrations, manage local updates, and maintain different customer journeys.
FAQ
What did LSEG Risk Intelligence launch at Money 20/20 Europe?
LSEG Risk Intelligence launched Identity Gateway, a Microsoft Azure-built infrastructure layer that provides firms one API and one commercial framework to access trusted digital identity schemes across multiple markets. The platform initially covers 10 European markets including Italy, the Netherlands, Denmark, and Spain.
When must EU member states make digital identity wallets available?
The European Commission stated that each EU member state will make at least one EU Digital Identity Wallet available to citizens, residents, and businesses by the end of 2026, according to the Commission's digital identity page.
How large is Europe's identity verification market?
Market Data Forecast estimated Europe's identity verification market at $4.19 billion in 2025 and projected it to reach $15.33 billion by 2034, at a compound annual growth rate of 15.5 percent, according to its market report.
