LSEG Risk Intelligence has launched Identity Gateway, an API layer that allows financial institutions to connect to multiple government-backed and private digital identity schemes across Europe through a single integration.

Unveiled at Money 20/20 Europe, the platform aims to address the fragmentation of identity verification across borders.

It is currently available in 10 European markets, including Italy, the Netherlands, Denmark, and Spain, with plans to add more countries in the future.

Instead of negotiating separate contracts and building direct technical integrations for each market, companies can use the platform to route verification requests centrally.

LSEG Risk Intelligence stated that this approach can reduce time to market for cross-border expansion by 80 to 90%.

“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,”

said Daniel Flowe, Head of Digital Identity at LSEG Risk Intelligence.

The launch comes as the European Union prepares to roll out its Digital Identity (EUDI) Wallet framework.

Under the initiative, all 27 member states will introduce their own digital identity implementations.

Identity Gateway standardises the data returned by these schemes. Businesses can then integrate the results directly into their existing risk management and customer onboarding workflows.

Microsoft Azure powers the platform.

LSEG Risk Intelligence offers Identity Gateway as part of its broader identity verification suite, which also includes data- and document-based checks.

The system allows companies to adjust their identity verification friction based on the transaction risk level and local regulatory requirements.

Featured image credit: Edited by Fintech News Switzerland, based on image by user8647581 via Magnific