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Verifiable Contracting

A Use Case for Onboarding and Contract Offering in Financial Services with eIDAS and Verifiable Credentials
Authors: Sérgio Manuel Nóbrega Gonçalves; Alessandro Tomasi 0001; Andrea Bisegna; Giulio Pellizzari; Silvio Ranise;

Verifiable Contracting

Abstract

This work explores the combined use of eIDAS-compliant electronic identification (eID) and W3C Verifiable Credentials to strengthen remote digital onboarding and electronic contracting processes in financial services. We present a proof-of-concept implementation based on SAML 2.0 authentication and federated identity mechanisms, showing how high-assurance identity verification can be achieved during the contract offering phase. The proposed architecture increases trust for the Contracting Service Provider by ensuring stronger identity guarantees, improved credential validation, and enhanced security in cross-border onboarding scenarios. Our results highlight how eIDAS identities and Verifiable Credentials can be integrated to support secure, interoperable, and regulation-aligned digital onboarding workflows.

Keywords

Identity Management, SAML 2.0, SSO, Electronic Contracting, Financial Services, High Assurance Identity, Verifiable Credentials, Federated Identity, W3C VC, eIDAS, Identity Verification, Remote Onboarding, Digital Onboarding, Trust Frameworks

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    2
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
Average
Green