Digital wallets should speed up compliance, but companies must focus on trust and security
By 
Ruth Prickett2025-09-04T18:49:00
The EU has one, the U.K. is getting one, many U.S. states are working with Google and Apple to provide one, and now industry sectors are developing their own. Digital identity and compliance wallets are becoming a must-have accessory for citizens and businesses.
Many people already use digital wallets to hold their credit and bank card information. Now they are starting to add their personal compliance documents – from drivers’ licenses to academic qualifications, right-to-work certificates, anti-money-laundering (AML) checks, and other regulatory and legal certificates.
Digital compliance wallets should speed up regulatory checks such as visa status, “know your customer” (KYC) processes, and employment rights checks, experts say. They may also cut costs for businesses that repeatedly request information from multiple official databases.
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