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Fintech Market Overview

This article does not constitute legal advice.

Client identification in Austria

Fintech Software

In Austria, the 'citizen card' and a mobile phone signature allow for a secure and authentic electronic signature. A person may officially sign documents via authentication by smartphone app or via a dedicated website. By law, this qualified electronic signature has the same effect as a handwritten signature.1

The electronic citizen card and the mobile phone signature is also available to non-Austrian citizens, although the person must be a permanent resident of Austria. The citizen card can be obtained and the mobile phone signature can be activated in various ways; for example, via the online tool of the Austrian tax authorities or in certain Austrian banks or authorities acting as registrars.1

In addition, under the 'ID Austria' brand, the functionality of the citizen card has been extended. At least within Austria, ID Austria also serves as a limited digital ID card for its holders.1

Digital onboarding in Austria

Fintech in Austria

Fintech in other countries

Let's introduce you

Austrian Fintech Lawyers

Denis Polyakov

Denis Polyakov

Comprehensive legal services for businesses on corporate, tax law, cryptocurrency legislation, investment activities

Kristina Berkes

Kristina Berkes

Participation as a lawyer at investment venture funds, leading venture M&A deals in IT, supporting iGaming and business assets

Viacheslav Losev

Viacheslav Losev

Legal support for FinTech and Blockchain projects

Notes
  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/austria
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