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Fintech Market Overview

This article does not constitute legal advice.

Client identification in Austria

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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. This qualified electronic signature has the same effect as a handwritten signature by law.1

Even non-Austrian citizens can benefit from the electronic citizen card and mobile phone signature, if they are Austrian citizens. The citizen card can be obtained and the mobile phone signature can be activated in a number of ways; for example, through the Austrian tax authorities' online tool or through certain Austrian banks or authorities acting as registrars.1

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

Digital onboarding in Austria

Fintech in Austria

Fintech in other countries

Let's introduce you

Austrian Fintech Lawyers

Viacheslav Losev

Viacheslav Losev

Legal support for FinTech and Blockchain projects

Kristina Berkes

Kristina Berkes

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

Denis Polyakov

Denis Polyakov

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

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