Finextra’s latest piece on EBWs, EUDIWs and wallet-carrying AI agents captures a shift that wealth management can no longer ignore.
The issue the author points to is structural. Wealth is still fragmented, often self reported, and managed through static documents and periodic reviews. Even within a single bank, clients rarely have a complete and up-to-date view of their assets, liabilities and rights.
Digital wallets change this at the foundation level. When ownership, authority and mandates are issued as verifiable credentials, wealth management moves from documents to continuously verifiable data. Asset views can be aggregated with consent, updates flow automatically, and assessments stop being frozen in time.
AI agents only become useful in this context. Without identity and authority they add risk. With wallets and clearly scoped mandates, they can act within defined boundaries, with every action traceable and reversible.
This is where cheqd fits. We build the infrastructure to issue, verify and govern verifiable credentials for identity, ownership and authority, with payment rails built in. As EBWs and EUDIWs roll out, this trust layer becomes essential for wealth management systems that want to scale without losing control.
The article is well worth reading, and so is reflecting on how much of today’s wealth stack is still held together by PDFs.
https://lnkd.in/gi_sWjGY