Author: Sabine Schiefl

Accurate and efficient payee verification: How the LEI number is changing global payments

10 February 2025

In times of increasing financial fraud and stricter regulatory requirements, businesses and financial institutions seek reliable methods to verify payment recipients. The Legal Entity Identifier (LEI) number is establishing itself as a powerful tool to improve the accuracy and security of payment transactions. The challenge of payee verification Financial institutions and businesses face significant challenges […]

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DORA: What It Means and Why It’s Important

7 February 2025

The Digital Operational Resilience Act, or DORA, is a new regulation in the European Union that began on January 16, 2023, and will be implemented on January 17, 2025. DORA seeks to enhance the technology security of financial institutions such as banks and insurance companies. As these organisations depend increasingly on technology, they face greater […]

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GLEIF and Companies House simplify global corporate identification with the Legal Entity Identifier (LEI)

4 February 2025

New LEI feature improves transparency and facilitates international business relationships The Global Legal Entity Identifier Foundation (GLEIF) and the UK Companies Register Companies House have launched a new initiative to improve UK companies’ global identifiability and traceability. By linking Legal Entity Identifier (LEI) numbers directly to the official Companies House registration data, company identification will […]

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2024 under the sign of the LEI: Record growth and new markets for Legal Entity Identifiers

31 January 2025

A decade of growth for the Global LEI System Since introducing the Legal Entity Identifier (LEI) system ten years ago, the way legal entities are identified worldwide has changed significantly. In 2024, the system has seen significant growth as companies increasingly rely on a verifiable LEI number to promote transparency and trust in business relationships. […]

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Trust and innovation: How Alexandre Kech is shaping the future of the Legal Entity Identifier (LEI)

29 January 2025

The importance of the Legal Entity Identifier (LEI) in the digital world In an increasingly digitalised economy, the Legal Entity Identifier (LEI) is becoming increasingly important. Companies worldwide need a reliable, standardised method of identification to meet regulatory requirements and increase trust in global financial transactions. Alexandre Kech, CEO of the Global Legal Entity Identifier […]

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LEI: The revolution of digital identification in international business

20 January 2025

The world of international trade and financial markets is on the brink of a new era, fuelled by the Legal Entity Identifier (LEI). Initially developed for reporting OTC derivatives transactions, the LEI has evolved into a versatile tool that promotes transparency and efficiency across numerous industries. According to Alexandre Kech, CEO of GLEIF, the next […]

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The EU’s new AML framework: stricter rules for crypto-asset companies from 2025

15 January 2025

The European Union (EU) has reached a new milestone in the fight against money laundering and terrorist financing. From 2025, a comprehensive AML (Anti-Money Laundering) framework will come into force, significantly tightening the regulations for crypto-asset companies and other financial service providers. These new regulations are intended to substantially improve security and transparency in the […]

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The rise of the Legal Entity Identifier (LEI): security and trust for digital assets

7 January 2025

Digital transformation in the financial sector The financial sector is at a turning point: digital assets, once niche products, have become an indispensable pillar of the global economic system. Financial market infrastructures (FMIs) and banks are using this innovation to optimise internal processes and improve global services. The key to this revolution? Standardised digital corporate […]

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Strengthening cyber security: Why the Legal Entity Identifier (LEI) is becoming indispensable

30 December 2024

Digital transformation is rapidly changing the global economy, but it also brings with it growing risks. Cyberattacks are becoming more frequent and sophisticated and pose a serious threat to companies that rely on complex supply chains and digital networks. In this context, the Legal Entity Identifier (LEI) is coming into the spotlight as a crucial […]

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Fraud prevention made easy: The LEI and its role in payee verification

27 December 2024

With the growing use of real-time payments and other payment methods worldwide, financial institutions face the challenge of optimising their fraud detection and identity verification strategies. The Legal Entity Identifier (LEI) offers an innovative solution to accurately and efficiently identify payees across borders. But why is the LEI an indispensable tool for payee verification? The […]

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