News

FIWARE Foundation and GLEIF: A milestone for global data interoperability

10 December 2024

The FIWARE Foundation has partnered with the Global Legal Entity Identifier Foundation (GLEIF) to promote data interoperability worldwide. This collaboration marks a significant step towards a universal, data-interoperable framework that facilitates the identification of organisations across industries. Legal Entity Identifier (LEI) is the key to global connectivity The Legal Entity Identifier (LEI), a 20-digit code, […]

Regulatory support promotes the spread of the Legal Entity Identifier (LEI)

6 December 2024

The increasing importance of the Legal Entity Identifier (LEI) is reflected in its expanded use in global payment transactions and supply chains. Initially designed for the capital market, the LEI has now established itself as an indispensable instrument for the transparency and efficiency of financial transactions. The role of the LEI in the global financial […]

Why your company should use the Legal Entity Identifier now

2 December 2024

In today’s globalised financial world, transparency and efficiency are at the heart of cross-border payments. The Legal Entity Identifier (LEI), also known as the LEI number, has established itself as an indispensable tool to improve the security and traceability of international financial transactions. But how exactly does the LEI optimise these processes, and why should […]

From scepticism to stability: How LEIs can strengthen the UK financial system

26 November 2024

The UK financial market faces a crucial question: How can it reap the benefits of the Legal Entity Identifier (LEI) without reverting to old prejudices against centralised identification systems? While resistance to national ID cards is deeply rooted, the LEI offers new opportunities to revolutionise transparency, efficiency, and security in the financial sector. Historical context: […]

The future of the LEI: transparency and trust in the global economy

20 November 2024

Towards a more secure and transparent global digital economy Digital transformation is revolutionising companies, industries, and markets worldwide. At the same time, the need for trust and transparency is becoming ever clearer—especially in an increasingly globalised economy. In this context, the Legal Entity Identifier (LEI) plays a crucial role: it creates a standardised, reliable basis […]

The rise of the LEI: Why the Legal Entity Identifier is becoming increasingly important for companies

13 November 2024

What is the Legal Entity Identifier (LEI)? The Legal Entity Identifier (LEI) is a 20-digit alphanumeric code based on the ISO 17442 standard developed by the International Organisation for Standardisation (ISO). This code is permanently linked to important reference information that enables the unique identification of legal entities involved in official transactions. Each LEI contains […]

From India to Australia: Why the Legal Entity Identifier is gaining in importance

5 November 2024

The demand for the Legal Entity Identifier (LEI) is growing worldwide, especially in Asia. The driving force behind this growth is regulatory requirements, which increasingly encourage the introduction and use of the LEI. LEI: A global standard on the rise According to the latest report by the Global LEI Foundation (GLEIF), around 67,000 new LEIs […]

Transparency as a strategy: How the LEI supports companies in the fight against fraud

22 October 2024

Corporate fraud is a constant threat in an increasingly globalised world economy. The growing complexity and sophistication of these forms of fraud are challenging organisations of all sizes to make transparency and trustworthiness part of their strategic priorities. The Legal Entity Identifier (LEI) offers an effective solution to promote transparency in the global marketplace and […]

The crucial role of the compliance officer: How the Legal Entity Identifier (LEI) strengthens trust and transparency in companies

10 October 2024

Today, we celebrate the essential work of compliance officers whose dedication forms the backbone of trust and transparency in global business operations. Compliance officers face the challenging task of fulfilling regulatory requirements, maintaining international standards, and strengthening stakeholder trust. Tools such as the Legal Entity Identifier (LEI) and the verifiable LEI (vLEI) are becoming increasingly […]

International Identity Day: The importance of the Legal Entity Identifier (LEI) in the context of digital identities

30 September 2024

On International Identity Day on 16 September, we remember how important it is for every person and every company to have a secure and verifiable identity. This day has been celebrated since 2018 to emphasise the importance of identity as a fundamental human right. The choice of date (16.9) symbolically refers to the UN Sustainable […]

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