News

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

30 detsember 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 […]

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

27 detsember 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 […]

The Legal Entity Identifier (LEI): trust and transparency in a digitalised economy

18 detsember 2024

With the global economy’s increasing digitalisation, security in business relationships is becoming increasingly important. The Legal Entity Identifier (LEI), a globally standardised identifier for companies, plays a key role in creating trust and transparency in international trade. But why is the LEI so important, and how can it help companies protect themselves in an increasingly […]

FIWARE Foundation and GLEIF: A milestone for global data interoperability

10 detsember 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 detsember 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 detsember 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 […]

Legal Entity Identifier (LEI): The key to trust and security in global supply chains

29 november 2024

Imagine this: You are a manufacturing company sourcing critical components from an international supplier. All the paperwork seems correct, and business is running smoothly – until suddenly, a fraud scandal comes to light, and your supplier disappears. The consequences? Massive losses that could have been avoided. This scenario may seem drastic, but it is true […]

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 […]

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