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The Benefits of Having an LEI Number

23 huhtikuun 2025

Think of every business as a distinct book, each with its own special code. This code is known as the Legal Entity Identifier, or LEI. It assists in identifying firms during financial transactions, ensuring clarity and organization. Established following the 2008 financial crisis, the LEI has expanded to encompass over 2 million businesses globally. This […]

Data quality as a competitive advantage: How to solve LEI challenges quickly – and why it matters

14 huhtikuun 2025

High-quality LEI data: A strategic necessity In a globally connected economy, reliable data is not a luxury but the foundation for informed decision-making, innovation and regulatory certainty. Companies that rely on accurate information act faster, more securely, and build trust. In the financial sector, in particular, up-to-date master data – such as Legal Entity Identifiers […]

A simpler future: How the LEI number is driving Europe’s digital economy

9 huhtikuun 2025

Europe is moving into a new digital age – and the Legal Entity Identifier (LEI) is a key component of this transformation. Supported by the European Commission’s initiative to simplify regulation and administration, particularly as part of the so-called Omnibus Simplification Packages, the LEI and its digital counterpart, the verifiable LEI (vLEI), are becoming increasingly […]

The Future of LEI Numbers: What Lies Ahead?

7 huhtikuun 2025

The Legal Entity Identifier (LEI) consists of a 20-character code designed to identify businesses engaged in financial transactions uniquely. This distinctive code provides significant details about ownership, facilitating a clearer understanding of connections between entities. As the adoption of LEIs increases, we anticipate advancements that will enhance transparency, build trust, and adjust to upcoming challenges […]

LEI Number Compliance: Are You Following the Rules?

2 huhtikuun 2025

An LEI number, or Legal Entity Identifier, is a unique code that helps identify companies and organizations involved in financial activities. It serves a significant purpose in ensuring compliance with regulations and facilitating safe and transparent transactions. This article will provide an overview of LEI numbers, the reasons for their necessity, and guidance on maintaining […]

What You Need to Know About LEI Numbers for Your Business

1 huhtikuun 2025

If you operate a finance-related business, it’s essential to understand the Legal Entity Identifier (LEI). This 20-character code identifies companies globally, facilitating their engagement in financial transactions. Knowing an LEI and how to obtain one can enhance your business’s transparency and foster trust within the global market. Let’s examine the details about LEIs and their […]

Development of LEI in the UK

24 maaliskuun 2025

The Legal Entity Identifier (LEI) is a significant financial tool in the UK. It acts as a unique code that identifies companies engaged in financial transactions. This article discusses the growth of the LEI in the UK, including its management by the Bundesanzeiger Verlag GmbH and its impact on transparency and compliance within the financial […]

Advantages of an LEI Number for Your Business

17 maaliskuun 2025

If you’re running a business, grasping the significance of a Legal Entity Identifier (LEI) can significantly impact your operations. This distinctive 20-character code identifies your business in financial transactions, akin to a bar code. It enhances transparency and simplifies intricate reporting and compliance processes. Adopting an LEI allows your business to streamline operations, lower costs, […]

How vLEIs are revolutionising security in the telecommunications sector

11 maaliskuun 2025

Secure communication channels are essential in an increasingly digital world. The telecoms sector, in particular, faces major challenges when it comes to authenticating companies and their messages. This is where verifiable Legal Entity Identifiers (vLEIs) come into play. This further development of the LEI code offers secure digital identity verification and could significantly reduce fraud, […]

Digitalisation of trade: How the LEI code is revolutionising global trade

5 maaliskuun 2025

Simple, efficient and secure – the future of cross-border trade The globalisation of trade is progressing, but companies continue to struggle with bureaucratic hurdles, inefficient verification processes and high costs in cross-border transactions. A key solution could lie in a Legal Entity Identifier (LEI) – a unique 20-digit identification number that makes companies identifiable worldwide. […]

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