News

Digital transformation in finance: Why Indian businesses should embrace the LEI and vLEI now

13 toukokuun 2025

In an increasingly digital and globalised world, trust in business partners, data and identities is a critical success factor. In recent years, the Legal Entity Identifier (LEI) has established itself as an international standard for the unique identification of companies – especially in the financial sector. The next level is now ready with the verified […]

PAN 2.0: India introduces standardised tax identification number

12 toukokuun 2025

Digital transformation: PAN replaces TAN, TIN and other tax identification numbers New Delhi, May 2025 – India is taking another step towards digital administration and tax transparency: with the PAN 2.0 project, the government under Prime Minister Narendra Modi wants to standardise the identification system for companies and taxpayers fundamentally. In future, the Permanent Account […]

Strengthening digital trust in the age of artificial intelligence (AI) with the Legal Entity Identifier (LEI)

7 toukokuun 2025

In today’s increasingly digitalised business world, digital identity is becoming increasingly important. Companies operating in a globally networked market must be able to rely on trustworthy and reliable systems to verify their identity uniquely. The Legal Entity Identifier (LEI) plays a key role in this. The latest episode of the GLEIF podcast series ’Trust Talks’ […]

LEI mapping with GLEIF: Digital entity identification becomes more transparent and efficient worldwide

6 toukokuun 2025

The Global Legal Entity Identifier Foundation (GLEIF) is setting a new milestone in digital entity identification. In its latest video, ’LEI Mapping Explained: Accurate, Open, and Trusted Entity Identification with GLEIF,’ the foundation explains how organisations can link their existing identifiers with the globally established Legal Entity Identifier (LEI). This process—known as LEI mapping—is a […]

Legal Entity Identifier (LEI): How the ’Transparency Fabric’ fights financial crime more effectively

5 toukokuun 2025

The Legal Entity Identifier (LEI) is increasingly becoming focused on transparency and security in global finance. A pioneering initiative called ’Transparency Fabric’, supported by the Global Legal Entity Identifier Foundation (GLEIF), Open Ownership and OpenSanctions, impressively demonstrates how the linking of LEI data with other sources of information is revolutionising the fight against financial crime. […]

Growing importance of the LEI: Why now is the right time for LEI registration

29 huhtikuun 2025

Demand for the Legal Entity Identifier (LEI) will reach a new record level in 2025. In the first quarter of this year alone, over 92,000 new LEI numbers were issued worldwide – a clear signal of the growing trust in this global identification system. In total, there are now over 2.71 million active LEIs in […]

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 […]

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