How vLEIs are revolutionising security in the telecommunications sector

11 mars 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, particularly in SMS communication.

Why an LEI code is essential for companies

The Legal Entity Identifier (LEI) is a global standard uniquely identifying organisations worldwide. It is already used in many financial and regulatory areas. However, introducing the verifiable LEI (vLEI) will make it even more powerful: companies can authenticate themselves digitally and prove their identity in real time.

An LEI code is relevant not only for financial institutions but is increasingly becoming mandatory for companies in various industries. Anyone who does not yet wish to apply for an LEI should do so in good time to fulfil the digital requirements.

vLEI: A game changer for SMS authentication

Millions of SMS messages are sent every day. But how can you be sure that a message comes from a legitimate company? vLEIs offer the solution here:

– Companies using SMS services can verify themselves with their LEI code.

– Customers know immediately that they are replying to a trustworthy source.

– The risk of phishing, spoofing and fraud is minimised.

SMS security is a hot topic, especially in the USA and the UK. Consumers expect greater transparency and protective measures against fraudulent messages.

How companies apply for an LEI number

Companies that do not yet have an LEI code should act quickly. Applying for an LEI number is straightforward:

1. Apply:

Companies can apply for their LEI number or carry out a renewal.

2. verification:

the company’s identity is verified and checked against global registers

3. allocation of the LEI code:

After successful verification, the LEI code is assigned, which can be used for digital authentications.

Outlook for the future: Why organisations should prepare for vLEIs now

With the increasing need for secure digital identities, vLEIs will play a key role in the future. Companies that apply for their LEI now are in the best position to prepare for future developments.

The use of vLEIs, especially in telecommunications, could drastically reduce fraud and increase customer trust. Companies in the US and UK should, therefore, consider applying for an LEI number at an early stage and using their LEI code for digital authentication processes.

Conclusion

Digitalisation requires new standards in corporate authentication. With the introduction of verifiable LEIs (vLEIs), the LEI code will become even more valuable. Companies that prepare in good time and apply for an LEI number will benefit from greater security and trust in digital communication.

Apply for an LEI now and secure it for the future!