More trust, less effort: How GLEIF is revolutionising the quality of LEI data with Bulk Challenges

22 May 2025

In an increasingly digitalised and networked financial world, reliable company data is crucial. The Global Legal Entity Identifier Foundation (GLEIF) is leading by example here and has reached an important milestone with the new ‘Bulk Challenge’ function in the Global LEI System.

Why LEIs are becoming increasingly important for companies

The Legal Entity Identifier (LEI) is a company-recognised identification code. It improves transparency in the financial sector, minimises risks, and is required by increasingly more supervisory authorities worldwide. Those who can rely on correct and up-to-date LEI data make better decisions and strengthen the confidence of investors, partners, and officers.

Bulk challenges – a new level of data quality

With the introduction of the Bulk Challenge function, GLEIF enables organisations to check and correct multiple LEI records simultaneously. This saves time and resources and improves data quality, efficiency and transparency across the entire ecosystem.

The advantages at a glance:

– Scalable efficiency:

Submit multiple LEI checks at once

– Centralised management:

Simple tracking via one interface

– API connection:

Fully automated submission possible

– Standardised documentation:

Uniform titles and descriptions for checks

– Optimised user experience:

Intuitive handling even with large amounts of data

Practical example: More than 51,000 verifications in 16 months

Since January 2024, GLEIF has triggered over 51,000 LEI verifications using automated data feeds, of which over 62% resulted in actual updates. These figures show: The system works – quickly, accurately and reliably. For companies, this means less risk and more security.

Targeted actions for maximum data integrity

GLEIF also uses targeted mass checks to identify specific data problems by comparing LEI data with official commercial registers. The success rate? An impressive 93% of enquiries led to actual data corrections.

Why companies should act now

Companies that process large amounts of data or manage multiple legal entities will particularly benefit from the new bulk challenge function. It offers efficient corrections and a competitive advantage through higher data quality and regulatory security.

Interested?

Find out more about the LEI and the Bulk Challenge function. Now is the right time to optimise your LEI data – for more trust, efficiency and success in the digital age.

Contact GLEIF to request access to the Bulk Challenge feature: www.gleif.org