News

LEI: The revolution of digital identification in international business

20 januari 2025

The world of international trade and financial markets is on the brink of a new era, fuelled by the Legal Entity Identifier (LEI). Initially developed for reporting OTC derivatives transactions, the LEI has evolved into a versatile tool that promotes transparency and efficiency across numerous industries. According to Alexandre Kech, CEO of GLEIF, the next […]

The EU’s new AML framework: stricter rules for crypto-asset companies from 2025

15 januari 2025

The European Union (EU) has reached a new milestone in the fight against money laundering and terrorist financing. From 2025, a comprehensive AML (Anti-Money Laundering) framework will come into force, significantly tightening the regulations for crypto-asset companies and other financial service providers. These new regulations are intended to substantially improve security and transparency in the […]

The rise of the Legal Entity Identifier (LEI): security and trust for digital assets

7 januari 2025

Digital transformation in the financial sector The financial sector is at a turning point: digital assets, once niche products, have become an indispensable pillar of the global economic system. Financial market infrastructures (FMIs) and banks are using this innovation to optimise internal processes and improve global services. The key to this revolution? Standardised digital corporate […]

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

30 december 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 december 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 december 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 december 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 december 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 december 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 […]

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: […]

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