News

Making cross-border payments more efficient: The value of the LEI for KYC and onboarding

31 Ekim 2023

In today’s global economy, the smooth processing of cross-border payments is crucial. LEI numbers are increasingly important, especially in improving KYC (Know Your Customer) and corporate onboarding processes. Challenges with KYC and due diligence in the payments industry Companies carrying out due diligence checks on customers or suppliers face the challenge of accessing the required […]

Cross-border payments: The value of the LEI for Indian businesses

24 Ağustos 2023

In today’s globalised economy, harmonisation of cross-border trust services is critical as the volume of trade across digital platforms continues to increase. For the Indian market, in particular, the Legal Entity Identifier (LEI) offers an essential solution to improve the efficiency and security of international transactions. In this article, we look at the role of […]

EU MiCA Regulation strengthens the use of the LEI to ensure trust and transparency in the crypto market

17 Temmuz 2023

The European Union took a significant step towards regulating cryptoassets by adopting the Markets in Crypto-Assets (MiCA) Regulation in May 2023. This regulation, which puts the market for crypto-assets on a uniform legal footing throughout the EU, mainly emphasizes the central role of the Legal Entity Identifier (LEI). The LEI, a globally recognized identifier for […]

The rise of the LEI: Why the Legal Entity Identifier is becoming increasingly important

8 Haziran 2023

The Legal Entity Identifier (LEI) plays a central role in identifying legal entities in the global financial world. This unique 20-digit alphanumeric code facilitates the tracking and management of basic information about companies, investment funds, government agencies, and other organisations. The assignment of this unique code improves transparency and consistency in the capital markets. The […]

LEI number: A crucial tool for the regulation of crypto assets

18 Mayıs 2023

Amidst the turmoil caused by the collapse of cryptocurrency exchange FTX, Stephan Wolf, CEO of GLEIF, highlights the crucial role of the Legal Entity Identifier (LEI) in regulating crypto assets. The discussion about the need for a more robust regulatory framework for digital asset trading is strongly reminiscent of the calls for more transparency made […]

India’s economy on the rise: The role of the LEI in modernising trade infrastructure

6 Nisan 2023

The rapid growth of identity and digital trust technologies is transforming global commerce. According to a recent study by IDC, 79% of digitally mature organisations worldwide will prioritise trust programmes in 2023 to close security gaps and strengthen data protection. This change is crucial not only in Western countries but also in emerging markets such […]

Indian SMEs on the path to global recognition through LEI registration

30 Mart 2023

In March 2022, a significant step towards promoting financial inclusion of small and medium-sized enterprises (SMEs) in India was taken when the first Indian company took the role of Validation Agent in the Global LEI System. A year later, we see how this new role enables greater financial inclusion for SMEs across India. Background to […]

Data quality management and its importance for the Indian market

27 Şubat 2023

Trust in business partners is essential in a globalised economy where the number of legal entities conducting transactions is constantly increasing. The availability of accurate and transparent corporate data is crucial, especially in India, an emerging market with a rapidly growing economy. LEI (Legal Entity Identifier) plays a central role in this. This article highlights […]

2022: A year of growth and innovation for the Global LEI System

26 Ocak 2023

2022 marked another significant step in the global adoption of the Legal Entity Identifier (LEI). With an annual growth rate of 12.9% and the issuance of over 252,000 new LEIs worldwide, the Global LEI System has proven to grow strongly in maturity and reach. The Global LEI Foundation (GLEIF) supports this development through comprehensive transparency […]

The LEI: A cornerstone for a transparent and efficient global trade ecosystem

18 Ekim 2022

In an increasingly globalised world, creating an inclusive and efficient trading ecosystem is of central importance. A critical factor in achieving this goal is the introduction of universal identifiers such as the Legal Entity Identifier (LEI). Enno-Burghard Weitzel, Senior Vice President for Strategy, Digitalisation, and Business Development at Surecomp, explains how the LEI improves operational […]

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