Search Results: vLEI
GLEIF CEO Stephan Wolf Discusses Progress of the LEI and Plans to Increase its Growth
The Legal Entity Identifier (LEI) crossed the 2 million mark of identifiers issued, experienced organic growth of 15% despite no major regulatory implementations, and held a steady 65% renewal rate through 2021. Moving into 2022, projects set up by the Global LEI Foundation (GLEIF) to expand LEI issuance are expected to take off, and the…
Contour extends use of LEI to inclusion in trade finance network
Contour, a digital trade finance network, has partnered the Global Legal Entity Identifier Foundation (GLEIF) to enable the use of Legal Entity Identifiers (LEIs) within its network and to financially support its members in obtaining their own LEI. By adopting the entity identifier, Contour’s members will benefit from increased confidence among their trading counterparties, lower…
GLEIF Adds Two Validation Agents in Drive to Increase Global LEI Adoption
The Global LEI Foundation (GLEIF) has added two validation agents to its LEI issuance scheme in recent weeks, easing adoption of the identifier and extending its reach in Africa. The foundation has also published its 2020 annual report, noting a rise in LEI numbers and a 2021 focus on the validation agent role introduced in…
GLEIF Details Technologies Underlying Digital Version of LEI, the Verifiable LEI
The Global Legal Entity Identifier Foundation (GLEIF) has published issuance and technical infrastructure models for the verifiable LEI (vLEI) system it introduced back in December 2020. The vLEI is a secure digital attestation of a conventional LEI and is designed to extend the use of the identifier and, ultimately, enable instant and automated identity verification…
GLEIF CEO Stephan Wolf Outlines LEI Strategy Based on Hindsight and Innovation
The Global LEI Foundation (GLEIF) has set strategy that will make the Legal Entity Identifier not only essential to smooth running of capital markets, but also the wider digital economy. Achieving these goals is a matter of hindsight and innovation based on the GLEIF’s decision to drive extended use of the LEI in the private…
GLEIF Calls Global Industries to Join Development of Cryptographically Verifiable LEI
The Global Legal Entity Identifier Foundation (GLEIF) has set out grand plans to create a digitised LEI service based on a digitally verifiable credential containing the LEI – the vLEI – and able to provide automated identity verification between counterparties. The ambition is for all industry sectors globally, including financial services, to embed new and…
