Search Results: vLEI
GLEIF Opens vLEI Issuer Qualification Programme
The Global Legal Entity Identifier Foundation (GLEIF) has underpinned the verifiable LEI (vLEI) with an issuer qualification programme that once completed with allow businesses to obtain vLEI digital identify credentials from the issuer for use in digital organisational identity. The GLEIF expects the vLEI issuer qualification process to take about 90 days. A qualified vLEI…
GLEIF Releases ebook The vLEI: Introducing Digital I.D. for Legal Entities Everywhere
The Global Legal Entity Identifier Foundation (GLEIF) has released an ebook, The vLEI: Introducing Digital I.D. for Legal Entities Everywhere. The ebook promotes use of the verifiable LEI (vLEI), which supports digitised organisational identity to meet global interest in automated authentication and verification of legal entities across industries including financial services. The ebook presents an…
GLEIF Publishes vLEI Governance Framework to Support Digital Identities for All Legal Entities
The Global Legal Entity Identifier Foundation (GLEIF) has published its planned verifiable LEI (vLEI) Ecosystem Governance Framework and is working with capital markets regulators on how the vLEI could be a means of securing filings and reports. It has also presented the framework for review by the Regulatory Oversight Committee (ROC) of the LEI, which…
GLEIF Notes Growth in LEI Numbers, Identifies New Use Cases Including Payments
The Legal Entity Identifier (LEI) is alive and well, with numbers of active LEIs growing through 2022 despite no additional regulatory mandates, and new use cases of the identifier including cross-border payments expected to further expand not only numbers, but also acceptance and adoption of the standard. Data Management Insight recently talked to Stephan Wolf,…
GLEIF Initiates Use of Verifiable LEI with Signing of 2021 Annual Report
The Global Legal Entity Identifier Foundation (GLEIF) has achieved a milestone in the realisation of a global ecosystem for digital business identity with the first use of a verifiable Legal Entity Identifier (vLEI) to sign its 2021 annual report. The vLEI, a digitally trusted version of the LEI, has the potential to meet the need…
New ISO Standard Extends Use of LEI-Based Digital Identity Tools
A recently published ISO standard, ISO 5009, has the potential to extend the utility and value of Legal Entity Identifier (LEI) based digital identity tools by facilitating the inclusion of ‘official organisational role’ detail within them in a consistent manner. ISO 5009 paves the way for these tools – such as verifiable LEI (vLEI) credentials…
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…
