About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

GLEIF Creates vLEI Advisory Board to Support Digital Verification Technology Use

Subscribe to our newsletter

The Global Legal Entity Identifier Foundation (GLEIF) has formed an international, cross-industry advisory board to provide support for users of its vLEI digital verification technology.

The vLEI Technical Advisory Board will help stakeholders seeking technical, governance and developmental support. Its membership is drawn from expertise within companies including Accelerate, Esatus and Prosapien and will be chaired by GLEIF IT head Christoph Schneider.

The vLEI is a cryptographically secure digital representation of LEIs, the internationally recognised 20-digit code associated with companies around the world. A vLEI enables automatic verification without the need for human checks. GLEIF created the vLEI to help financial and other institutions organise entity-specific data within their systems.

“We have assembled the vLEI Technical Advisory Board to provide this new ecosystem with the best possible chance of succeeding,” said GLEIF chief executive Alexandre Kech. “By connecting the experts and creating the strategic partnerships that will evolve the vLEI’s supporting infrastructure, we aim to establish this system as the fundamental enabler of digital trust across the many value chains that underpin our global economy.”

System Growth

GLEIF said the new board would help accelerate the growth of the vLEI ecosystem by promoting its scalability and technical interoperability. It would also help to promote new use cases and build partnerships with the Open Source community. The board will meet once a month.

The vLEI is built on a chain of trust that is rooted back to GLEIF to provide verified proof of an entity’s identity. The vLEi infrastructure supports blockchain, self-sovereign identity and other decentralised key management systems.

“The strong, global and scalable governance framework of GLEIF combined with the vLEI technology finally offers a once-in-a-lifetime opportunity to establish a digital trust layer for a variety of enterprise use-cases across multiple industries,” said Vasily Suvorov, a member of the advisory board and chief technical officer of Accelerate.

“This will enable a new era of IT innovation targeting solutions that can automate any intercompany business process that requires regulatory, risk, and policy compliance certainty.”

  • GLEIF CEO Alexandre Kech will be among panellists at Data Management Insight’s next webinar, which will discuss how financial institutions can maximise the use of data standards and identifiers beyond compliance and in the interests of the business. Click here to register for the event, which will be held on 18 July.

Subscribe to our newsletter

Related content


Recorded Webinar: The roles of cloud and managed services in optimising enterprise data management

Cloud and managed services go hand-in-hand when it comes to modern enterprise data management (EDM), but how can the best solutions for the business be selected and implemented to ensure optimal data management based on accurate, consistent, and high-quality data, and delivering improved efficiency, better decisions and competitive advantage? This webinar will answer these questions,...


A Dive into the Detail of the Financial Data Transparency Act’s Data Standards Requirements

As the June 2024 deadline looms for US regulators within the scope of the Financial Data Transparency Act (FTDA) to provide joint rules on data standards and reporting formats, the question of what these standards and formats will be remains open. Front runners are the Legal Entity Identifier (LEI) and eXtensible Business Reporting Language (XBRL),...


TradingTech Summit MENA

The inaugural TradingTech Summit MENA takes place in November and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions in the region.


Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...