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

Nord vLEI Becomes First European GLEIF Qualified vLEI Issuer

Subscribe to our newsletter

Nord vLEI has become the first European-based verifiable LEI (vLEI) issuer qualified by the Global Legal Entity Identifier Foundation (GLEIF). Nord vLEI is a subsidiary of NordLEI, the leading LEI issuer in Scandinavia and eighth largest globally, with more than 165,000 LEIs issued since 2014.

The vLEI is a digitised organisational identity that meets global need for automated authentication and verification of legal entities. By wrapping new and existing LEIs in digital credentials that can be verified, the vLEI offers a digitally trustworthy version of the LEI that can be used to verify the identities of legal entities and their authorised representatives across a growing number of automated interactions. Examples of known use cases include approving business transactions and contracts, onboarding customers, transacting within import/export and supply chain business networks, and submitting regulatory filings and reports.

Anders Åström, CEO and co-founder of NordLEI, comments: “The strength of the global economy lies in transparency and trust. The vLEI enables functional, reliable and ethical interactions on a scale never seen before and significantly reduces the potential for fraud and inefficiencies.”

Stephan Wolf, CEO of GLEIF, adds: “Welcoming Nord vLEI as a qualified vLEI issuer marks an important step forward for the vLEI ecosystem, reaffirming our ongoing commitment to developing the supporting infrastructure to establish the vLEI as a fundamental enabler of digital trust across the global economy.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Embrace the Threat: How Software Firms Can Head Off ‘SaaS-pocalypse’

Recent stock market losses among software providers have prompted some analysts to predict a coming “SaaS-pocalypse” as software companies are threatened by artificial intelligence that can write code and build software quickly and cheaply. The doomsayers may be premature, however. While AI undoubtedly has the ability to supplant some of those firms, it also presents...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London 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.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...