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

A-Team Insight Briefs

GLEIF Initiates Use of Verifiable LEI with Signing of 2021 Annual Report

Subscribe to our newsletter

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 for automated digital verification of the legal identities of businesses.

GLEIF’s annual report illustrates that vLEIs can be used to sign specific sections, or even facts, within a report or data set, as well as reports in their entirety. Financial statements have been signed, using individual vLEIs, by GLEIF’s chief financial officer and GLEIF’s auditors. The entire report has been signed by the foundation’s CEO and board chair.

GLEIF is now working to finalise a qualification programme to enable vLEI issuers to become operational later in the year. For the purpose of the proof-of-concept annual report demonstration, GLEIF granted Ubisecure temporary vLEI Issuer status, which enabled Ubisecure to issue GLEIF with vLEIs.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

Scalability the Keyword Behind S&P Global’s Enriched iLEVEL

S&P Global Market Intelligence’s update to its iLEVEL private markets data tool has been designed to enable firms to scale their engagements in private markets. The financial data company is betting that financial institutions’ growing engagement in these markets is such that they will need the sort of data provisions associated with public markets. S&P...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry 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.

GUIDE

Entity Data Management Handbook – Second Edition

Entity data management is this year’s hot topic as financial firms focus on entity data to gain a better understanding of customers, improve risk management and meet regulatory compliance requirements. Data management programmes that enrich the Legal Entity Identifier with hierarchy data and links to other datasets can also add real value, including new business...