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 Open Mumbai Office as Indian Use of LEIs Surges

Subscribe to our newsletter

The Global Legal Entity Identifier Foundation (GLEIF) has expanded its operations to India, opening an office in Mumbai where it intends to gain a deeper understanding of local markets.

The non-profit organisation, which provides universal identification codes for companies and assets to make it easier to verify and map data to them, said India has been among the top-five legal entity identifier (LEI) growth areas in the past four years.

“The LEI has become a key tool in enabling trust and transparency across the Indian financial ecosystem, thanks to a proactive regulatory agenda advanced by the Reserve Bank of India,” GLEIF said. “Significant levels of new LEI issuance in the region annually, as well as high levels of LEI renewals, can be attributed directly to this extensive regulation and the need for organisations to comply.”

Meanwhile, the International Standards Organisation (ISO) has expanded the LEI technical standard to include GELIF’s digitally signed, tamper-resistant verifiable credentials, know and vLEIs.

“This is a pivotal moment in the evolution of digital organisational identity,” said GLEIF chief executive Alexandre Kech. “The inclusion of the vLEI in ISO 17442 solidifies its role as the global benchmark for secure, digital verification of legal entities. As the vLEI gains traction, it promises to revolutionise how businesses authenticate and trust each other, enabling seamless interactions in a way that has never been possible before.”

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

CFTC File Format Change to Impact Futures Data Management Teams

For futures commission merchants, clearing members, proprietary trading firms, and banks with material futures and options exposure, the transition of CFTC Part 17 Large Trader Reporting to FIX Markup Language (FIXML) is a test of data management maturity. This change directly affects firms responsible for aggregating, validating, and submitting large trader position data, often across...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

Dealing with Reality – How to Ensure Data Quality in the Changing Entity Identifier Landscape

“The Global LEI will be a marathon, not a sprint” is a phrase heard more than once during our series of Hot Topic webinars that’s charted the emergence of a standard identifier for entity data. Doubtless, it will be heard again. But if we’re not exactly sprinting, we are moving pretty swiftly. Every time I...