Global Legal Entity Identifier Foundation (GLEIF)

In his latest blog post, David Meynell—ICC United Kingdom's Digital Rules Advisor and ICC Banking Commission Senior Technical Advisor—explores Amara's Law and its significant implications for the future of trade finance. 🌐 He highlights how the Legal Entity Identifier (LEI) development in trade finance exemplifies Amara's Law. Initially underestimated as a regulatory compliance tool, the LEI's long-term impact is proving far more transformative than anticipated. It's now emerging as a cornerstone of digital trade finance, enabling automated identity verification, enhancing fraud prevention, and streamlining cross-border transactions. 🚀 At GLEIF, we're excited to see the LEI playing a pivotal role in shaping the future of global trade finance. Let's continue to embrace innovation and build a more transparent and efficient financial ecosystem. 💪 🔗https://lnkd.in/d2cKSkj6 #GLEIF #LEI #DigitalTradeFinance #AmarasLaw #TradeFinance #DigitalIdentity #GlobalTrade

As we celebrate 10 years of enhancing trust and transparency in the global economy, we highlight the firsthand experiences of those who've benefited from GLEIF's services. Our partners share how GLEIF and the Legal Entity Identifier (LEI) have empowered their operations and transformed their business landscapes. These global stories showcase the tangible impact of LEIs and emphasize the critical role of trust and reliability in building international business relationships. ✨ Hear from Hudson Hollister, Founder and CEO of HData, and Javier Santamaría Navarrete, GLEIF Board Member and Chair of the Governance Committee. 🎉 Join us in celebrating a decade of excellence: https://lnkd.in/d-sp2zqt #GLEIF #GLEIF10Years #LEI #vLEI #Trust #Transparency #GlobalBusiness #BusinessGrowth

The Namibia Securities Exchange (NSX) has announced an initiative to provide Legal Entity Identifiers (LEIs) across all 54 African countries using the pTools Software LEILex platform. 🌍 This collaboration will significantly enhance the accessibility of LEIs in Africa, supporting transparency and efficiency in the global financial system. Tom Skinner, Managing Director and Chairman of pTools, stated: “This partnership underpins our LEILex initiative and offers an extraordinary opportunity to support the development of LEI provision across the continent of Africa.” We applaud NSX and pTools Software for this important step towards broader LEI adoption. Together, we're advancing global financial stability and inclusiveness. 💪 🔗 Read the full press release here via The Brief Live Namibia: https://lnkd.in/dqK5E6KD Tiaan Bazuin | Tom Skinner | Keith Wood #LEI #GLEIF #NSX #pTools #FinancialTransparency #Africa #GlobalFinance

We’re celebrating 🔟 years of GLEIF! 🥳 From the idea of establishing the Legal Entity Identifier (LEI) and verifiable LEI (vLEI), GLEIF has been at the forefront of building a trusted digital ecosystem for businesses worldwide. The journey continues as we shape the future of global financial transparency. Swipe through the highlights of our journey so far and visit our anniversary webpage for the full story: https://lnkd.in/d-sp2zqt #GLEIF10Years #LEI #vLEI #Trust #Transparency #BusinessSuccess #FinancialInnovation

We are delighted to announce that Global FinReg A/S has joined the GLEIF Vendor and Services Providers Relationship Group, bringing our membership to 53 organizations!   This community of data and technology vendors and service providers is committed to promoting the adoption of the Legal Entity Identifier (LEI) and discovering new use cases. They collaborate with GLEIF by sharing market insights to enhance LEI data services, co-developing solutions to meet evolving industry needs, facilitating open dialogue between GLEIF and industry representatives, staying informed about updates to LEI standards and data formats, and exchanging knowledge on initiatives across both public and private sectors.   We look forward to the innovative perspectives and contributions that Global FinReg will bring to our group.   👉 Learn more about the GLEIF Vendor and Services Providers Relationship Group: https://lnkd.in/eA6xm9Yr   #LEI #GLEIF #GlobalFinReg #DataVendors #FinancialServices #Collaboration

Deutsche Bank Flow's latest article, "Sibos 2024: Piecing Together the Payments Puzzle," focuses on how Sibos 2024 addressed the challenges and opportunities in payments and standardization to achieve the G20's cross-border payment objectives. 🌐 The piece highlights the accelerating adoption of the Legal Entity Identifier (LEI) in payments. Authorities such as China's CIPS, the Reserve Bank of India (RBI), and the Bank of England are now mandating its use for specific transactions. This momentum enhances data standardization, improves straight-through processing (STP), streamlines KYC processes, and strengthens sanctions screening. 📈 But the innovation continues beyond there. The LEI's digital counterpart, the verifiable LEI (vLEI), is poised to revolutionize the industry by enabling digital identity verification without human intervention. This advancement promises to boost efficiency and foster innovation in cross-border payment systems. 🚀 At GLEIF, we're excited about these developments and remain committed to promoting global financial stability and inclusiveness. Together, we can build a more transparent and efficient financial ecosystem. 💪 🔗 Read the full article on Deutsche Bank Flow: https://lnkd.in/eFacu4Vt Deutsche Bank Corporate Bank - #GLEIF #Payments #Standardization #CrossBorderPayments #FinancialInnovation #DigitalIdentity #vLEI #KYC #STP #G20

In its 2024 Annual Report, the Financial Stability Board (FSB) highlights the crucial role of the Legal Entity Identifier (LEI) in enhancing transparency and risk management globally. 🌐   We join the FSB in encouraging all jurisdictions to fully and promptly implement the 2022 recommendations. Let's work together to promote global financial stability and inclusiveness. 💪   🔗 Read the full report here: https://lnkd.in/eCev7pC3   #FSB #FinancialStability #Transparency #RiskManagement #GLEIF #LEI

Are you keeping up with the latest in global standards and risk management?    Ensure you're always informed with our monthly newsletter, which covers the most relevant GLEIF and LEI developments. Each issue brings you the top news, recent events, responses to industry consultations, and more, helping you stay ahead in your field.   🗞 Subscribe today and tap into a wealth of knowledge to help you navigate the complexities of legal entity identification and enhance your risk management strategies: https://lnkd.in/e3dQJW5J   #Standards #RiskManagement #LEI #GLEIF #SubscribeNow

Last week, BOCOM Fintech, a Shanghai-based subsidiary of China’s Bank of Communications Co.,Ltd., became the latest Validation Agent in the Global LEI System. 🌏 BOCOM Fintech joins a growing international network of Validation Agents that supports legal entities and LEI issuers across Africa, Australasia, China, Europe, India, the Middle East, and North America. 🔗 Read more: https://lnkd.in/dXmnt3qK #GLEIF #BOCOM #Bank #Finance #LEI #vLEI #ValidationAgent #FinTech #GlobalLEISystem #GlobalEconomy #China #APAC

Celebrating Excellence: GLEIF Service Management Team Wins the 2024 Challenge Cup! 🏆🎉   We’re thrilled to announce that the Global Legal Entity Foundation (GLEIF) Service Management Team has been awarded the 2024 Challenge Cup, organized by itSMF UK – the leading membership association for IT service management professionals in the UK.   The Challenge Cup is a simulation based on a real airline running their services to achieve the strategy and see in real-time the impact of made decisions.   4 players of the service management team competed against 36 other organization teams. The charity donation of £1,000 made on behalf of GLEIF’s service management team was nominated to the ‘Help for Children with Cancer’ organization. ✨👏   Find out more about the Professional Service Management Awards (PSMA) here: https://lnkd.in/eQ-PrMFn   Anja Lechner | Francesco Barba | Andrew Sullivan | Pedro Fuentes | Juan Pablo Arriaga Penagos   #GLEIF #LEI #vLEI #ITSM #ProfessionalExcellence #ServiceManagement #Teamwork #Awards #ChallengeCup