GLEIF to accelerate the integration of LEIs in digital certificates

By Megha Bhattacharya

The Global Legal Entity Identifier Foundation (GLEIF) announced a new collaboration with Certification Authorities (CAs) and Trust Service Providers (TSPs), to drive the use of Legal Entity Identifiers (LEIs) within digital certificates. GLEIF also launched a CA Stakeholder Group to facilitate communication between GLEIF, CAs and TSPs from across the world, as they collectively aim to coordinate and encourage a global approach to LEI usage across digital identity products. Participation has already been confirmed by China Financial Certification Authority (CFCA), DigiCert, InfoCert, Entrust Datacard, ICAI India, and SwissSign.

“This is an important step in promoting the LEI’s capacity to enhance trust and add enormous value across the digital identity management systems which power the private sector,” commented Stephan Wolf, GLEIF CEO.

“A unified and proactive global approach to embedding LEIs in digital certificates will rapidly extend the benefits of LEI adoption beyond regulatory use cases. Our aim is for the LEI to be harnessed as an enabler of advanced transparency in digital transactions and exchanges, and for its positive impact to deliver advantage and opportunity across the economy and society. We look forward to working with our new stakeholder group members and reporting developments in this space very soon.”

Recently, GLEIF announced that J.P. Morgan has become the first Validation Agent in the Global LEI System. The Validation Agent Framework allows financial institutions to boost their customer experience, speed up client lifecycle management and reduce costs with the implementation of KYC and AML onboarding procedures.