back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

GLEIF to accelerate the integration of LEIs in digital certificates

By Megha Bhattacharya

March 12, 2021

  • Gleif
  • UK
Share

GLEIF unveils Validation Agent proposalsThe 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.

Previous Article

March 12, 2021

Techemynt launches first New Zealand stablecoin backed by $NZD

Read More
Next Article

March 12, 2021

Boku and DAZN launch mobile payments for NTT Docomo in Japan

Read More










IBSi Daily News Analysis

The Weekly Wrap

October 07, 2022

Gleif

The Weekly Wrap: all you need to know by Friday COB | Oct 7th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

UT Federal Credit Union partners with Lumin Digital for enhanced digital banking services

Read More

Today

Kotak Mahindra Bank partners with Finastra for Kotak FYN

Read More

Today

Singapura Finance launches internet banking powered by Tagit

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022