Validation Agents

There are numerous reasons why organizations should consider becoming a Validation Agent within the Global LEI System:

  • Offer a faster and more efficient customer experience when onboarding clients and performing refresh updates.
  • Enhance internal data management processes by offering greater consistency and reducing costs.
  • Accelerate digital transformation.
  • Benefit from opportunities to add client value and market differentiation.
  • Stay ahead of the regulatory mandates and already include the LEI as part of the good practices recommended globally.

The Validation Agent role allows financial institutions and other organizations involved in identity verification and validation to obtain and maintain LEIs for their clients in cooperation with accredited LEI Issuing Organizations. Validation Agents achieve this by leveraging their business as usual client identification procedures in Know Your Customer (KYC), client onboarding or standard client refresh update processes.

The role was designed to remove the duplication of processes across an organization's client onboarding and LEI issuance, resulting in a simpler, faster and more convenient experience for both the Validation Agent and their clients, enabled by a more efficient LEI issuance process.

How it Works

The overall goal of the Validation Agent role is to streamline the LEI issuance process and, in doing so, deliver a multitude of benefits for legal entities, LEI Issuers and institutions that serve legal entity clients.


“Corporate and entity verification and validation remains a significant challenge for many financial services providers. By partnering with GLEIF and the Validation Agent framework, we aim to drive further adoption of LEIs to enable comprehensive compliance, provide legitimacy of entities as global trading and financial counterparties, and further assist organizations in providing essential financial services to many who remain outside formal banking.”

Amit Sharma, FinClusive CEO

“By providing a universal identifier recognized globally, we aim to assist Indian SMEs in two ways: complying with LEI mandates in India and accessing the global market.”

Mohan Ramaswamy, Co-Founder & CEO of Rubix

“As a Validation Agent, we can use LEI data to greatly streamline VASP identification and facilitate counterparty identification, while supporting our clients with early compliance to upcoming regulations,”

Shih Chia, CEO and Chief Risk Officer at VerifyVASP

"In the dynamic digital landscape, a trusted business identity is paramount.  CFCA, as an LEI validation agent, expands digital trust, empowers diverse clients, and accelerates their digital transformation. By leveraging a universally recognized digital identity rooted in LEI, organizations participate in the global marketplace with inclusivity and confidence. CFCA believes in the transformative power of the LEI ecosystem to redefine trust in the digital world." 

Yanzhao Zhang, Project Manager and Senior Strategic Analyst of CFCA

“We recognize the LEI’s value in creating the transparency that strengthen ties between organizations. Our approval as a Validation Agent enables us to streamline our approach to client lifecycle management, enhance our customer experience, and provides a uniquely powerful foundation to create new value-added services for our corporate clients.”

Paul Mifsud, Managing Director of Sparkasse Bank Malta plc

"As a Validation Agent, we are committed to leveraging over two decades of local expertise to engage and educate legal entities on the significant opportunities afforded by the LEI, while streamlining the LEI issuance process and reducing onboarding time. This will play a crucial role in mitigating systemic risks, while helping to realize the promise of digital transformation across the Indian marketplace and beyond."

Seema Kumar, Director of MNS Credit


Achieve a profitable client lifecycle

Benefits for…

Benefits for Sell-side institutions

  • Improved customer satisfaction through an add-on service
  • Reduced onboarding time for entity clients
  • More efficient renewal during refresh cycle
  • Avoid potential contractual fees for delayed onboarding
  • Continuous regulatory compliance
  • Enhanced internal data management processes, greater consistency with standardized entity reference data
  • Cost reduction due to generated efficiencies
  • Accelerated digital transformation

Benefits for Buy-side institutions

  • Unique identification of proprietary funds at the time of origination
  • Unique identification of all parties to a fund structure (trustee, advisor, sub-advisor, custodian, etc.)
  • Timely and unique identification of issuers of financial instruments
  • Efficient connectivity with fund custodian and admins who utilize the LEI
  • Smooth and efficient engagement with sell-side banks
  • Avoid potential contractual fees for delayed onboarding
  • Continuous regulatory compliance
  • Enhanced internal data management processes, greater consistency with standardized entity reference data
  • Cost reduction due to generated efficiencies
  • Accelerated digital transformation

Benefits for KYC service providers and data vendors

  • Attract more institutions who harness the LEI
  • Easier and faster communication
  • Improve customer service
  • Ensure single identifier within onboarding tools for entity clients
  • Become an industry leader among other service providers
  • Extend existing data services for LEI Issuer
  • Shorten onboarding time for clients
  • Enhanced internal data management processes, greater consistency with a standardized entity reference data
  • Increased efficiencies for burgeoning areas such as environmental, social, governance (ESG) data collection

Benefits for Multinational Corporations (legal entity clients)

  • Follow a data driven approach and facilitate the corporate treasurer’s workflow:

    • Simplify, secure, and digitize processes across treasury departments
    • More precision on the company subsidiaries results in better resource planning of resources for internal payments
    • Easier and quicker onboarding process
    • Better and streamlined relationship with bank
  • Future proof your organization vis-à-vis paperless trade, cross-border payments and digitization of trade documents.

  • Use your company’s LEI in digital certificates and perform transactions (regulatory filing, contract signing, etc.) digitally.

  • Create an organizational wallet based on LEI - have more visibility over who performs which task on behalf of the company.

  • Avoid any possible regulatory penalty.

Benefits for Small & Medium Enterprises (legal entity clients)

  • Access to cross-border payments, credit facilities, and supply chains without identity restrictions
  • Improve access to finance and corresponding banking relationships
  • Gain more visibility in e-platforms
  • Accelerate digital transformation

Benefits for LEI Issuing Organizations

  • Move early and be a leader in your jurisdiction(s)
  • Increase LEI volume under your management through economies of scale.
  • Ensure better visibility with regulators.
  • Reduce costs for verification and validation.
  • Removal of process duplication for validation of entity data
  • Increase share of LEIs under your management in different industries and expand your network.



GLEIF eBook: Introducing the LEI Validation Agent


GLEIF eBook: A Closer Look at the Validation Agent Trial Process


A New Future for Legal Entity Identification


The LEI: The Key to Unlocking Financial Inclusion in Developing Economies


GLEIF Research: The Pitfalls of Onboarding

McKinsey & Company and GLEIF

The Legal Entity Identifier – The Value of the Unique Counterparty ID

McKinsey & Company and GLEIF

The power of LEIs to transform client lifecycle management in banking: a U.S.$4 billion beginning