LEI Solutions

Validation Agents



Would your financial institution benefit from a faster and more efficient customer experience offering when onboarding clients and performing refresh updates?

How about enhanced internal data management processes, greater consistency, and reduced costs?

Let’s throw in accelerated digital transformation, as well as opportunities to add client value and market differentiation.

If the answer is “yes”, consider becoming a Validation Agent.

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 Issuer 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.

It is designed to remove the duplication of processes across a financial institution’s client onboarding and LEI issuance, resulting in a simpler, faster and more convenient experience for financial institutions and their clients, enabled by a more efficient LEI issuance process.

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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.

For more information about Validation Agents, contact info@gleif.org.

Achieve a profitable client lifecycle
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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
  • Participate in implementation of the Policy on Fund Relationships and Guidelines for the registration of Investment Funds in the Global LEI System from Day 1 (Implementation deadline is March 2022).
  • 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 LOUs
  • Shorten onboarding time for clients
  • Enhanced internal data management processes, greater consistency with standardized entity reference data
  • Increase efficiencies for rising areas such as environmental, social, governance (ESG) data collection
Benefits for legal entity clients
Multinational Corporations
  • Follow a data driven approach and facilitate corporate treasurer’s life:
    • Create an entity master data based on the LEI
    • More precision on the company subsidiaries; so better planning of resources for internal payments
    • Easier and quicker onboarding process
    • Better and streamlined relationship with banks
  • 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 who performs which task on behalf of the company
  • Avoid any possible regulatory penalty

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